Biden Admits: 'Auto Workers Lost Their Jobs,' Dealerships Shed Because of Obama Administration

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1:01 PM, May 17, 2012 • By DANIEL HALPER

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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."