Bank of America Could Cut 40,000 Jobs -- Would Take Quite A Few New Hirings Elsewhere To Offset That -- Obama's Half-Trillion Dollar Teachers' Jobs Will Help

Link here: California will probably be hit the hardest; one of six BofA employees is in California.

Link here.

Bank of America Corp officials have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, the Wall Street Journal said, citing people familiar with the plans.
The number of job cuts are not final and could change. The restructuring aims to reduce the bank's workforce of 280,000 over a period of years, the Journal said.

Link here.

With the national debt already increasing $3 million every minute of every day, Obama wants to repair and modernize 35,000 schools. Obama wants $35 billion to go toward salaries for teachers, firefighters, and police.