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?