Why Does Obama Hate the Poor?

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.

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