Obama is restating what Springsteen told us years ago.

Well my daddy come on the Ohio works
When he come home from world war two
Now the yards just scrap and rubble
He said, "Them big boys did what Hitler couldn't do"
These mills they built the tanks and bombs
That won this country's wars
We sent our sons to Korea and Vietnam
Now we're wondering what they were dyin' for

Here in Youngstown
Here in Youngstown
My sweet Jenny, I'm sinkin' down
Here darlin' in Youngstown

From the Monongaleh valley
To the Mesabi iron range
To the coal mines of Appalacchia
The story's always the same
Seven-hundred tons of metal a day
Now sir you tell me the world's changed
Once I made you rich enough
Rich enough to forget my name

The poets have known for years, and it's good to finally have a leader willing to look it in the eye.