How a Stimulus Plan works. Three contractors are bidding to fix a broken fence at the White House. One is from Chicago, another is from Georgia, 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 Georgia 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 doesnt measure or figure, but leans over to the White House official and whispers, $2,700. The official, incredulous, says, You didnt 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 Georgia to fix the fence. Done, replies the government official. ..... And that is how the stimulus plan works
Posted on: Thu, 16 Jan 2014 16:52:49 +0000
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