Friday, February 20, 2009

That's So Crazy It Just Might Work

“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!