Washington (CNN) - One day after the Obama administration touted favorable new employment figures, Republicans hit the administration for pushing "job-killing legislation that would guarantee permanent bailouts for Wall Street."
California Rep. Kevin McCarthy, a member of the House Financial Services Committee chosen to deliver the weekly GOP address, used the platform to call Democrat's Wall Street reform bill a "job killer."
"President Obama wants Congress to pass job-killing legislation that would guarantee permanent bailouts for Wall Street," McCarthy said. "Under his plan, unelected Washington bureaucrats would be granted virtually unlimited power to pick winners and losers – and hardworking American taxpayers would pick up the tab for the reckless decisions made by irresponsible bankers."
A top Obama administration priority, financial regulation reform bills are currently working their way through both houses of Congress. The Senate version of the bill, authored by Connecticut Sen. Chris Dodd, passed a critical test vote on March 22, and has moved to the full Senate.
A CNN/Opinion Research Corporation poll released Thursday indicated that Democrats have lost their large advantage over Republicans when Americans are asked which party would do a better job with the economy.
According to the poll, 48 percent of Americans say Republicans in Congress would do a better job dealing with the economy, with 45 percent saying that congressional Democrats would better handle the issue. That's a switch from last August, when Democrats held a 52 percent to 39 percent advantage on the economy.
CNN's Paul Steinhauser and Jen Liberto contributed to this report