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Economics Professor explains the 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."
17 comments from 11 users
1
posted by
paxchristi3
on Feb 24, 2009 at 05:53 PM
Here's another one making the rounds ... Stimulus Payment Info "This year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain using the Q and A format: Q What is an Economic Stimulus Payment? A It is money that the federal government will send to taxpayers. Q Where will the government get this money? A From taxpayers. Q So the government is giving me back my own money? A Only a smidgen. Q What is the purpose of this payment? A The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy. Q But isn't that stimulating the economy of A Shut up. Below is some helpful advice on how to best help the If you spend that money at Wal-Mart, all the money will go to If you spend it on gasoline it will go to the Arabs. If you purchase a computer it will go to If you purchase fruit and vegetables it will go to If you buy a car it will go to If you purchase useless crap it will go to If you pay your credit cards off, it will go to bank management bonuses and they will hide it offshore. Same with stock investment. posted by
AudreyB
on Feb 24, 2009 at 06:02 PM
posted by
Wayfarer
on Feb 24, 2009 at 06:12 PM
posted by
ronmexico
on Feb 24, 2009 at 08:20 PM
Why don't you two quit looking to comedians for an answer and just read the darn bill yourselves. 30 million to "save" a salt water tit mouse in San Francisco. One page down, twelve hundred more to go...Then it will be on to the mortgage bill where I will learn just how many irresponsible mortgage holder I will be bailing out... posted by
drilnliftcrude
on Feb 24, 2009 at 08:50 PM
Next we'll be hearing Obama taking credit for making stocks "the most affordable they've been in years". posted by
paxchristi3
on Feb 24, 2009 at 09:16 PM
Those with matriculas will be -- what's Spanish for "thrilled"? -- that there's some goodies for them as well: http://www.wnd.com/index.ph... posted by
VirgilAnderson
on Feb 24, 2009 at 09:41 PM
There's this, too! Anyone catch the Presidential address this evening? I listened to it. It was refreshing to hear the President deliver a speech that sounded like he at least read over it a couple of times before giving it. --virgil posted by
VirgilAnderson
on Feb 24, 2009 at 09:45 PM
Always remember, you guys, render unto Caesar what is Caesar's ... the other stuff ( the needs of your neighbor and community) is about God. But, of course, act against injustice within the system where you see it. Our political system is such that it allows and, indeed, obligates the christian to act to help relieve those who are in pain, and to provide comfort to those who are imprisioned. It's a little different now than it was when those words were first used. We don't have to be so fatalistic about it because it's not just Caesar's anymore. --virgil posted by
catpaw
on Feb 24, 2009 at 11:41 PM
Yeah, I caught the speech. I agree it was refreshing to hear an articulate speaker. The only criticisms of note I heard from commentary afterward was that he was not specific about bailing out financial institutions, which may keep Wall Street jittery. He did acknowledge the anger of the American people bailing out banks and explained why it had to be done, and what conditions bailout funds would be distributed. But he was addressing the American people more than the congress. He did define the problems facing his administration and the country and said what he intends to do about them, albeit in a cursory fashion. Early polls say over 50% of the public feel hopeful and confident that the economy will get better. (20-something percent said no change; 20-something percent said the financial crisis will get worse.) One talking head said that Obama's facts were accurately related. I guess we could argue that "America invented the automobile" was false--it was Benz of Germany--unless we want to debate the context of "inventing" the car. Henry Ford certainly innovated the manufacture of it. His statement that his stimulus will "create or save 3.5 million jobs" sounded overstated. The goverment accounting office says 1.5 million new jobs are a more realistic figure. How does one calculate how many jobs will be saved. The camera showed John McCain standing and applauding the president when Obama covered the topic of schools and education. I learned that congressmen are seated on a first-come basis; executive and judicial members get the front rows. One congressman grabbed an isle seat at 8 AM and sat there the whole day. (Nothing said about how he went to the bathroom or ate lunch.) Apparently, being able to shake the president's hand as he walked down the aisle was an important photo op for the congressman. Other congressmen got a seat hours before the address. Whether the president's motives were to reassure Americans, explain his position, or score political points, I think he accomplished all he intended. posted by
catpaw
on Feb 24, 2009 at 11:46 PM
By the way, Way: Socks the Clinton cat died. What's going to happen to him? Do cats have souls? posted by
donmason
on Feb 25, 2009 at 10:06 AM
Funny post. Thanks for the laugh this morning.
“If you spend it on gasoline it will go to the Arabs.”
Actually, we buy only about one third of our oil imports from Arab nations. Here’s our top 15 suppliers, in thousands of barrels per day.
CANADA 2,532 SAUDI ARABIA 1,514 MEXICO 1,406 VENEZUELA 1,236 NIGERIA 827 ALGERIA 677 IRAQ 476 ANGOLA 450 RUSSIA 450 VIRGIN ISLANDS 338 KUWAIT 292 BRAZIL 285 ECUADOR 229 UNITED KINGDOM 224 COLOMBIA 176
2.959 million barrels from Arab Nations
8.153 million barrels from non Arab nations posted by
mattloch
on Feb 26, 2009 at 07:02 AM
Ronmexico: "30 million to "save" a salt water tit mouse in San Francisco. One page down, twelve hundred more to go...Then it will be on to the mortgage bill where I will learn just how many irresponsible mortgage holder I will be bailing out..." Lies. No money for a mouse, no money for a maglev train between Vegas and Disneyland. posted by
randomfactor
on Feb 26, 2009 at 08:34 AM
They don't care, Mattloch. Lies are all the right wing has left. . What's going to happen to him? Do cats have souls? Cats have souls. This makes them one-up on Republican politicians. posted by
randomfactor
on Feb 26, 2009 at 08:37 AM
Why don't you two quit looking to comedians for an answer and just read the darn bill yourselves. Functional illiteracy. posted by
learnem
on Feb 26, 2009 at 08:44 AM
trust me you neo-marxists..you don't want to read the entire bill...not that you have, as i have....very wasteful...in 2 years...when we are really in the economic crapper, and food is so expensive because of inflation due to the monoply TARDs printing money, i will re-energize this blog so that you, if you still have electricity, can read how right people NOT like you were...enjoy your moment in time, because it wont last long BTW...how wrong is it in the belief that one group of people are always wrong, and one is always right? posted by
learnem
on Feb 26, 2009 at 08:48 AM
By the way, Way: Socks the Clinton cat died. What's going to happen to him? Do cats have souls?
maybe he got ahold of that cigar?? I wonder if Bill ever smoked that cigar? posted by
randomfactor
on Feb 26, 2009 at 08:53 AM
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