Steve Cohen: “You mention on there--I looked at your chart--education. Part of the American Jobs Act is to rebuild our schools and to…”

“You mention on there--I looked at your chart--education. Part of the American Jobs Act is to rebuild our schools and to go to work and make them structurally sound and also energy efficient. When you look at labor, it's work. The labor movement has been attacked all over this country, and it's labor who's created the middle class and seen to it they got good jobs and opportunities and wages and benefits. In my community, we just had a grocery store taken over by a large national grocery store. A grocery store from another city had come in and taken over some local owners. One man worked there for 44 years. He'd been making $9.85 an hour and working 40 hours a week. They came in and said, You can work 16 hours. You'll get $7.50 an hour. You won't get your benefits that you had accumulated, and you'll go to another store. He quit. They did a lot of employees that way. What happened yesterday? Help inform me. Because I heard this, and it's difficult to believe: Bank of America, did they make something like $7 billion last year? And how many people did they lay off yesterday? {time} 1550”