Earlier today we noted with some surprise that Obama had lowered his definition of “wealthy” from those earning $250,000 a year to those earning more than $200,000 a year.

Now there’s a report from Fox News quoting running mate Joe Biden saying that wealthy begins above $150,000. Biden told a Scranton, Pa., TV station on Monday that Obama’s tax break “should go to middle class people — people making under $150,000 a year.”

John McCain attacked the downward trend in the Obama-Biden definition of wealthy:

“You getting an idea of what’s on their mind, huh? A little sneak peak,” McCain said, pointing to Biden’s comment. “It’s interesting how their definition of rich has a way of creeping down. At this rate, it won’t be long before Senator Obama is right back to his vote that Americans making just $42,000 a year should get a tax increase.” 

As I noted earlier today –

We’ve heard his promise to taxpayers so many times, it is permanently etched into our brains: “If you make less than $250,000, you will get a tax cut.”

Thanks to Obama’s cash-flush campaign, he ran those ads so often, we can recite the numbers by heart. We were all pretty clear that $250K was the thresh-hold. Below that, and you were on the Obama dole — the check was as good as in the mail! If you earned more than $250K, you were out of luck, buster! Just hand over your paycheck or business revenues to the Obama enforcers and be done with it.

Now we have this new Obama ad — I call it “The Case of the Missing $50,000.” Just 30 seconds into the ad and now Obama is promising that “If you earn less than $200,000, you will get a tax cut.”

What happened to the $50,000?

Did someone in his campaign finally do the math and realize that he needed to punish more people in order to redistribute sufficient wealth to the rest of the country?

Rest assured, no one will fail to catch this last-minute switcheroo. But I sense that those who were supporting Obama in the first place generally earned much less than $200K a year. This is not going to change their vote.

What people should really be concerned about is how Obama’s definition of wealthy is likely to keep shifting downward –$100,000? $75,000? A warm body with a steady job?



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