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Republican economic proposals "disastrous": Obama

President Barack Obama hammered Republicans on Saturday over their newly unveiled campaign agenda, calling the opposition party's economic ideas "an echo of a disastrous decade we can't afford to relive."

GOP ready to make 'Pledge to America'

The party's manifesto calls for tax and spending cuts, a repeal of Obama's healthcare law and strict adherence to the Constitution.Drawing on ideas favored by conservatives and given new voice by "tea party" activists, Republicans will unveil Thursday a governing manifesto that calls for dramatic cuts in government spending, repeal of the new healthcare law and a strict constitutional test for every proposed law, according to a draft of the plan.

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