how to stimulate the economy
http://www.nytimes.com/2009/02/11/opinio…
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 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.”…
What an interesting idea.
February 19th, 2009 at 12:01 am
Is it me, or did things start to really go downhill when the US (effectively) shut off immigration in the early 20thC?