Joe Biden: Obama administration–not Bush White House–owns the economy’s problems

President Obama's administration has long cited decisions made under George W. Bush as one of the main reasons why today's economy is in such turmoil. But Vice President Joe Biden dismissed that argument Thursday, telling Miami radio station WLRN that's not relevant.

"Even though 50-some percent of the American people think the economy tanked because of the last administration, that's not relevant," the vice president said. "What's relevant is we're in charge."

Biden added that he doesn't blame people who are mad at the administration, and said it is understandable and "totally legitimate" for the 2012 presidential election to be "a referendum on Obama and Biden and the nature and state of the economy."

Listen to the complete audio here via WLRN.