This could be the silver lining

Here’s another reason job creation has been slow — some of Corporate America’s big dogs are sitting on piles of cash waiting to make their move.

Check out this story in the Los Angeles Times that talks about how some of America’s largest corporations — including Memphis-based  FedEx — have come out of the recession with plenty of money in the bank.

The question is when will they start to spend? When they do, we should start seeing improvement in the jobless numbers.