Obama and the Continuing War on the Poor

Mises.org story

"The process of looting the public appears to have gained momentum with the newest administration. It has embarked on a full-scale assault on the American public, aimed not only at ravaging the poor for a few special interests, but vastly increasing the number of people consigned to poverty. Whether we look at Obama and the Democrats' cap-and-trade legislation or their health care reform or their pork barrel stimulus bill, in each case they intend to raise prices and increase taxes on us all. While a few corporate interests will benefit grandly from such nonsense, the vast majority of us will be made poorer."

Destroying good used cars that poor people would love to buy. Only the government could think of it.

Is it just me, or is this "cash (your cash btw) for clunkers" program just another liberal pipe dream with unintended consequences?

Why are we using tax money to buy perfectly good used cars and send them to the crusher? If the democrats are for the "poor" (which, of course, they are not, they are for saying whatever it takes to get elected) why would they take cars that poor folks can afford off the market. They do this in two related ways.

1. Paying (with tax money) an inflated price for used cars takes them out of the used car market.
   
2. The cars that are not sold and crushed in this program become more expensive because there are fewer used cars to be purchased in the open market.