Reid suggests Republicans are sabotaging the economy to beat Obama

Reid said those efforts were already bearing fruit in the gloomy economic numbers that appeared last month.

"The result of their tactics, their stall tactics, their obstructionism and their mindless budgets cuts, are beginning to show," Reid said.

Senate Minority Leader Mitch McConnell (R-Ky.), however, quickly fired back at Reid from the Senate floor, saying Republicans will refuse to allow Obama to spend more borrowed money in order to temporarily create jobs that would float the president past the election.

“What we won’t do ... is allow the president to put us deeper in debt to finance a collection of short-term fixes or shots in the arm that might move the needle today but which deny America’s job creators the things they really need to solve this crisis," he said.