(CNN) - Vice President Joe Biden hit back Friday against his Republican counterpart's recent comments about a shuttered General Motors plant–one that Paul Ryan blamed the president for closing.
"But what he didn't tell you is the plant in Janesville, (Wisconsin) actually closed when President Bush was still in office," Biden said to a local United Auto Workers crowd in Lordstown, Ohio. "He didn't tell ya that."
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Ryan took heat for linking Obama to the closure of the plant during his convention speech Wednesday night. Meanwhile fact-checkers, including CNN, have labeled the congressman's comments incomplete.
During his remarks Wednesday, Ryan told a story about then-presidential candidate Barack Obama sharing with Wisconsin auto workers his hope that government could help keep their plant open. In his speech, Ryan quoted Obama as saying, "If our government is there to support you ... this plant will be here for another hundred years."
Ryan added: "That plant didn't last another year. It is locked up and empty to this day."
The plant was shut down just over a year later, but the decision to do so occurred in June 2008, prior to Obama winning election to the White House. It officially closed its doors in April 2009, a few months into Obama's first term. So Biden, saying the plant "closed down" under Bush, was also not fully correct.
Ryan defended his comments Thursday, saying he wasn't accusing Obama of closing the factory, but trying to paint a picture of what he called the "Obama economy."
"It's still idle," Ryan said on CNN's "The Situation Room with Wolf Blitzer." "The point is this is a story of the Obama economy: A man running for president in 2008 making all these grand promises and then none of them occurring."
Biden, however, took the opportunity Friday to use Ryan's comments as a way to attack the GOP ticket on the so-called auto bailout. The vice president pointed to Romney's well-known opposition to the federal loans–an opinion Romney made public in a now-infamous New York Times op-ed, titled "Let Detroit Go Bankrupt."
"What (Republicans at the convention) didn't say is–but for the sacrifices you all made and the courage of the president of the United States–all those General Motors plants would have closed," Biden said. "General Motors wouldn't have been reorganized. It would have been liquidated. Along with Chrysler."
Continuing the offensive, Biden pivoted and began attacking Romney over his former private equity firm, Bain Capital.
"You know, he is absolutely against the federal government or any government using funds to save jobs, to save industries," Biden said. "He says it's bad business, except when it comes to his business."
The vice president referred to a recent Rolling Stone report that details a $10 million loan the government retired for Bain through the Federal Deposit Insurance Corporation (FDIC).
"While taxpayers did not finance the bailout, the debt forgiven by the government was booked as a loss to the FDIC – and then recouped through higher insurance premiums from banks. And banks, of course, are notorious for finding ways to pass their costs along to customers, usually in the form of higher fees," the article stated.
Citing the report, Biden further used the incident as grounds for charging Romney with hypocrisy.
"It was one thing when a million middle class jobs were on the line. It was another when his own financial interests were on the line," Biden said. "And, now, they say they care about the middle class?"
A spokesman for Ryan responded to Biden's remarks.
“The Vice President can’t answer for this administration’s unfulfilled promises and failed record. The President inherited a troubled economy, but he’s not made it better – he’s made it worse, with fewer jobs and lower incomes for middle-class families. Like many towns across America, Janesville, Wisconsin is still waiting for the recovery the President promised," Brendan Buck said in a statement.