New York Times columnist Thomas Friedman spends a lot of time globetrotting, and when it comes to emerging economies, he seems to always find something to like. In a column  from last week, he used a tongue-in-cheek quote from The Indian Express  as a springboard to launch a broadside regarding US immigration policy. The quote is a comment on how the US could quickly solve its financial crisis:

“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. "

February 16, 2009
URL:http://www.drdobbs.com/architecture-and-design/thomas-friedman-the-pollyanna-of-globali/228700333

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