Price again calls on Summers, Geithner to resign

A day after White House National Economic Council Director Larry Summers said he is leaving his post at the end of the year, a Congressman from Georgia called for his immediate resignation.

U.S. Rep. Tom Price, R-Ga., on Wednesday reiterated his call for Summers and Treasury Secretary Tim Geithner to step down from their posts.

“Economists say the recession officially ended in June 2009, yet we've continued to shed jobs and the unemployment rate has climbed in the past fifteen months of so-called recovery,” Price said in a statement. “Even the President's economic team says they do not expect unemployment to leave the 10 percent range any time soon. Yet they stubbornly refuse to admit failure or consider better ideas to encourage hiring and investment.

“Geithner and Summers both need to resign immediately,” Price added. “The American people cannot afford one more day of the President's failed economic strategy. It's time to wipe the slate clean and find people who actually know what it takes to survive and thrive in the private sector.”

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