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This is not good...

U.S. to Impose Tariff on Tires From China - "In one of his first major decisions on trade policy, President Obama opted Friday to impose a tariff on tires from China..."

  • Raising trade barriers
  • Raising US marginal tax rates on capital
  • Raising US marginal tax rates on labor
  • Raising US energy costs (via cap & trade)
  • Raising US health care costs (I don't buy the cost neutral scenario for a minute)
  • Increasing ineffective and costly regulatory burdens on large & small US companies
  • Reducing global competitiveness of American industry
  • Record deficits with no end in sight
  • Raising inflation expectations (eg rising gold and falling dollar)
  • Increasing % of GDP controlled by government (with consequence of decreasing marginal productivity of those $)

How much more can you push this?


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