Cash For Clunkers Hurting Lower Class Car Buyers

In yet another see-I-told-you-so moment, Obama’s cash for clunkers program is now hurting lower income folks who wish to buy used cars by driving costs up an average of $1,800 above what used car prices were at this time last year.

In August of 2009 I wrote that Obama’s cash for clunkers program would “soon be materially hurting the lower middle classes” that aren’t rich enough to buy new cars. With the rule that the cars turned in under the clunkers program had to be destroyed many thousands of good, serviceable used cars were summarily removed from the used market. Fewer cars on the used market means the ones that are left will see higher prices. It’s a simple supply and demand principle here. Apparently Obama was blissfully unaware of such a simple truth.

Now a report on Edmunds Daily, a car shopping advice service website, is saying that used car buyers are seeing an average of $1,800 more on their purchases. On larger-sized autos it’s even higher.

So middle and lower class Americans are almost $2,000 behind before they even decide to try and buy a used car.

Once again we see that Barack Obama is murder on the wallets of America’s middle and lower classes. Everything he does costs honest, average citizens thousands of dollars lost from their family income.

Warner Todd Huston

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 Andrew Breitbart's BigGovernment.com, BigJournalsim.com and all Breitbart News' other sites, RightWingNews.com, CanadaFreePress.com, and many, many others. Additionally, he has been a frequent guest on talk-radio programs across the country to discuss his opinion editorials and current events as well as appearing on TV networks such as CNN, Fox News, Fox Business Network, and various Chicago-based news programs. He has also written for several history magazines and appears in the 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 and follow him on Twitter, on Google Plus , and Facebook.

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