In first big 2012 foray, Biden defends auto rescue

JULIE PACE Associated Press Published:

TOLEDO, Ohio (AP) -- Vice President Joe Biden says the verdict is in on the auto bailout: President Barack Obama is right, and the Republicans trying to take his job away were "dead wrong."

In his first major foray of the 2012 campaign, Biden told a union audience in Ohio on Tuesday that the auto industry rescue saved more than a million jobs -- and prevented a new Depression.

Biden spoke at a United Auto Workers hall in Toledo two days after President Barack Obama was in the politically crucial state. Obama took British Prime Minister David Cameron to a college basketball game.

Biden said the willingness of Mitt Romney, Rick Santorum and Newt Gingrich to let Detroit go belly-up shows the bankruptcy of their economic theories. The vice president declared, "If you give any one of these guys the keys to the White House, they will bankrupt the middle class again."

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