First Lady Michelle Obama’s pitch to voters last night relied on the premise that she and her husband understand what it is to struggle to make ends meet. She spoke movingly about their early years — about how a young Barack Obama drove a car that was “rusted out” and found his furniture “in a dumpster,” how they both came from families that had to “scrape by.” Her fairy tale — however well-delivered — was one great, big colorful lie.

Both Michelle Robinson and Barack Obama began their adult lives with a leg up on the rest of America. They attended elite schools: Michelle went to Whitney Young, the public magnet school for Chicago’s upper class, while Barack attended Punahou, the private prep school for the top stratum of Hawaiian society. They were accepted to Ivy League schools despite undistinguished credentials, and both attended Harvard Law School. …

They had expensive tastes, reflected in the $277,500 two-bedroom condo they bought in 1993 — a high price even by today’s standards. Several years later, they moved into their $1.65 million mansion in Hyde Park — with the help of fraudster Tony Rezko. Barack often told a story of hardship on the campaign trail in 2008 about having his credit card declined — once. The fact that he thought this counted as real hardship speaks volumes.