Mitt Romney: “Borrow from your parents”

Mitt Romney: “Borrow from your parents”

Mitt Romney’s
advice to young people who want to start a business: 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.

This shows how out of touch with middle America Mitt Romney is. He assumes everyone’s parents have $20,000 of disposable income laying around to loan their children.

I know Mitt’s dad had money – whether he gave any to Mitt or not, Mitt seems to think everyone has at least that laying around.

Another strike out Mitt.