“There’s Obama Economics, which values the role of workers in the success of a business, and values the middle class in the success of the economy. A philosophy that believes everyone deserves a fair shot and a fair shake, and everybody should play by the same rules,” says Biden.

“There’s Romney Economics, which says as long as the government helps the guys at the very top do well, workers and small businesses and communities can be left to fend for themselves,” he continues.

In the speech, Biden focuses on the closing of a steel mill after its purchase by Romney’s former private-equity firm, an issue which the Obama campaign has used to claim that Romney’s work heading Bain hurt American businesses and cost jobs.