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Brilliant idea and great stimulus plan. Obama might want to call this guy.

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Elwood P Dowd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 03:06 PM
Original message
Brilliant idea and great stimulus plan. Obama might want to call this guy.
Edited on Thu Mar-12-09 03:11 PM by Elwood P Dowd
This guy's employees were worried about the economy and their jobs, so he gives them $16,000 in bonuses. It might not sound like much, but in a tiny South Alabama town it makes a difference.

http://www.nbc15online.com/news/local/story/Brewton-Pharmacist-Passes-Own-Stimulus-Plan/Rl54mFVT3UqmVzb1Enh1nQ.cspx

NBC Nightly News video here......

http://www.msnbc.msn.com/id/3032619/vp/29604041#29638895

BREWTON, Ala.) (AP) March 11 - A small-town pharmacist intrigued by the government's economic stimulus plan decided to launch his own version with $16,000 in $2 bills, and area stores have already felt the impact.

Danny Cottrell gave each of his full-time employees $700 and part-timers $300. He asked them to donate 15 percent to charity and spend the rest locally, particularly downtown, where store owners say that business has been lean.

"I wanted to do something for my employees, let them know our business is not in jeopardy, and for the local merchants," said Danny Cottrell, owner of The Medical Center Pharmacy with its main store in Brewton and a second in Atmore. "This seemed like a good way to do it."

Cottrell said he paid his employees with $2 bills so he and the rest of the Escambia County business community could see how the money circulates.

Before he explained the plan to his employees last week, Cottrell said, he couldn't resist creating a little suspense.

<snip>
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 03:10 PM
Response to Original message
1. working link to story
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Elwood P Dowd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 03:12 PM
Response to Reply #1
2. I fixed it. Don't know what happened with that. (nm)
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BuyingThyme Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 03:12 PM
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3. !kcik
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movonne Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 03:14 PM
Response to Original message
4. What a great idea....this helps the town and his employees...
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 03:51 PM
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5. I know the guy....wow....cool of him.
I used to live in Brewton before moving to another small town close by.

I will sent this to our newspaper.

thanks...
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Elwood P Dowd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 03:52 PM
Response to Original message
6. Here is some more info with quotes & pics of some employees holding up their $2.00 bills.
http://blog.al.com/live/2009/03/brewton_pharmacist_launches_ho.html

"I was so worried, I made myself physically sick," said Lana Jackson. "But spending it has been fun. It feels like you are doing a good deed."

Carolyn Kennedy said she was so shocked she couldn't speak at first

"I tell you, I love him like cooked food," said Bobbie Edwards.
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damntexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 04:49 PM
Response to Original message
7. I wonder what the multiplier is on this.
With the $2 bills, it should be possible to figure it out.
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Elwood P Dowd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 07:57 PM
Response to Original message
8. Kick for the night crew. (nm)
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OneGrassRoot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-12-09 08:01 PM
Response to Original message
9. This is wonderful. Thanks for sharing! n/t
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