Hmmm, I like the rhyming throughout the poem but usually in a rhyming poems, stick to rhymes. Otherwise it kinda throws off the rest of the poem. I like the red and blue bit... red= love, blue= pain. I like it. And the punctuation... I thought that was a beautiful touch. Makes it short, concise, straight to the point.. good.

If you have rhyming lines throughout your poem, then try to make the whole thing a rhyming poem, like...

"The cat
And the hat
All he dis was eat
And always land on his feet"

You know? Make it all rhyme because if you have rhyming lines then the next few dont, it throws of the sound of it, makes it choppy and a little awkward. Or maybe it is just a preference.
It's still a good poem :)

Ohhhh ok, now I see it. My sincerest apologies. >.<