Well, that really hits home in Kokomo, where the old manufacturing sector is shrinking, as it is everywhere where there is a manufacturing sector in this country.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
Indiana Gov. Mitch Pence took a helicopter tour Saturday of damage in Kokomo, Tipton and Elwood.
"My preference is to create one single company, " Marchionne said last Thursday in Kokomo, Ind.
Tell us about that, about that company, why you think it could work in Kokomo.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
And you say that had Chrysler and Delphi closed their plants in Kokomo, it would have been devastating.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
People in Kokomo are adapting, but it is a battle.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
Our first virtual town hall of the hour is in Kokomo, Indiana, population 45, 000, four Chrysler plants, Delphi electronics, manufacturing on a big scale, but in a sector, cars, that's shrinking.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
We're talking about issues raised before the break by people in Kokomo, Indiana, also tackling the related question both here and online, how much can and should the government do to create jobs?
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
You heard those people in Kokomo.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
And Kokomo, anybody in the automobile business has already known, was one of the great auto towns in America -- not only making Chrysler automobiles but Delphi, supplying parts and so many other suppliers, and all the related jobs that go with that.
CNN: Transcript of June 'CNN Money Summit: Money & Main St.'
And nowhere is it written that Kokomo can't be the hub of innovation in emerging industries of the 21st century -- like it was in the 20th century. (Applause.) Nowhere is that written.
And that's why the President in the Recovery Act made sure we helped hard-hit towns like Kokomo.
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