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

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.