Obama: "Room to Compromise" on Bush Tax Cuts

Obama said there's "Room to Compromise" on Bush Tax Cuts, backtracking on a pre-election vow to only extend Bush Tax Cuts for those making less than $250,000 annually. John Boehner and the GOP, those who signed the "Pledge to America" were firm in desiring that all tax cuts be extended.

In what seemed to be a picture out of a Dr. Seuss book, the right refused to budge on extending only middle class tax cuts, whereas the President and his administration, arguably the left, refused to extend all tax cuts.

There may be compromise in the wake of the mid-term elections. Americans have spoken about their desires, which include a change. They're tired of the bail outs for Washington, the healthcare reform and more.

So perhaps now some have essentially lost their jobs Obama's ready to compromise. The question is...will the compromise on the tax cuts happen?