In his first negative TV ad of his presidential campaign, Texas Gov. Rick Perry is using the "s" word against President Obama-socialism.

"Obama's socialist policies are bankrupting America. We must stop him now," says Perry in his fourth ad of his presidential campaign. The spot, airing in Iowa and on FOX News, is the first Perry commercial to do more that introduce Perry, or his flat tax economic plan.

Perry also goes after Obama for the president's remarks suggesting Americans have become "lazy" asking, "Can you believe that? That's what our president thinks is wrong with America? That Americans are lazy? That's pathetic. It's time to clean house in Washington."

Perry is referring to a comment Obama made at the Asia-Pacific Economic Cooperation summit in Hawaii this weekend when talking about America's slipping status in global economic competition. "We've been a bit lazy over the last couple of decades. We've kind of taken for granted-well, people would want to come here - and we aren't that hungry, selling America and attracting new business," Obama said.

The socialist line is not new for Perry, but its use in a TV ad is part of a new, more aggressive approach by the campaign. Perry, who has suffered in polls for his debate performances, has called for a dramatic overhaul of Washington, including pay cuts for Congress, prison terms for lawmakers caught profiting from insider information and the end of lifetime appointments for federal judges...