This modern day parable, repeated below, was sent to me this weekend by T.D., friend of this blog. It is very illustrative to how things work in Wasting-a-ton, D.C.!
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.
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." Minnesota
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." Tennessee
contractor doesn't measure or figure, but leans over to the White House official and whispers, "$2,700." Chicago
The official, incredulous, says, "You didn't even measure like the other guys! How did you come up with such a high figure?"
Chicagocontractor whispers back, "$1000 for me, $1000 for you, and we hire the guy from to fix the fence." Tennessee
"Done!" replies the government official.
And that, my friends, is how the new stimulus plan works.