Biden still praising auto bailout despite increased $25B price tag [VIDEO]

Nicholas Ballasy Senior Video Reporter
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In his speech at a campaign rally in Virginia, Vice President Joe Biden praised the auto bailout, even after a new report finds that taxpayers are expected to lose over $25 billion on the bailout.

“Over the years I go to Democratic rallies or Democratic events, and the Democrats will say to me, hey, look, why can’t we get down to a bumper sticker what we stand for? The Republicans have easy things to say. They say, cut taxes, do this, that. I said, I got a bumper sticker for you all now. I got a bumper sticker for you,” Biden told the crowd in Danville, Va., on Tuesday.

“Osama bin Laden is dead and General Motors is alive. That’s a bumper sticker. That’s a bumper sticker,” he said, using one of his favorite boilerplate lines. “Kind of sums it up, doesn’t it?”

In January, Biden said he advised Obama against authorizing a raid to kill al-Qaida’s leader, Osama Bin Laden, who was responsible for the Sept. 11, 2001 terrorist attacks.

Biden insisted, however, that the Obama campaign is “about a lot more than bumper stickers” before criticizing Republican presidential nominee Mitt Romney’s time as CEO of Bain Capital. (RELATED: Biden to Virginia crowd: ‘We can win North Carolina again’)

“We’re about STEM education. We’re about making it a priority to couple community colleges and college and universities with retraining programs to prepare workers for decent jobs that — even jobs Romney can’t outsource,” Biden said.

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Nicholas Ballasy