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Fri Apr 27, 2012, 04:17 PM

Romney’s Advice To Students: Borrow Money From Your Parents [View all]





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.


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.

<SNIP>

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




Note: Bolding is mine for emphasis.

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Reply Romney’s Advice To Students: Borrow Money From Your Parents [View all]
Tx4obama Apr 2012 OP
montanacowboy Apr 2012 #1
Bicoastal Apr 2012 #2
Indianademocrat91 Apr 2012 #3
gateley Apr 2012 #4
hlthe2b Apr 2012 #5
enough Apr 2012 #6
AsahinaKimi Apr 2012 #10
HereSince1628 Apr 2012 #7
dixiegrrrrl Apr 2012 #16
HereSince1628 Apr 2012 #17
dixiegrrrrl Apr 2012 #18
HereSince1628 Apr 2012 #19
PearliePoo2 Apr 2012 #8
Tx4obama Apr 2012 #9
WingDinger Apr 2012 #11
Dont call me Shirley Apr 2012 #12
SheilaT Apr 2012 #13
Iliyah Apr 2012 #14
Clouseau2 Apr 2012 #15
Tx4obama Apr 2012 #20
Left Coast2020 Apr 2012 #21
jb5150 Apr 2012 #22