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Fri Apr 27, 2012, 04:54 PM

Romney’s Advice To Students: Borrow Money From Your Parents

Romney’s Advice To Students: Borrow Money From Your Parents

By Annie-Rose Strasser

If you’re young and you want to start your own business, Mitt Romney’s has some advice from you: Borrow money from your parents. At a “lecture” for students at Otterbein University in Ohio today, Mitt Romney told students that, his friend, Jimmy John, started a business by borrowing $20,000 from his parents at a low interest rate. Romney suggested anyone in the audience could do the same:

This kind of devisiveness, this attack of success, is very different than what we’ve seen in our country’s history. We’ve always encouraged young people: Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business.

Watch it:



The advice fits right into the characterization that Romney is ‘out of touch’ with regular people. Most students don’t have parents with $20,000 in disposable capital sitting around to give to their kids to start a business.

At least it’s more than Romney’s surrogates had to offer young people on their youth policy conference call this week.

http://thinkprogress.org/special/2012/04/27/473096/romney-borrow-money-parents/


Better yet, dig into your stock portfolio: http://www.democraticunderground.com/1002573517

He's clueless in an awkward fist bump kind of way.



http://www.democraticunderground.com/101724606

http://www.democraticunderground.com/1002617056



23 replies, 2361 views

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Arrow 23 replies Author Time Post
Reply Romney’s Advice To Students: Borrow Money From Your Parents (Original post)
ProSense Apr 2012 OP
Liberal_in_LA Apr 2012 #1
monmouth Apr 2012 #2
Swede Apr 2012 #3
11 Bravo Apr 2012 #4
bluedeminredstate Apr 2012 #5
tanyev Apr 2012 #6
Enrique Apr 2012 #12
cali Apr 2012 #7
gratuitous Apr 2012 #8
freshwest Apr 2012 #23
stlsaxman Apr 2012 #9
AsahinaKimi Apr 2012 #10
Enrique Apr 2012 #11
hifiguy Apr 2012 #13
Yavin4 Apr 2012 #14
JoePhilly Apr 2012 #15
Spazito Apr 2012 #16
PearliePoo2 Apr 2012 #17
hedgehog Apr 2012 #18
Turbineguy Apr 2012 #19
Cali_Democrat Apr 2012 #20
smirkymonkey Apr 2012 #21
bluesbassman Apr 2012 #22

Response to ProSense (Original post)

Fri Apr 27, 2012, 04:55 PM

1. also, spend a few years traveling about Paris. Build an elevator for your cars while you are at it.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:00 PM

2. This is the first of many gaffes he will make from now until November. Let's enjoy the ride..n/t

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:00 PM

3. Or sell one of your Cadillacs?

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:01 PM

4. Wait, you mean EVERYBODY'S parents aren't millionaire CEOs of American Motors?

Damnit!! Why wasn't I informed of this? I think I need to fire someone!!

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:01 PM

5. After spending every bit of disposable income on college

who has that kind of cash laying around to loan to their kids? I certainly don't so I hope my soon-to-be-graduate thinks Romney is a horse's ass.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:05 PM

6. "If they don't have enough money on hand, tell them to sell off some of their stock holdings."

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Response to tanyev (Reply #6)

Fri Apr 27, 2012, 05:11 PM

12. or draw on their Cayman Island stash n/t

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:06 PM

7. fuckwad.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:07 PM

8. And if you don't have bread

You can always eat cake!

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Response to gratuitous (Reply #8)

Fri Apr 27, 2012, 05:33 PM

23. My parents were both long dead by the time I went to college, and didn't leave much bread, either.

Thanks to Democrats there were Pell Grants to take some of the cost off me. Romney doesn't get it!!!

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:08 PM

9. "i was with a guy called Jimmy John... you know Jimmy John?"

uh... yeah. and i used to buy his sandwiches. until now.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:09 PM

10. Clearly clueless and out of touch.

Totally.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:10 PM

11. take a risk! says Romney

http://www.democrats.org/news/blog/romneys_sweet_bain_capital_no_risk_job

“Bain sweetened the offer. He guaranteed that if the experiment failed, Romney would get his old job and salary back, plus any raises handed out during his absence. Romney had one more concern: the impact on his reputation should he prove unable to do the job. In the end, Bain agreed to craft a cover story if necessary, promising to bring Romney back to the consulting firm and explain Romney's return as a matter of his being more valuable to Bain as a consultant. ‘So,’ Bain says, ‘there was no professional or financial risk.’"

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:12 PM

13. Truly, the mind shrivels at how removed

from reality Willard is.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:15 PM

14. If Your Parents Can Backstop You Financially, You Really Aren't Taking A Risk

Your parents are, but not you.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:15 PM

15. I'd rip him a new ass with my personal story ...

My parents had no money to lend me. No home equity. No rich relatives.

Yet I was at the top of my class and was accepted to an expensive private school. Reagan decided that this was a good time to remove the interest deductions on credit cards and student loans ... my primary means of paying for school.

I did receive a few small pell grants and stafford loans ... the GOP HATES those because they help a lower middle class kid go to a better school.

I received a BS, then an MA, then a PHD ... first person in my family to get a single college degree.

Paid off my loans. And I now make enough income such that I pay more in federal taxes a year, than my mother ever made in a year.

Mitt HATES that. Some kid like me who was just above poor can compete with his kids.

When Mitt says "shop around" or "borrow from your parents" ... what he means is "know your place, its not up HERE with me and my kids."

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:17 PM

16. Geez, he really does live in a world of his own...

one where reality is completely non-existent.

and

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:20 PM

17. I was soooooo hoping he would do this....

So far.....so good!!

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:20 PM

18. We can understand how he lives, but he has no idea how we live!

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:23 PM

19. I can't lend my kids money right now.

Several of my Wife's Cadillacs need an elevator first. Besides, if I gave them money, they'd lose their foodstamp eligibility.

Also, WTF are they doing in college anyway? The world needs ditchdiggers too!

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:25 PM

20. He doesn't even realize many parents don't have 20k to lend?

Most parents aren't as rich as Romney's daddy was.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:25 PM

21. ...and just live off your trust fund until you graduate.

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Response to ProSense (Original post)

Fri Apr 27, 2012, 05:30 PM

22. When was that Mitt, 1971? $20,000 won't start nothing today. Well maybe an Amway distributorship.

Ever hear of undercapitalised Mitt? Of course you haven't. You've never worried abut funds a day in you life.

Tool.

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