Sen. Joe Biden (D-Del.) Speaks on the Economy

Saint Clair Shores, Michigan

SPEAKER: SEN. JOSEPH R. BIDEN JR., D-DEL.

[*] BIDEN: Eight years ago, a man ran for President who claimed he was different, not a typical Republican. He called himself a reformer. He admitted that his Party, the Republican Party, had been wrong about things from time to time. He promised to work with Democrats and said he'd been doing that for a long time.

That candidate was George W. Bush. Remember that? Remember the promise to reach across the aisle? To change the tone? To restore honor and dignity to the White House?

We saw how that story ends. A record number of home foreclosures. Home values, tumbling. And the disturbing news that the crisis you've been facing on Main Street is now hitting Wall Street, taking down Lehman Brothers and threatening other financial institutions.

We've seen eight straight months of job losses. Nearly 46 million Americans without health insurance. Average incomes down, while the price of everything -- from gas to groceries -- has skyrocketed. A military stretched thin from two wars and multiple deployments.

A nation more polarized than I've ever seen in my career. And a culture in Washington where the very few wealthy and powerful have a seat at the table and everybody else is on the menu.