Washington (CNN) – President Obama used his weekly radio and internet address to tout the Wall Street reform bill signed into law this week but also slammed House Minority Leader John Boehner, saying the Republican's plan to create jobs is "surprisingly short, and sadly familiar."
"[W]hat we can't afford right now is to go back to the same ideas that created this mess in the first place," Obama says. "Unfortunately, those are the ideas we keep hearing from our friends in the other party. This week, the Republican leader in the House of Representatives offered his plan to create jobs. It's a plan that's surprisingly short, and sadly familiar."
"These are not new ideas. They are the same policies that led us into this recession. They will not create jobs, they will kill them. They will not reduce our deficit, they will add $1 trillion to our deficit. They will take us backward at a time when we need to keep America moving forward."
Boehner shot back Saturday, calling Obama "out of touch."
"Out-of-touch and unable to sell his agenda in the face of near-double-digit unemployment, President Obama is resorting to partisan attacks, rather than working with Republicans to help the American people, who are asking, 'where are the jobs?'" Boehner said in a statement.
"The fact is that Washington Democrats' policies have created uncertainty that has undermined our economy, shaken the confidence of the nation, and cost millions of American jobs. Our nation needs leadership – not excuses," the House Republican leader continued.
Partisan words aside, Obama devotes the bulk of his address to praising the Wall Street reform bill he signed into law on Wednesday. The bill's passage is a major legislative victory for the White House, and the President delivered a message sure to be repeated in the lead up to November's midterm elections.
"Wall Street reform is a key pillar of an overall economic plan we've put in place to dig ourselves out of this recession and build an economy for the long run – an economy that makes America more competitive and our middle-class more secure," Obama said. "It's a plan based on the Main Street values of hard work and responsibility – and one that demands new accountability from Wall Street to Washington."