When I first moved to Chicago -- before any of the students in this room were born -- (laughter) -- and a whole lot of people who are in the audience remember me from those days, I lived in a community on the South Side right up the block, but I also worked further south where communities had been devastated by some of the steel plants closing.

WHITEHOUSE: President Obama Speaks on Building Ladders of Opportunity into the Middle Class | The White House

You may remember what it was like back in those days.

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It's important to remember that very few people paid any federal income taxes in those days.

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Good roads exist only in the memory of those old enough to remember better days.

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