America's Coolest Towns: Budget Travel Magazine (VIDEO)

With the recession cutting deep into people's pockets, Budget Travel magazine has scaled things down with their list of America's Coolest Towns. They conducted a poll in which over a 100,000 small town residents participated and the magazine unveiled the results on CBS's "The Early Show."

Since the word cool is of course highly subjective, the magazine listed three markers that were good indicators of how cool a town is:

- You have to be able to get a good cup of coffee

- When people leave for the big city, they realize they've made a mistake and come back home

- You'll see more art galleries than country stores. "This is not quaint America," Willdorf remarked to co-anchor Harry Smith." "This is cool America!" Smith quipped.

Read the story from CBS here to get the results of the poll.

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Watch the results unveiled on "The Early Show"