Thursday, March 12, 2009

This Guy Has the Guaranteed Solution to Our Economic Crisis

I regret to say that I don't know where this came from.

"Leave it to a brainy Indian to come up with the cheapest and surest way to stimulate our economy: Immigration.

"All you need to do is grant visas to two million Indians, Chinese, and Koreans," said Shekhar Gupta, editor of 'The Indian Express' newspaper. "We will buy up all the subprime homes. We will work 18 hours a day to pay for them. We will immediately imrpove your savings rate -- no Indian bank today has more than 2 percent nonperforming loans because not paying yourmortgage is considered shameful here. And we will start new companies to crate our own jobs an jobs for more Americans."

Problem solved! The real joke is: He's almost certainly right! And of course, it will never happen, which underlines the constraints prejudice, nutty economic theories, and shortsightedness place on our future.

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