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.
