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Three contractors bid to fix the broken fence at the White House. One is from Chicago , another is from Tennessee , and the third is from Minnesota .
All three go with a White House official to examine the fence. The Minnesota contractor takes out a tape measure and does some measuring, then works some figures with a pencil. "Well," he says, "I figure the job will run about $1000: $400 for materials, $400 for my crew and $200 profit for me."
The Tennessee contractor also does some measuring and figuring, then says, "I can do this job for $800: $350 for materials, $350 for my crew and $100 profit for me."
The Chicago contractor doesn't measure or figure, but leans over to the White House official and whispers, "$2,800."
The government official, incredulous, says, How did you come up with such a high figure?"
The Chicago contractor whispers back, "$1000 for me, $1000 for you, and I hire the guy from Tennessee to fix the fence."
"Done!" replies the government official.
And that is how the Government stimulus plan works.
All three go with a White House official to examine the fence. The Minnesota contractor takes out a tape measure and does some measuring, then works some figures with a pencil. "Well," he says, "I figure the job will run about $1000: $400 for materials, $400 for my crew and $200 profit for me."
The Tennessee contractor also does some measuring and figuring, then says, "I can do this job for $800: $350 for materials, $350 for my crew and $100 profit for me."
The Chicago contractor doesn't measure or figure, but leans over to the White House official and whispers, "$2,800."
The government official, incredulous, says, How did you come up with such a high figure?"
The Chicago contractor whispers back, "$1000 for me, $1000 for you, and I hire the guy from Tennessee to fix the fence."
"Done!" replies the government official.
And that is how the Government stimulus plan works.