What did you sing?
We sang... he steals from the poor and gives to the rich?
Wait a tic ... blimey, this redistribution of wealth is trickier than I thought.
Posted on 10/26/2009 9:17:04 AM PDT by Mobile Vulgus
On August 13 I posted a piece wherein I facetiously asked "Why does Obama hate the poor?" Then I pointed out that the cash for clunkers program was likely to cause the price of used cars to skyrocket in the near future. I also asserted that the reason this will be so is because Obama's clunkers program was set to destroy hundreds of thousands of otherwise perfectly functional cars all of which would have ended up on the used car market were it not for Obama's interventionism.
It really is the most simple principle of supply and demand, so simple a ten-year-old could follow it -- not that any Democrat is smarter than a fifth grader.
Here is what I wrote in August...
Read the rest at Publiusforum.com...
Not to mention the resources that are used up to REPLACE an already functioning and useful vehicle. And the energy it took to build the “clunker” in the first place is gone and no matter what the claimed efficiency of the replacement is, that energy is LOST, forever. Way to go greenies!
Actually, he loves the poor.
Why else would he be trying to make so many more of them?
If he hated them, he wouldn't be working so hard on making more of them.
Thus, I can only conclude: Obama hates Mexicans! What a racist he is.
What did you sing?
We sang... he steals from the poor and gives to the rich?
Wait a tic ... blimey, this redistribution of wealth is trickier than I thought.
Unintended consequences. The first time homebuyer’s tax credit has had a similar effect on low end housing prices. More incentive to buy means more competition for the available properties, causing bidding wars and price increases. Those least able to afford the increases are the victims.
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