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Topic: Understanding the Stimulus Bill

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Understanding the Stimulus Bill

Posted: 2/16/09 7:48pm Message 1 of 1
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 Explanation of stimulus bill
>

>
> Shortly after class, an economics student approaches his economics
professor
> and says, "I don't understand this stimulus bill.  Can you explain it
to
> me?"
>
>
>
> The professor replied, "I don't have any time to explain it at my
office,
> but if you come over to my house on Saturday and help me with my
weekend
> project, I'll be glad to explain it to you." The student agreed.
>
>
>
> At the agreed-upon time, the student showed up at the professor's
house.
> The professor stated that the weekend project involved his backyard
pool.
>
>
>
> They both went out back to the pool, and the professor handed the
student a
> bucket.  Demonstrating with his own bucket, the professor said,
"First, go
> over to the deep end, and fill your bucket with as much water as you
can."
> The student did as he was instructed.
>
>
>
> The professor then continued, "Follow me over to the shallow end, and
then
> dump all the water from your bucket into it." The student was
naturally
> confused, but did as he was told.
>
>
>
> The professor then explained they were going to do this many more
times, and
> began walking back to the deep end of the pool.
>
>
>
> The confused student asked, "Excuse me, but why are we doing this?"
>
>
>
> The professor matter-of-factly stated that he was trying to make the
shallow
> end much deeper.
>
>
>
> The student didn't think the economics professor was serious, but
figured
> that he would find out the real story soon enough.
>
>
>
> However, after the 6th trip between the shallow end and the deep end,
the
> student began to become worried that his economics professor had gone
mad.
> The student finally replied, "All we're doing is wasting valuable time
and
> effort on unproductive pursuits.  Even worse, when this process is all
over,
> everything will be at the same level it was before, so all you'll
really
> have accomplished is the destruction of what could have been truly
> productive action!"
>
>
>
> The professor put down his bucket and replied with a smile,
> "Congratulations.  You now understand the stimulus bill."

             

 




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