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!" replies the
government official. And that, my friends, is how the new stimulus plan will
work.
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