Shekhar Gupta – of the Indian Express Newspaper – explains how Asia can help America with their economic woes …
“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.”
Genius. And probably quite right.