I think the saying goes, "Fool me once, shame on you; fool me twice, shame on me."

We've all heard the promise of middle class tax cuts before - back in 1992. It helped get Bill Clinton elected. The trouble is that this was nothing but a hollow promise to the naive in order to buy their vote - there was never a real intent to lower taxes for the middle class. Rather than a tax cut, he increased taxes. I suspect Obama has borrowed a page from the Clinton playbook and unfortunately a lot of naive people are buying it. Anyone who makes less than $250K and thinks they are in for a tax reduction by Obama may as well take their money and invest in the Brooklyn Bridge - they both will net the same payback.