I have to be missing something. The rod/axle/whatever you want to call it that the swing arm rotates on will not move. I'm supposed to take the frame for powder coat today, and i need this off. thoughts?

The shaft has more than likely seized to one or both of the bearings, put the nut back on the end a couple of turns and then give it a good old wallop with a soft faced hammer, or use a piece of timber to protect the nut from damage.

use lashings of WD40 on it, (I've posted a thread on how to make your own)

The trick was a bigger hammer. and bracing the frame against something solid so all the force went into removing the bolt. Need a new pivot bolt. Not only is the threaded end a little banged up, but the shaft itself is not in good shape. I'll probably do the conversion to needle bearings instead of bushings.