War of Words: Boehner, Biden Spar Over Economic Policies

Video: Vice President Joe Biden remarks on Boehner and the economy.

The war of words on the economy escalated today as Vice President Joe Biden dueled with House Minority Leader John Boehner, who earlier today called for the resignation of President Obama's economic team.

It's "very constructive advice and we thank the leader for that," Biden said sarcastically to muted laughter. "For eight years before we arrived in the West Wing, Mr. Boehner and his party ran economy and the middle class literally into the ground."

Video: Vice President Joe Biden remarks on Boehner and the economy.

"Mr. Boehner is nostalgic for those good old days, but the American people are not. They don't want to go back. They want to move forward, and so folks, I'm still waiting for what it is that they are for," Biden said today in a speech to give an update on the Economic Recovery Act.

Speaking in Cleveland earlier today, Boehner berated the "president's job-killing agenda," and called on him to veto an energy bill, the controversial "card check" legislation -- a union-favored bill that Obama has vowed to fight for -- and support the repeal of the health care bill that was signed into law in March.

Video: Rep. Boehner remarks on if he were Speaker of the House.

House Republican attempts at repealing the health care law have been largely unsuccesful.

"This spring, when power changed hands in Britain -- another country racked by red ink -- one Treasury minister left a note for his successor and the note said, 'I am afraid to tell you there is no money left,'" Boehner said. "Well, I am not afraid to tell you there is no money left, we're broke!"

The Ohio Republican pointed to the resignation of Christina Romer as chair of Obama's Council of Economic Advisers, who announced her decision to step down shortly after Peter Orszag, director of the Office of Management and Budget, resigned.

"We have been told that the president's economic team is 'exhausted' -- already, his budget director and his chief economist have moved on or are about to. Clearly, they see the writing on the wall, and the president should too," Boehner said. "President Obama should ask for -- and accept -- the resignations of the remaining members of his economic team, starting with Secretary Geithner and Larry Summers, the head of the National Economic Council."

Seizing on the large budget deficit accumulated during the Bush administration, Biden today accused Boehner of returning to the policies that led to the crisis "from which we are still digging out."

"They gave free rein to special interests to write their own rules at the expense of everyone else, not just the middle class," Biden said.

The top Republican in the House earlier blasted the Obama administration for raising taxes on small businesses and Americans, a charge that Biden denied. Instead, he pointed the finger at Republicans for wanting to extend tax cuts to "Wall Street" and not the "Main Street."

"We've seen this movie before," the vice president said. "And we know how it ends. The American people deserve something different and something better."

The war of words come as a new Reuters/Ipsos poll released Tuesday shows that Americans are increasingly concerned about jobs and the economy, but want tax cuts extended.

Forty-nine percent of those polled said they wanted to see the Bush tax cuts extended for all Americans, while 31 percent said they should expire for people whose salary is above $200,000. More than half thought that reducing the budget deficit was a bigger priority than lowering taxes.

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