Why Does Obama Hate the Poor?

August 13, 2009 | Filed Under Anti-Americanism, Barack Obama, Budget, Business, Communism, Congress, Democrats/Leftists, Economy/Finances, Free Trade, Freedom, Government, Corruption, Liberals, President, Socialism, Society/Culture, Taxes, Warner Todd Huston |

-By Warner Todd Huston

Obama’s cash for clunkers program will soon be materially hurting the lower middle classes that are not rich enough to be able to buy a new car or to turn their old one in for that 4,000 or so dollars off the sticker price of a new car.

How could that be you wonder? It’s that old rule of supply and demand… an economic reality that no Democrat understands.

There’s little doubt of what will happen later in the year as cash for clunkers expands. Many thousands of lower end, used cars will be entirely eliminated from the market place as the government destroys them after they’ve been redeemed via that cash for clunkers program.

These will be the many thousands of cars that will not be available for people that have less than $10,000 with which to buy a car because so many perfectly good cars that would have ended up on the used market will have been destroyed by the government. Because all these cars have been artificially removed from the used car market — and all at once at that — there will be thousands fewer cars left for sale. Worse, the ones that are left will rise in price as there will be far more customers for them than units for sale.

This means that many millions of people that make less than $50,000 a year will now not be able to afford to buy a car at all.

This means that Obama has summarily eliminated many millions of Americans in the lower middle classes from be able to buy a car.

This means that lower middle class people and people near the poverty line are going to find it harder to have the mobility to be able to get jobs, get to schooling, or even go grocery shopping.

Senator Coburn, for one, understands exactly what this means.

Sen. Tom Coburn, R-Okla., called that provision “nuts” during debate in the Senate last week. He said that in his state, one trade-in had less than 10,000 miles on the odometer. “We’re going to destroy the opportunity for somebody less fortunate to have that automobile,” he said.

Not only will this hurt the poor and those in the lower middle class it will destroy many thousands of used car dealers across the country, driving them out of business for lack of stock and inability to compete. At a time when we need an economic boost because of the worst economy since The Great Depression, Barack Obama and his Democrats are finding ways to destroy business!

Barack Obama hates the poor and small businesses, the backbone of our nation’s economy. It’s really just that simple.
____________
Warner Todd Huston is a Chicago based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as newsbusters.org, RedState.com, Human Events Magazine, AmericanDailyReview.com, townhall.com, New Media Journal, Men’s News Daily and the New Media Alliance among many, many others. Additionally, he has been a frequent guest on talk-radio programs to discuss his opinion editorials and current events and is currently the co-host of “Life, Liberty, and the Pursuit of Conservatism” heard on BlogTalkRadio. He has also written for several history magazines and appears in the new book “Americans on Politics, Policy and Pop Culture” which can be purchased on amazon.com. He is also the owner and operator of publiusforum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston

Fair Use: This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. I am making such material available in my efforts to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. I believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research, educational, or satirical purposes. If you wish to use copyrighted material from this site/blog for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

Bookmark to:

If you would like to make a comment, please register to do so. I hate to do that but there are so many spam-bots out there that deleting spam comments would be a full time job if I were to just open it up for anyone without asking them to jump through a few hoops first.

You must be registered and logged in to post a comment. Anyone can register. No registrant's information is kept, used, or sold. CLICK HERE TO REGISTER