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
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 runabout $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.