Shocker: Obama Ignorant of How Supply and Demand Work

Obama doesn't understand the laws of supply and demand. 

Campaigning in Missouri Valley, Iowa, yesterday, President Obama announced yet another government spending program -- this time designed to inflate meat prices in Midwest swing states. "Today the Department of Agriculture announced that it will buy up to $100 million worth of pork products, $50 million worth of chicken, and $20 million worth of lamb and farm-raised catfish," Obama explained to reporters in front of a drought-stricken cornfield.
"Prices are low, farmers and ranchers need help, so it makes sense," Obama explained. "It makes sense for farmers who get to sell more of their product, and it makes sense for taxpayers who will save money because we're getting food we would have bought anyway at a better price."

When you create additional demand, you raise prices.  Higher prices mean things are more expensive for consumers. 

Then again, when your chief economic advisor doesn't understand supply and demand either, nothing shocks...