Obama: "... disastrous for the poor."

You have to be a clueless idiot who never had to earn a living to tell someone who can’t afford to fill his gas tank at $4 per gallon that he needs to buy a new car.

And now the price of food is rising sharply along with the price of gas. The two biggest items on the household budget of the poor other than the mortgage or rent payment is food and gas. And those are skyrocketing.

And here is Obama promising that utility bills would also skyrocket.

Does Obama really want to see riots in the streets?

Richard Fernandez on the Obama attack on the poor:

The poor, the elderly, and minorities are being hurt, not just by energy prices, but across the board. There are concerns that inflation is back, despite very low Fed rates. Although the Bureau of Labor Statistics says “inflation is flat” after declining markedly after the economic meltdown in late 2008, it may now be on the rise again. ...

Fuel and food prices have been defined out of the calculation of “core inflation” by the the Fed. Excluding food and fuel from the accounts means measuring demand in categories for which demand has shrunk because less disposable income is left over. By measuring only non-food and non-fuel prices, policymakers can make the argument that inflation is actually stable or going down.

That may convince the press, but it may not convince the public. Inflation is the one piece of news that the administration’s allies in the media cannot conceal. The daily news from the supermarket cash register speaks, and the gas station is more eloquent than anything that the New York Times can print....

Goods are the one thing that cannot be conjured into existence by the dream-merchants and the ideologues. Huge rent-seeking industries and bureaucracies may have come up against the one enemy they cannot defeat: the drying-up of their own means of sustenance. They are starving themselves from their depredations; they have eaten out the landscape. And now the small mammals, nearly forgotten and trodden underfoot, are pouring out of their burrows and may eventually end the reign of the dinosaurs.

If prices start rising across the board the winter of 2011 could very well be the equivalent of Napoleon’s terrible winter of 1812, when the Grand Armee froze on its overextended advance. In President Obama’s case — with his simultaneous attempts at socialized medicine, cap and trade, and Mideast foreign policy — we may have seen the high-water market of his left-wing ideology. That may still be popular among the intellectuals, but it has been in practice disastrous for the poor. It has been especially catastrophic for blacks and Hispanics.

Just as Napoleon found he could not feed the Grand Armee in burned-out, desolate Moscow, will Barack Obama discover that he can’t sustain Hope and Change on itself? “We are the people we’ve been waiting for!” Yes. But you need the people you haven’t been waiting for to pay the bill.

Read the whole thing.

It would be the apex of irony if the wealthy were the only ones benefiting from the Obama regime while the middle class and the poor are destroyed.