How Obama's Housing Plan Hurts Home Buyers

An unintended consequence of Obama's rescue plan of homes that otherwise would be foreclosed upon:

In a market free of government intervention, people who can't pay mortgages lose their homes. The more homes foreclosed upon, the lower property values become. This is generally considered bad news.

What most people forget is that lower home prices make homes (and their associated mortgages) more affordable. This is important, so I'll state it again: Lower home prices make homes more affordable.

With Obama's rescue, he's using taxpayer money to prop up property values artificially. Does he realize that this intervention in the real estate market actually penalizes home buyers by restraining both the floor price and available quantity of homes in a given market?