Three contractors are bidding to fix a broken fence at the
White House, one from New Jersey, another from Tennessee and the
third, from Florida.
They go with a White House official to examine the fence.
The Florida 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 New Jersey 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 New Jersey 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, friends, is how it all works!!!