House Minority leader John Boehner of Ohio lashed an attack on President Barack Obama and his allies during his Tuesday speech in Cleveland. He criticized the way the president has been handling economic affairs and called for the resignation of top economic advisers.

Boehner began his speech by demanding that Obama avoid the “job-killing tax hikes” that he’s been implementing. The Minority leader accused the administration that it is taxing half of the small businesses’ income with higher rates.

Furthermore, he also launched a tirade against the way the president is handling spending, tax, and regulatory policies. In his speech, Boehner said that Obama’s moves has done nothing but create uncertainties and stall economic growth. Because of this, he says that National Economic Council head Lawrence Summers and Treasury Secretary Timothy Geithner should be asked to step down from their posts.

The Democrats have given their own counter-arguments, even before Boehner made his speech. They say that the administration is not “killing” small business as only 97% are affected by the new tax policies. They further countered that if the current administration is encountering problems, it’s because it inherited an economic mess from the Republicans in January 2009. Whatever policies the current president is proposing to reverse the mess, the Republicans are blocking it, adds the Democrats.

The Republicans are recreating their strategy of 1994 – they are trying to get back to power by riding in the economic anxiety. They are seeking to get 39 seats in the fall elections to ensure that Boehner replaces current speaker Nancy Pelosi.

In February of last year, President Obama signed the economic stimulus law and it was recalculated at $814 billion over 10 years by the non-partisan Congressional Budget Office. Since the signing, Republicans and Democrats have fought over tax cuts and increases plus auto and bank bailouts. The impact of the new spending has also been debated over.

Republicans are clamoring for the roll back of some parts of the health care law. They are also saying ‘no’ to the energy bill, which will also tax carbon pollution.

The biggest debate is probably about the tax cuts made by President George W. Bush: the Republicans say that these should be extended but the Democrats think otherwise. The Democrats agree to extend only the tax cuts on middle class, with a 10-year cost of $3 trillion. The Republicans, though, are pushing for tax cuts for upper-income Americans – this will cost the government an additional $700 billion.

The coming elections will be affected by a number of things. Among them are the two wars, the Supreme Court picks, and the change in the nation’s health care system. But the biggest thing that will affect votes is economy.