Only in America do we qualify a positive with a required negative.

Sales of previously owned U.S. homes ticked higher in July thanks to lower prices, but record inventory suggested the battered housing market is unlikely to recover soon, a trade group report showed on Monday.

Home resales rose 3.1 percent to a 5 million-unit annual rate, according to the National Association of Realtors. While that topped analysts’ expectations of a pace of 4.90 million, the overall picture was mixed.

The 5 million-unit rate topped analysts’ expectations of 4.9 million units, but the overall picture was mixed. They cn’t be positive about anything if they try.

Today was the 16th day of the House Republican ’staycation’.

With each passing day, it’s abundantly clear that Nancy Pelosi has no intention of calling back Congress. She has no intention of cancelling the remainder of her book tour, even though the number of people who have shown up on the House floor to listen to Republicans discuss the American Energy Act has outnumbered her book sales by a great margin. It’s clear she has no intention of coming back to do the job she was elected to do.

At this point I doubt her decision is purely political in nature, and it’s only a matter of time before she is called to the carpet for her unethical investment in the Clean Energy Fuels Corporation as well as her lack of leadership of the House Of Representatives.

Call Nancy Pelosi’s office at (202) 225-0100 and tell her to come back to work.

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Day #14 of the Republican ’staycation’.

Today, Minority Leader John Boehner returned to the House floor to ask Speaker Pelosi to call the Congress back into session, to begin debating the issue of energy reform.

The American people, Republicans, Democrats, and Independents, are speaking up and talking to their Representatives, demanding that Congress do something to help bring prices down at the pump.

Day #14, and still not a Democrat to be seen in the House. This is not a partisan issue, it’s an American issue. The fact they won’t even acknowledge their own consistuents is shameful.

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As we enter the third week of the House Republican ’staycation’, we still haven’t seen a Democrat in the House.

Nancy Pelosi is still out selling books, you and I are still paying nearly $4 per gallon, and Mrs. Pelosi’s investment in the Clean Energy Fuels Corporation is making more and more sense.

Over the weekend Mrs. Pelosi said she plans to introduce a bill when Congress comes back. It’s nice to know that her book sales and her natural gas investments are more important to her than winter heating oil costs for the American people.

Americans understand the issue in front of us and are demanding they come back. Contact your representative and tell them to get back to work. If they wait until September, they only have three weeks to work on a solution before they adjourn for the rest of the year.

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It sounds like things are worse at General Motors than we all thought…

U.S. automaker General Motors Corp. (GM.N) has pulled out of its longtime sponsorship of the Academy Awards, one of the biggest annual events on broadcast television, the Wall Street Journal reported on Sunday.

When you pull out of your sponsorship of one of the biggest shows of the year, something’s up. It makes me wonder when they say “it simply doesn’t fit into our plans for 2009″. What exactly is their plan? Bankruptcy? Huh? Do they not think the Oscars are worth it any longer?

Who knows?

It’s been 2 weeks since the House Republicans told Speaker Pelosi and the nation that they were not going home for their traditional August recess.

For the past two weeks we have heard 112 Republicans ask Mrs. Pelosi to call Congress back in session to discuss our nation’s energy situation.

The Republicans have introduced The American Energy Act, which is a comprehensive “all of the above” solution for our future energy needs, while the Democrats have remained silent. In fact, no one has even seen the Democrat plan for energy production.

Today’s episode is another recap of the remarks made by the House Republicans at their daily press briefings, along with a little surprise in the middle of the video.

I had some issues with one of the video files, so it’s a bit jumpy in parts.

Have a great weekend.

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House Republicans were back on the floor today. They continued discussion on the American Energy Act and wondered once again why their Democrat colleagues weren’t anywhere to be found.

Could Nancy Pelosi have a reason for wanting to keep them off the floor? Does she have something to gain by asking them to maintain their silence? Some say silence in golden. In this case, she may have thought so.

Nancy Pelosi has some explaining to do. Her investment in the Clean Energy Fuels Corporation is a clear conflict of interest, and she needs to come clean on the details involving that investment. As Speaker of the House, she owes it to the American people.

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Republicans returned to the House floor today to continue their ’staycation’ while Nancy Pelosi took time to appear on Larry King Live.

Too bad Larry King didn’t ask her about her sizeable investment in Clean Energy Fuels Corporation and the real reason she is stalling the energy vote in the House.

So much for her more ethical Congress. At least now we know what’s been motivating her to do nothing.

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The bubble has burst.

Oil dropped $5 to a three-month low on Friday as the dollar surged and concerns about global economic growth weighed on demand expectations.

The fall came even as Russia sent forces into Georgia, a key energy transit region, to repel a Georgian assault on the breakaway South Ossetia region.

U.S. light crude settled down $4.82 to $115.20 a barrel, before falling to $114.90 in post-settlement trade, the lowest level since early May. Prices have slid since hitting a record high over $147 a barrel on July 11.

So how much do you think gas will cost by election day? My guess? $2.67 a gallon. What do you think?