“I went to parts of Pennsylvania,” the president said, “that used to be big steel towns and now they’re desolate towns and no one had a job and no one has work there.” “That may be true, sir,” Cohn said. “But remember there were towns 100 years ago that made horse carriages and buggy whips. No one had a job either. They had to reinvent themselves. You go to states like Colorado, you’ve got 2.6 unemployment rate because they keep reinventing themselves.”
