Price reiterates GOP calls for Geithner, Summers to step down

The GOP continued its recess push on economic issues as the Republican Study Committee chairman reiterated calls for Treasury Secretary Timothy Geithner and White House economic adviser Lawrence Summers to step down.

"They need to resign because the policies that they're putting in place are not being effective," Rep. Tom Price (R-Ga.) said Friday on Fox News.

House Minority Leader John Boehner (R-Ohio) called for the ouster of Geithner and Summers Tuesday during a speech outlining GOP economic policies in Cleveland. The White House fired back, saying that Republicans wanted a return to failed Bush administration policies.

Price said that voters would be sounding off on the $1.4 trillion deficit and stubbornly high unemployment rate at the polls.

"We offered and introduced a balanced budget this year," Price said. "Why aren't we moving in that direction? The American people are confounded by the lack of leadership that they're seeing come out of this administration and Speaker Pelosi and Harry Reid. And they are so mad that they're going to make their wishes known in 67 days, on Nov. 2."

Price said that President Obama should admit his economic policies have failed.

"What the president needs to tell the American people is, I've learned," the congressman said. "I understand and appreciate that the job creators out there are not being given the opportunity to create jobs. So we're going to get our fiscal house in order. We're not going deficit spending. We're not going to increase taxes. We're not going to impose a favorite treatment for unions across this country that decrease the ability for jobs. And we're not going to put in place the healthcare mandates that were passed before.

"If we were to do that, if he were to do that," Price said, "we would see the economy turn around."