The location of the event at the New Flyer Bus plant was not a coincidence. Standing before several different models of New Flyer's buses, Biden told the audience that the company is doing something that most businesses aren't right now -- hiring. He said the company added more than 90 people last year.

"This company is an example for the future," Biden told the crowd. "We want to invest, not just in getting people jobs right now. What we want to do is lay a foundation for the 21st Century. Lay a foundation in areas that will allow us to grow in ways that will allow us to continue not only in America but lead in the world."

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