The other day, Herman Cain said: "If you don’t have a job and you’re not rich, blame yourself."
Oh really? And how, exactly, does Herman Cain think unemployed people are supposed to find work? Laura Clawson from DailyKos passed this along:
Here are the facts: This morning, the Bureau of Labor Statistics (BLS) released new data from the Job Openings and Labor Turnover Survey showing that there were nearly 3.1 million job openings in August. However, we know from other BLS data that there were 14 million unemployed workers in August. In other words, there were nearly 11 million more job seekers than job openings.
By the way, corporations could always use the record high $2 trillion in cash funds that they're currently and literally hoarding in order to invest in new jobs. But they're not. Obviously. So just how will a tax cut convince them to hire if the $2 trillion they have already isn't being spent? It won't. The only solution for jump starting the economy is more stimulus spending, and, specifically, the American Jobs Act, which will create 1.9 million new jobs and a two point bump in GDP. Oh, but the Republicans filibustered it, so never mind.
I'm sure Herman Cain will come up with some sort of witty zinger to explain this away. And I'm sure it'll be as stupid as 9-9-9 or "blame yourself."