In a small town in the United States, the little town looks almost totally deserted. It is tough times, everybody is in debt, and everybody lives on credit.
Suddenly, a rich tourist comes to town.
He enters the towns only hotel, lays a 100 Dollar Bill on the reception counter as a deposit, and goes to inspect the rooms upstairs in order to pick one.
The hotel proprietor takes the 100 Dollar Bill and runs to pay his debt to the butcher.
The Butcher takes the 100 Dollar Bill, and runs to pay his debt to the pig farmer.
The pig farmer takes the 100 Dollar Bill, and runs to pay his debt to the supplier of his feed and fuel.
The supplier of feed and fuel takes the 100 Dollar Bill and runs to pay his debt to the town's prostitute that in these hard times, gave her "services" on credit.
The hooker runs to the hotel, and pays off her debt with the 100 Dollar Bill to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.
The hotel proprietor then lays the 100 Dollar Bill back on the counter so that the rich tourist will not suspect anything.
At that moment, the rich tourist comes down after inspecting the rooms, and takes back his 100 Dollar Bill, saying that he did not like any of the rooms, and leaves town.
No one earned anything.......... However, the whole town is now without debt, and looks to the future with a lot of optimism..
And that, ladies and gentlemen, is how the United States Government under President Barack Hussein Obama and the State of California under Governor Arnold are doing business today and actually in California for a long time already.
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3 comments:
You didn't mention whether any of them had a SBA loan, Bob.
Actually that town is doing perfectly well without money. Keep in mind that money (and the economy and everything else in this vein) is just an approximation for the value of goods and services produced by some and needed/wanted by others.
The problem occurs whenever one group thinks that their good or service is worth more than it is. Because that good is needed (oil) then everyone else has to give up other goods and services to pay for the needed one. Then we get crap like we have now, when a family can't make enough money to pay for the gas they need to get to work... then they go on welfare and don't produce anything yet still get value from that lack of usefulness.
Bob sounds like guy that would eliminate his own job for the "good" of the company. Bob, Warren Buffet, you ain't
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