Whats Really Weakening Our Economy

A recent forecast from the International Monetary Fund predicted China's economy will surpass the U.S. in 5 years! Cheap labor in economies like China and recent financial have weakened the U.S. economy, but has the U.S. Federal Reserve played a role?
A senior economics writer for the Wall Street Journal stated, "One of the fundamental problems with the U.S. economy right now is the Federal Reserve thinks the answer to all our economic problems is printing money."
Printing money may increase the supply of money but it also lowers the value of anything being purchased. It can also devalue the currency as a dollar is worth 11 cents less against the euro today than it did a year ago. While that makes the export of U.S. goods cheaper abroad and helps the country's trade imbalance, it also makes foreign goods such as cars and oil, more expensive. Although this is not the only matter effecting the stability of our economy, it is an issue that needs to be met with great attention and watched closely.