Speaking in Ohio, Vice President Joe Biden admitted that auto workers lost jobs because of actions taken by the Obama administration:
“In the president’s sense of a distressed company, he says, ‘everybody is in on the deal,'” said Biden. “GM and Chrysler had to make some tough decisions: They shed some dealerships, they closed plants–two in my own state. Auto workers lost their jobs–a heck of a lot of them. Bond holders, bond holders–the so-called big guys–they lost money, too. But everybody was in on the deal.”