going once going twice no jobs

Sounds like the familiar chant at your local neighborhood auction but nope it's actually the theme of the day - no jobs. That in of itself is no surprise; however, the latest move out of the White House may have sealed the deal on job growth or better yet lack there of with regards to job growth. If you thought getting some of the items in the Jobs Act passed was hard enough, how much more difficult will it be to raise taxes on millionaires?

Sure the Right rants and raves about deficit reduction but no one expected a tax hike to be on the table. While even some GOP members (just a few believe me) acknowledge that a tax increase is absolutely necessary (along with spending cuts), the fact of that matter is that doing so will only make a bitter party divide even worse and the unemployed are trapped in the middle. You gotta give it to Obama for the gutsy move that could prove fatal to his reelection campaign but the likelihood of job creation following a tax hike is less than slim and none. The Right would simply refuse to spur job growth just for spite. It's just a down right ugly situation in Washington and its only going to get worse...in the mean time no jobs. I'm not talking about the Apple guy either.

Too bad there aren't enough Warren Buffets to go around who want to pay more taxes than their secretaries. No matter how you look at it, the White House is in an uphill battle trying to rein in spending and jumpstarting economic growth concurrently. Raising taxes on millionaires will make quite a few unhappy. Cutting spending will do the same for the working class. Sounds like a no win situation to me. Of course we all know what no win situations mean right? You guessed it - no jobs. I can hear it on the Chamber floor now [House and Senate] - going once, going twice - no jobs - sold to the unemployed...but wait they already don't have jobs anyway.