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Biden On Auto Bailout: Obama Closed Plants, Laid Off Workers

VP Joe Biden: "In the president's sense of a distressed company, he says everybody is in on the deal. 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."

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