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RUSH: This is hilarious now. As you know we have chronicled Obama’s ceiling on tax increases — I should say the floor, whatever. That number is 250K a year, and it goes down to 150 if you listen to Biden. By the way, they have sent Biden to the back waters on the campaign. Biden, you can’t find him out there. He’s in states, but you don’t know where he’s going. He’s in Delaware. He’s in a lot of other places out there, and they have enforced the teleprompter on him. They have enforced the teleprompter. I knew he would be the gift that kept on giving. Steven Greenhouse here in the New York Times. ‘For Incomes Below $100,000, a Better Tax Break in Obama’s Plan. ‘The center left Tax Policy Center in this story tries to help out the Obama campaign. They say that…

Now, get this. We’ve all heard Obama talk about a tax cut if you make less than $250,000. They say in the New York Times story today, ‘When Obama says he’ll cut taxes on families $150,000 or less, that part is true,’ and this is in the New York Times! They’re essentially calling him a liar. Not totally because anybody making less than a 150, I mean it’s pretty true, Obama’s plan is pretty true. This story ought to be called, ‘The Incredible Shrinking Obama Tax Cut,’ but the dirty little secret is once again, ladies and gentlemen, there will be no tax cut for anybody. The Bush tax cuts of 2001-2003 expire in 2010. Everybody’s tax rates are going up to the Clinton levels in the nineties, and if you’re not paying income taxes — and about 40% of Americans aren’t — how can you get a tax cut? How can you get an income tax cut?

You can’t. You’re just going to get a wealth transfer. You’re going to get an income transfer. You’re not getting a tax cut. So this is all smoke and mirrors, and it’s all now starting to trickle out. Now, this story on Obama lowering expectations is again a UK story, the Times Online. It’s by Tim Reid in Washington. I gotta tell you something, folks. The British papers are coming up with much more relevant news than our news media combined. ‘Barack Obama’s senior advisers have drawn up plans to lower expectations for his presidency if he wins next week’s election, amid concerns that many of his euphoric supporters are harbouring unrealistic hopes of what he can achieve,’ such as he’s going to keep them in their houses and keep their gas tanks full. He’s going to pay for it.

‘The sudden financial crisis and the prospect of a deep and painful recession have increased the urgency inside the Obama team to bring people down to earth, after a campaign in which his soaring rhetoric and promises of ‘hope’ and ‘change’ are now confronted with the reality of a stricken economy.’ We need to be very careful about this, folks. Obama is lowering his expectations. We cannot let him get away with this. There are two reasons, if not more. Obama has spent, what, a year and a half or two years making these promises, raising expectation. He has been the candidate of the lofty rhetoric. He has been promising hope and change! He’s been promising to go wipe out all problems, he’s going to make the United States loved by everybody in the world.

He has been lying about our country. He has been lying about his vision. But more importantly, he will go far in implementing his left-wing agenda of massive welfare redistribution and tax increases. He wants a single-payer national health care plan, all of those things. The point of this is, Obama’s going to get most of what he wants to implement, but most of it won’t work! This is the key. He’s gonna get most of it, and most of it will not work. All of it so far will not work, not in the long term. So, they’re putting out stories, ‘He’s gotta lower expectations. People are expecting utopia out there! There’s this euphoria.’ He created it! Obama created these expectations. Now he’s got to lower them. Sad thing is, this whole campaign of fluff and imagery has succeeded.

But Obama has never been about the middle class. He has always been about destroying American society as it’s constituted, and punishing success. What Obama wants to do is destroy capitalism and expand government, and that is the truth that this illusionary campaign has covered up throughout the past year and a half.

BREAK TRANSCRIPT

RUSH: Audio sound bites this morning on our Denver blowtorch affiliate KOA, Governor Bill Richardson.

RICHARDSON: What Obama wants to do is — is he is basically looking at $120,000 and under among those that are in the middle class, and there is a tax cut for those.

RUSH: Well, all good, Governor Richardson, they’ve buttoned up Biden, but you’ve taken his place. They’ve got Biden on the teleprompter, now here’s Bill Richardson saying it’s down to $120,000. Anything above $120 and you get a tax increase. Let’s go back, here’s Obama, July 7th.

OBAMA: If Senator McCain wants a debate about taxes in this campaign, then it is a debate I’m happy to have, because if you’re a family making less than $250,000 a year, my plan will not raise your tax.

RUSH: That’s July 7th; it was 250. Richardson just today on KOA Denver, 120. Later in the campaign, just recently, very slyly, Obama reduced the number to 200.

OBAMA: If you have a job, pay taxes, and make less than $200,000 a year, you’ll get a tax cut.

RUSH: And then the Chia Pet, Joe Biden, TV interview, October 27th, this week lowered it again.

BIDEN: It should go like it used to, it should go to middle-class people, people making under $150,000 a year.

RUSH: In Obama’s infomercial taped last week.

OBAMA: As president here’s what I’ll do: Cut taxes for every working family making less than $200,000 a year.

RUSH: So, as president, he’ll cut taxes for every working family making less than 200. So we’ve gone from 120, to 250, to 200, to 150, now we’re back to 200, here’s Obama yesterday.

OBAMA: How many people make less than a quarter million dollars a year? Raise your hands. All right, that would appear to be the majority of you. Now, no matter what Senator McCain may claim, here are the facts. If you make under $250,000, you will not see your taxes increase by a single dime, not your income tax, not your payroll tax, not your capital gains tax, no tax. The last thing we should do is — in this economy is raise taxes on the middle class.

RUSH: Well, you’re going to do it. You’re going to raise taxes on everybody, doofus, when the Bush tax cuts expire. Let’s go back to Bill Richardson. This campaign cannot get this straight. This morning in Denver, via phone on KOA.

RICHARDSON: What Obama wants to do is — is he is basically looking at $120,000 and under among those that are in the middle class, and there is a tax cut for those.

RUSH: So you can’t keep a lie straight. This is the problem. The fact is everybody’s going to get a tax increase. None of these numbers are right. I got an e-mail. This was fascinating. Very seldom people ask me how we do what we do here, they just accept it, this is broadcast excellence, and they just think this happens, which it does, I mean it’s taken a lot of years to set up the system. ‘Rush, how are you so able to go back and get sound bites that you played years ago?’ We have an excellent filing system, it’s a great archive. Cookie Prayias does this, and it’s magic.

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