Can I run this arc welder at home?

Im an electrician.
If your house has 220(most do) then you can run it.
Do you have a dryer, a range, electric water heater? Those run off of 220....when i say 220....thats a universal voltage saying, meaning that welder will most likely run off 220~240v. you dont need to be exact on most things.
What you have to do is get a receptacle near where you will be running the welder, because im sure that the cord isn't over 6'.....Eaither hire an electricain or make sure you do it right...But you will have to take the plug off the welder, or find what amperage plug is on it, and get corresponding receplacle, wire, and breaker.

Now, if that welder in sears is like my lioncon 115v that i bought at home depot, i highly reccomend it, and it can weld some beefy metal even with the flux core.

It depends on your breaker. I don't know how much a drier draws, but I don't think they're that much??? Aren't they usually around 12-18 amps? I could be totally wrong.

While I don't work with secondaries too much at work (power engineer) I think you're going to need to beef up your breaker. If I'm right, you're going to draw about 2-3 times as much juice as you normally would and most likely trip out that breaker real quick.

A certified electrician could easily set you up to run this, what that would cost GreenMustangGT would better be able to tell you.

You also might want to tell the power company you plan to draw that much. Last week we ran into this problem where a guy had a really nice metal shop in his barn but was drawing 104 AMPS!!! for 1 service! The transformer was glowing red trying to source that much current. We had to take it down and put up a bigger can. Big PITA.

Every house in the United States that has electricity has 240. It is dropped to 240V at the pole, and sent into your house, where it is split into two sources of 120V. You are going to have a problem with that current load. You don't have a breaker set up to run that hot, and will probably need to set-up a new outlet with more industrial sized wire than what is feeding your appliances. It can be done though.
Brandon