From the New York Times editorial page

"It would be better if Congress focused on the problems from globalization that it could actually solve rather than blaming China for America’s economic ills. The problem of American business competitiveness — and Americans’ economic anxiety — would be best addressed by health care reform. The problem of growing income inequality could be ameliorated with a more progressive tax code."

New York Times Editorial, 6/20/2007

Do you see the problem? It sounds somewhat reasonable on the surface, in the context of Congress "doing what it can" to address "problems associated with globalization." And I'm overlooking whether the "problems" listed with proposed solutions actually are problems (eg, is growing income inequality a problem? Why?).

How about this: The proposed solution for problem #2 directly leads to an order of magnitude increase in problem #1. And problem #1 is a real, serious problem. I guarantee that you harm American business competitiveness by taxing the pants off American businessmen, and American businesses.

I favor l imited government intervention because there are no subtle tools in the Congressional Toolbelt. They are blunt things, and always have plenty of consequences beyond the stated objectives.