President Barack Obama shakes hands with House Speaker John Boehner as Vice President Joe Biden applauds before Obama speaks to a joint session of Congress at the Capitol in Washington, Thursday, Sept. 8, 2011. (AP Photo/Evan Vucci) The Associated Press Rep. Eric Cantor, R-Va., looks on as Speaker of the House Rep. John Boehner speaks after a Republican caucus meeting on Capitol Hill on Thursday, Sept. 8, 2011, in Washington. (AP Photo/Evan Vucci) The Associated PressWASHINGTON (AP) — Vice President Joe Biden says the Obama administration is willing to compromise with Republicans on a job-creation program if they come up with "a better idea."At the same time, Biden says the administration is "not prepared to compromise in terms of doing nothing." He says many Americans "are hanging on the edge" and Washington must help.Biden appeared on a morning television show a day after President Barack Obama proposed a nearly $450 billion program to attack chronic high unemployment.House Republican leader Eric Cantor says he believes the GOP can work with the Democrats to act fairly soon. Appearing with Biden on CBS's "The Early Show" Friday, the Virginia Republican also says his party will compromise so long as the president doesn't insist on an "all-or-nothing" approach.