Friday, July 20, 2012

Presidential Elections 2012 - VIDEO: 'President Obama, You're Killing Us Out Here': See the Hard - Hitting New Romney Ad - The Blaze - 171,531 Views (2) Canadians are Now Richer Than Americans - American Thinker (3) U.S. Home Sales Drop 5.4%, Fewest Since October - Yahoo Finance (4) Initial Jobless Claims Spike to 384,000 Last Week - American Thinker


'President Obama, You're Killing Us Out Here': See the Hard - Hitting New Romney Ad - The Blaze - 171,531 Views The Romney campaign released an ad Thursday attacking President Obama for his “You Didn’t Build That” speech. And it’s a blistering assault:“My father’s hands didn’t build this company? My hands didn’t build this company? My son’s hands aren’t building this company? Did somebody else take out the loan on my father’s house to finance the equipment?” asks New Hampshire business owner Jack Gilchrist who, along with his family, operates Gilchrist Metal Fabricating Company. “Did somebody else make payroll every week or figure out where it’s coming from? President Obama, you’re killing us out here. Through hard work and a little bit of luck, we built this business. Why are you demonizing us for it? We are the solution, not the problem,” he adds. The video, titled “These Hands,” is part of an increasingly critical ad campaign from the Romney camp. And should the tone of these new ads come as a surprise?  Read more.........


Canadians Are Now Richer than Americans - American Thinker - As Obama's policies continue to fail and bring the American economy out of the doldrums, the wealth of the average Canadian household has surpassed that of his American counterpart. And not just by a little, but by $40,000. US News: If you're thinking the Canadian advantage must be due to exchange rates, think again. The Canadian dollar has actually caught up to the U.S. dollar in recent years. "These are not 60-cent dollars, but Canadian dollars more or less at par with the U.S. greenback," Globe and Mail's Michael Adams writes. To add insult to injury, not only are Canadians comparatively better-off than Americans, they're also more likely to be employed. The unemployment rate is 7.2 percent--and dropping--in Canada, while the U.S. is stuck with a stubbornly high rate of 8.2 percent. Besides a strengthening currency and a better labor market, experts credit the particularly savage fallout from the financial crisis on the U.S. economy and housing market, which torpedoed home values and gutted household wealth. According to the report, real estate held by Canadians is worth more than $140,000 more on average and they have almost four times as much equity in their real estate investments.  Read more.......

U. S. Home Sales Drop 5.4%, Fewest Since October - Yahoo Finance - Americans bought fewer homes in June than May, indicating the weak economy could make a modest housing recovery choppy. The National Association of Realtors said Thursday that sales of previously occupied homes fell 5.4 percent in June to a seasonally adjusted annual rate of 4.37 million homes. That's the fewest since October. Sales are up 4.5 percent from a year ago, evidence that the market is still recovering. But the annual sales pace is below the 6 million that economists consider healthy.  Read more........

Initial Jobless Claims Spike to 384,000 last Week - American Thinker - After a week that saw initial unemployment claims fall to 350,000 -- a statistical fluke economists now say -- the number soared 34,000 to 384,000 -- a sign that job growth is simply not occurring. Reuters: Economists polled by Reuters had forecast claims rising to 365,000 last week. The four-week moving average for new claims, a better measure of labor market trends, fell 1,500 to 375,500 - staying in the middle of the range it has held for much of 2012. Read more........

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