Friday, January 30, 2009

Obama's Bailout Plan Explained

Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort.

He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.

The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf. In the absence of the man, the assistant told the villagers: "Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each." The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars. They never saw the man or his assistant again, only lots and lots of monkeys!
Now you have a better understanding of how the BAILOUT PLAN WILL WORK !!!!


Anonymous said...

This has to be the most stupid post I've ever seen. What a dope. Don't quit your day job.

Anonymous said...

So can you maybe expand a little bit on WHY it's stupid? Seems like a pretty on-target bit of satire to me.

Anonymous said...

There is only a big difference between the monkey sale and the stimulus. Directed funds leave the public with something to show for it as well as cash in the peoples pocket as are builders, contractors, doctors, nurses, etc. These smaller breakdowns of salary re-stimulate the economy when spent for household expenses and parts pay grocery clerks, power company lineman, phone company workers, gas station attendents as well as farmers, oilmen, coal company workers and owners. Those who earn enough and pay the bills stimulate the economy and in the future, the ability to save returns, bailing out banks and paying down credit as well as borrowing. Again, the people making even more invest in companies and then they can finally spend on let's hope hiring the american worker, not taking the business elsewhere by hiring foreign workers here to teach them to manage and send them home with the companies.

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