Obama Defines "Middle Class" as Less Than $250K

HEMMER: I know we’re pushed for time. Can you give me a definition of the middle class based on income, within a range?

OBAMA: You know, what I would say is, if you are making more than $250,000, than you’re more than middle class. You’re doing better. If you are making less than $250,000, then you are definitely somewhere in the middle class.