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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnn Romney's tale of 'struggling': We 'learned hard lessons' living off our stock portfolio
by Kaili Joy Gray
You're going to need a hanky for this sob story, as told by Ann Romney back in 1994, of just how hard young Mitt and Ann struggled when they were just starting out:
We were happy, studying hard. Neither one of us had a job, because Mitt had enough of an investment from stock that we could sell off a little at a time.
The stock came from Mitts father. When he took over American Motors, the stock was worth nothing. But he invested Mitts birthday money year to year it wasnt much, a few thousand, but he put it into American Motors because he believed in himself. Five years later, stock that had been $6 a share was $96 and Mitt cashed it so we could live and pay for education.
Let's interrupt this tale of woe for just a minute to reflect on the value of $96-a-share stock back in 1969, when this great triumph over poverty occurred. Andrew Sabl, who dug up this old Boston Globe interview, did some quick calculations to figure out just how "not easy" it was to live off Mitt's stock portfolio:
Amazing they didn't starve to death, isn't it? How ever did they survive? Please, Ann, tell us more:
We were living on the edge, not entertaining. No, I did not work. Mitt thought it was important for me to stay home with the children, and I was delighted.
Right after Mitt graduated in 1975, we had our third boy and it was about the time Mitts first paycheck came along. So, we were married a long time before we had any income, about five years as struggling students.
So the young Romneys, "living on the edge," refused to get jobs, which some people say parents "need to" do to "have the dignity of work," and also to ensure that they don't raise "indolent and unproductive" children.
- more -
http://www.dailykos.com/story/2012/04/16/1083802/-Ann-Romney-s-tale-of-struggling-We-learned-hard-lessons-living-off-our-stock-portfolio-
by Jed Lewison
Mitt Romney, speaking behind closed-doors to high-dollar campaign donors on Sunday in Florida:
"Fox is watched by the true believers," Mr. Romney said. "We need to get the independents and the women."
Poor Mitt. He doesn't understand his problem with the ladies has nothing to do with how he's communicating with them. It's what he's communicating. He just doesn't understand womenthat's why he talks about them as if they were foreign creatures who need to be reported on by his wife. He probably thinks that if only he had a friend who owned a network designed for women that he could do well with them. But really what he should be doing is stop trying to pretend that waging war on birth control coverage has anything to do with religious liberty.
http://www.dailykos.com/story/2012/04/16/1083843/-Mitt-Romney-says-he-needs-a-new-plan-on-how-to-get-the-women-
Poor clueless Rmoney.
Enrique
(27,461 posts)pangaia
(24,324 posts)ProSense
(116,464 posts)"Not very much" money is $377,000 (in today's dollars).
They actually believe that. Rmoney characterized the more than $374,000 he made in speaking fees as "not very much" money.
http://www.democraticunderground.com/1002243282
The Romneys have no clue what that means in real terms.
To a person earning two times the minimum wage, that's an annual income for 14 years, or after taxes enough for more than 19 years.
To millions of Americans that's a lifetime.
hobbit709
(41,694 posts)NJCher
(35,648 posts)Keep talking. You're such a gift.
Tuna! (sob)
No entertaining! (back of hand to forehead)
Cher
Whisp
(24,096 posts)are they really this clueless or are they acting this out?
I think they really are out of touch and to them being without caviar for one day would be just as devastating as not being able to afford taking your child to a dentist.
ProSense
(116,464 posts)is watching people jump through hoops to try to give merit to anything the Romney's say.
catbyte
(34,360 posts)The Romneys give clueless a whole new meaning.
Diane
Anishinaabe in MI & mom to Leo, Sophie, Taz & Nigel, members of Dogs Against Romney, Cat Division
"We ride inside--HISS!
doc03
(35,324 posts)amount of money from speaking fees. I wonder what a few thousand was to him back in the day, then multiply it by 16 it could be millions. I guess that is one of the reasons he won't release any tax returns.
Proud Liberal Dem
(24,402 posts)if I had ever been living off a stock portfolio at any time in my life.
tanyev
(42,541 posts)Ganja Ninja
(15,953 posts)It sounds like Mitt had to drive the same Porsche for 5 years straight. Think of the depravity.
Avalux
(35,015 posts)Hey Ann - living on the edge looks like this:
Single mom, three young daughters, no job, no house, no car, no one to help.
That was me in 1998, just a few years after you and Mitt were struggling so hard to survive. Forgive me if I don't sympathize.
renate
(13,776 posts)I mean, having to sell it off instead of living off the dividends is pretty rough, but that's what an emergency fund of stock is for.
Seriously, though, congratulations on making it through such a difficult situation--I'm sorry you had to do it. It must have been a very lonely feeling.
Taitertots
(7,745 posts)$22,000 today.
handmade34
(22,756 posts)...we took the now-famous loan that Mitt talks about from his father and bought a $42,000 home in Belmont,...We stayed there seven years and sold it for $90,000, so we not only stayed for free, we made money.
...we were married a long time before we had any income, about five years as struggling students..."
she obviously did not know the dignity of real work... no income??? the free money from George Romney was most certainly income!!... and being able to borrow money from him... the Romneys do not understand how most people live and what they have to do to get by... very out of touch with the majority of people...
ProSense
(116,464 posts)every college student's father gives them a house mortgage/rent-free.
The Rmoneys' EDGE! tm
riderinthestorm
(23,272 posts)during the college years (huge wail of grief and horror!)
Honestly, what the fuck. I really mean that. I was pissed yesterday reading this nonsense but it makes me even more pissed today. I was scavenging untouched baked potatoes off customer plates from my waitress job to eat dinner, ramen, pb and j... a tuna noodle casserole was completely beyond my budget in those days. Its just really infuriating to see how the 1% really think they're "suffering".
Bake
(21,977 posts)She's as stupid and out of touch as her vulture capitalist husband. I hope America is listening.
Bake
Initech
(100,059 posts)Fox is watched by people who don't care about facts.
annabanana
(52,791 posts)It's a huge blind spot.
ProSense
(116,464 posts)truly believes he can buy the Presidency.
Scurrilous
(38,687 posts)K & R