U.S. House minority leader calls for resignation of Obama's economic team

08:53, August 25, 2010      

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U.S. House Minority Leader John Boehner on Tuesday called for the resignation of Obama's economic team, quoting reasons that they failed to fulfill their promises of creating jobs for Americans.

"President Obama should ask for -- and accept -- the resignations of the remaining members of his economic team, starting with (Treasury) Secretary Geithner and Larry Summers, the head of the National Economic Council," Boehner said in remarks at the City Club of Cleveland.

"(The mass firing) is no substitute for a referendum on the president's job-killing agenda. That question will be put before the American people in due time. But we do not have the luxury of waiting months for the president to pick scapegoats for his failing 'stimulus' policies," he added.

It is nothing new for the minority party to assault the administration's policies, particularly at a time when the midterm election is coming in less than three months.

"The American people are asking, 'where are the jobs?' and all the president's economic team has to offer are promises of 'green shoots' that never seem to grow," said Boehner, who is making a push to become the next House Speaker.

The jobless rate remained stubbornly high at 9.5 percent in July, and nonfarm payrolls have fallen for two straight months, according to the Labor Department. So far this year, private sector has added an average of 90,000 jobs per month, compared to nearly 8.5 millions jobs lost during the recession.

Boehner blamed recent healthcare legislation and Obama's intention to raising taxes for the lackluster pace of economic recovery and job creation, saying they create uncertainties for businesses and households.

"America's employers are afraid to invest in an economy stalled by stimulus spending and hamstrung by uncertainty," he said. "The prospect of higher taxes, stricter rules, and more regulations has employers sitting on their hands."

Source: Xinhua

(Editor:张茜)

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