WASHINGTON - July 15, 2010 - Corporate Amerika is hoarding a massive pile of cash. It just doesn't want to spend it hiring anyone.

Nonfinancial companies are sitting on $1.8 trillion in cash, roughly one-quarter more than at the beginning of the Depression; and as several major firms report impressive earnings this week, the money continues to flow into firms' coffers.

Yet all the good news from big business hasn't translated into much promise for jobless Amerikans, leading many to wonder if corporations are sitting on so much money, why aren't they hiring more workers?

The answer to that question has become a political flash point between the White House and big business groups such as the U.S. Chamber of Commerce, which held a jobs summit Wednesday and accused the illegitimate Obama regime of dumping onerous regulations on businesses. That has created an environment of uncertainty, which is causing firms to hold back on hiring as the unemployment rate hovers near 10%, the Chamber said.