Clunkers: Hurts the poor.

John Stossel adds to the evidence that President Obama’s Cash for Clunkers program damages the economic environment in unseen ways — indeed, it doesn’t help the poor, it actually hurts the poor:

If you can only afford $500 – $1,000 for a car, you’ll find many of these vehicles are now unavailable.  They have been sent to the junk yard thanks to this program…The Blogger News Network points out that junk yards that demolish the clunkers aren’t allowed to pull engines and other parts before they’re crushed, making parts for older cars harder and more expensive to get.

Once more, nothing is more deadly than a politician who has vast power over the economy but who knows little of economics.