[AT] How Stimulus Works
H. L. Staples
hlstaples at mcloudteleco.com
Sat Feb 28 10:00:59 PST 2009
Three contractors are bidding to fix a 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 $900: $400 for materials, $400 for my crew and $100
profit
for me."
The Tennessee contractor also does some measuring and figuring, then says,
"I can do this job for $700: $300 for materials, $300 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, "$2,700."
The official, incredulous, says, "You didn't even measure like the
other guys! How did you come up with such a high figure?"
The Chicago contractor whispers back, "$1000 for me, $1000 for you, and we
hire the guy from Tennessee to fix the fence."
"Done!" reply's the government official.
And that, my friends, is how the new stimulus plan will work.
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