Joe Biden’s frontrunner status in the Democrats’ nominating process just got significantly shakier. The subject of that article is why Biden has earned the title of “1% Joe.”

At a fancy fundraiser Tuesday night, Biden is quoted as saying “Remember, I got in trouble with some of the people on my team, on the Democratic side, because I said, you know, what I’ve found is rich people are just as patriotic as poor people. Not a joke. I mean, we may not want to demonize anybody who’s made money” Biden told about 100 well-dressed donors at the Carlyle Hotel on New York’s Upper East Side, where the hors d’oeuvres included lobster, chicken satay and crudites.”

Later, Biden said this:

“Truth of the matter is, you all know, you all know in your gut what has to be done. “We can disagree in the margins. But the truth of the matter is, it’s all within our wheelhouse and nobody has to be punished. No one’s standard of living would change. Nothing would fundamentally change.

From a policy standpoint, this isn’t a major problem in a general election. In a Democrat primary, it’s like lighting a short fuse on a big stick of dynamite. Nothing good will come of it. I can’t picture Bernie Sanders not bringing this up at next week’s debate. Further, I can’t picture Biden not attempting to explain why this is much ado about nothing. Good luck with that, Joe, especially in light of his Hyde Amendment fiasco.

Think that this fundraiser will be accepted by progressive activists? Think again:

This will go over as well on the left as cockroaches and ants invading a picnic. Biden won’t drop 20 points by the end of July but he’s about to experience a major correction in his polling.

Thus far, Vice President Biden has hidden his gaffes fairly well, with the Hyde Amendment fiasco being the biggest exception. This statement returns the spotlight to Biden’s gaffes. The worst gaffes are the ones that reinforce an image that’s already well-earned. This isn’t going away because Vice President Biden is a certifiable gaffe machine.

The truth is that Joe Biden is almost as terrible of a candidate as Hillary was. This field of Democrat presidential candidates isn’t that impressive. Still, another of these gaffes and Biden will be wondering how he’ll stop Amy Klobuchar’s momentum.

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