Very well stated, Throbert...
And Americans like cheap Chinese manufactured goods. That's why they don't want to blame the Chinese. No one even calls the Chinese "communists," although I know a lot of Americans who still call the Russians "commies." The Chinese commit horrendous human rights violations (suicide nets just to name one!) and for some reason the media is mostly silent about it, whereas the media never missed a chance to point out all the inhumanities of the co-called "evil empire" (Russia).
Americans like Wal*Mart and the convenience of cheap stuff. They don't really care where it comes from, or how badly people suffered to produce those goods. They don't think about the impact all of this is having on the US economy either! But I digress.
I think Americans are also (deep down) really scared of China. They prefer to think of the Russians as the "bad guys" because Russians were kind of endearing to us as "enemies" - maybe we sensed that they were really just a lot like us. I think those who still call Russia the "number one geopolitical foe" are just nostalgic, and hankering for the comfortable Cold War days, before the "War on Terror" and before the horror of 9/11.
As for all the conspiracy theories out there, I have studied enough of them to see that for the most part they just ask more questions than they really answer. Granted, I am not opposed to asking questions. I just hope we ask the right ones, and do not let our judgement get cloudy by too much "Ancient Aliens" thinking.