“All you need to do is grant visas to two million Indians, Chinese, and Koreans. We will buy up all the subprime homes. We will work 18 hours a day to pay for them. We will immediately improve your savings rate — no Indian bank today has more than 2 percent nonperforming loans because not paying your mortgage is considered shameful here. And we will start new companies to create our own jobs and jobs for more Americans.”
-Shekhar Gupta, Editor The Indian Express
It's a lot cheaper than trillions of dollars worth of bailouts, welfare, and endless spending plans!
H/T to Don Luskin
Have a great weekend!