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DefenseLawyer

(11,101 posts)
Mon Apr 30, 2012, 02:31 PM Apr 2012

Romney: College students should borrow from their parents and start a business

Seriously. This is not an SNL skit. That's what Mitt Romney told a group of college students. If you are worried about a job after college, borrow $20,000 or $30,000 from your parents and start a business. My father was dead so I really couldn't ask him, but I really missed the boat not asking my mom who went back to work when he died and worked as a secretary til she was 70 where she was hiding all that loot for my small business. I should have mentioned in the letters with the money from my part-time job that I sent back home to her to help with her bills. My mistake. I've heard Mitt Romney say a lot of incredibly stupid things, but this has to be the stupidest. How could he be so stupid as to actually believe this is real advice for normal people? Just as importantly, even if he thinks that sounds reasonable, how could the campaign be so incompetent as to let him say it in public?

26 replies = new reply since forum marked as read
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Romney: College students should borrow from their parents and start a business (Original Post) DefenseLawyer Apr 2012 OP
Too bad, I already tapped them out for the golf Raven Apr 2012 #1
Mine is helping me build my very first car elevator LynneSin Apr 2012 #11
Which Cadillac are you gonna take out for a spin? Initech Apr 2012 #15
This mother fucker is so tone deaf cindyperry2010 Apr 2012 #2
So from whom do the parents borrow? tabatha Apr 2012 #3
some have taken out 2d mortgages panopeagenerosa Apr 2012 #5
Parents are not banks! liberal N proud Apr 2012 #4
In his world all parents have spare money laying around Marrah_G Apr 2012 #6
Even if he doesn't know how most people live DefenseLawyer Apr 2012 #9
I think he really doesn't renate Apr 2012 #12
It's not even about people "living on the edge" DefenseLawyer Apr 2012 #13
In my family I am the first person to go on to college. Kalidurga Apr 2012 #7
Hey, Romney's lived through some tough times. trotsky Apr 2012 #8
you know, I just had an idea about what Mitt and Ann might think about their days as poor students renate Apr 2012 #14
Two Americas DefenseLawyer Apr 2012 #16
This man is almost unbelievably out of touch. marmar Apr 2012 #10
I just asked my elderly mom to buy me a franchise. woo me with science Apr 2012 #17
So bush economics all over, we tried this in the 2000s Johonny Apr 2012 #18
So if there's a family of four kids like Romney's that's a total loan of $120,000.00 aint_no_life_nowhere Apr 2012 #19
Mom, can I borrow $20?..I'm gonna start a business.. SoCalDem Apr 2012 #20
The video of Romney's stupid comment Oilwellian Apr 2012 #21
yea, my dad died at 46, leaving mom w/5 kids...fuck you mitt spanone Apr 2012 #22
If the Dems fail to exploit this, they're as useless as Willard Rmoney! Bozita Apr 2012 #23
It certainly captures his world view and his utter stupidity in one convenient location DefenseLawyer May 2012 #25
Same way they let him say some of the same shit about golf over here. lonestarnot May 2012 #24
Out of Touch erpowers May 2012 #26

cindyperry2010

(846 posts)
2. This mother fucker is so tone deaf
Mon Apr 30, 2012, 02:32 PM
Apr 2012

and just does not get that there are REAL POOR FOLKS in this country oh I forgot HE"S NOT CONCERNED. DOESN'T EVERYBODY HAVE A ELEVATOR IN THEIR HOMES FOR THEIR CARS? Godamnit he is so clueless

 

panopeagenerosa

(44 posts)
5. some have taken out 2d mortgages
Mon Apr 30, 2012, 02:41 PM
Apr 2012

to fund their child's college education and then lost the house. But I think what Romney means is that if your parents don't have the cash (stocks, bonds etc.) to fund your college education then you don't belong in college.

 

DefenseLawyer

(11,101 posts)
9. Even if he doesn't know how most people live
Mon Apr 30, 2012, 03:42 PM
Apr 2012

He's got to know they don't live like that. It just boggles the mind.

renate

(13,776 posts)
12. I think he really doesn't
Mon Apr 30, 2012, 03:48 PM
Apr 2012

I think he honestly doesn't know that there are people in this country who are living so close to the edge that they can't even manage to save, say, $10 or $20 a month for a rainy-day fund, let alone get five-figure loans from their parents. It's so vastly different from anything he's ever experienced that he would just say those people should work harder, or... well, I don't know what he'd say, because I don't think he'd believe it, except maybe as an intellectual exercise--not as a truth about millions of Americans' lives.

I don't necessarily blame him for that failure of imagination--I can't fully imagine what it'd be like to be a ragpicker on the outskirts of Calcutta, no matter how many books I read or documentaries I watch--but he simply shouldn't run for the presidency of a country where increasing numbers of people are living like that unless he's genuinely concerned about making their lives better. And he certainly isn't.

 

DefenseLawyer

(11,101 posts)
13. It's not even about people "living on the edge"
Mon Apr 30, 2012, 04:45 PM
Apr 2012

people who are nowhere near the edge don't have $20,000 to invest in their kids' startup businesses. It's an insane suggestion.

Kalidurga

(14,177 posts)
7. In my family I am the first person to go on to college.
Mon Apr 30, 2012, 02:51 PM
Apr 2012

And I have had a very late start in finishing my degree. I am nearly 50. If my parents had the money it isn't a certainty they would have helped me with college. They might have, I had a way of getting my way. But, being that they didn't have a college education themselves, my dad got his GED when he was about the age I am now, they had like no money. So, growing up poor gives you a totally different perspective. Like when you look at going to college, you know you are on your own. I am just lucky that student loans and pell grants are still available. I am well aware of the fact that the GOP would love to cut off even this route of people being able to afford college.

trotsky

(49,533 posts)
8. Hey, Romney's lived through some tough times.
Mon Apr 30, 2012, 03:00 PM
Apr 2012

When he had ONLY his investment income to see him through. Gotta cut him some slack, he knows how rough the average person has it!

renate

(13,776 posts)
14. you know, I just had an idea about what Mitt and Ann might think about their days as poor students
Mon Apr 30, 2012, 04:52 PM
Apr 2012

Let's say for the sake of argument that they really did live on very little money--whether that's their idea of very little money or by any objective measure. Maybe they really did live like most other students do, with that door for a desk and those carpet remnants on the floor. Let's say they had to watch their pennies, even if those pennies came from stock--they still didn't spend a lot.

Okay, fine, we'll grant you that, Mitt and Ann. But the real difference--and I'm not casting stones, I went to school at a time when tuition was cheap and my parents had steady employment so I knew I wouldn't have to drop out or starve--is that he had a safety net. It's almost fun to be young and in love and making do if you know it's not a permanent situation and if you know that it won't all fall apart at any moment with a bill for a car repair or an increase in the rent or a sick kid.

But he doesn't know that there's a difference. It's like sleeping on the street so you can see what it's like, knowing that you'll be snug and dry the next night and that you can even go home tonight if it's too difficult, versus sleeping on the street because you have no choice. They look the same, but they're very different.

So he and Ann really believe, bless their hearts, that they know what it's like to be poor. But they actually only know what it's like to not spend a lot of money for a while. Big difference.

 

DefenseLawyer

(11,101 posts)
16. Two Americas
Mon Apr 30, 2012, 05:38 PM
Apr 2012

I went to college on scholarship at a private school with quite a few rich guys. One guy's mother was an heiress of some kind, but he was more the "tortured artist" type; permanently depressed, listened to a lot of "The Smiths" and often railed about how fucked up his parents were. Lived a rather austere life, by choice. But one day he was out riding his bicycle and got caught in a thunderstorm, so he stopped and bought a new jeep. Absolutely true story. Talk about a different world.

woo me with science

(32,139 posts)
17. I just asked my elderly mom to buy me a franchise.
Mon Apr 30, 2012, 05:47 PM
Apr 2012

She thought I said "french fries" and said she can't afford to take me out to eat.

Johonny

(20,889 posts)
18. So bush economics all over, we tried this in the 2000s
Mon Apr 30, 2012, 06:33 PM
Apr 2012

Parents took out huge leans on their property to pay for college and start businesses etc... then the whole house of bad debt fell. The government perhaps should do a better job of regulating small business loans and tax breaks it offers so people like G. W. Bush don't suck money out of a system designed to go to college graduates to start small businesses. Sigh.

aint_no_life_nowhere

(21,925 posts)
19. So if there's a family of four kids like Romney's that's a total loan of $120,000.00
Mon Apr 30, 2012, 07:13 PM
Apr 2012

I wonder how many parents have that kind of bread readily available or equity to secure a loan. Or maybe the parents could in turn borrow unsecured money from a loan shark. Getting any kind of a loan is hard these days, isn't it? Or maybe Romney thinks most parents have that kind of petty cash in the cookie jar.

SoCalDem

(103,856 posts)
20. Mom, can I borrow $20?..I'm gonna start a business..
Mon Apr 30, 2012, 09:23 PM
Apr 2012

now off to Costco to buy a box of oranges to sell at off-ramps

 

DefenseLawyer

(11,101 posts)
25. It certainly captures his world view and his utter stupidity in one convenient location
Tue May 1, 2012, 03:24 PM
May 2012

I'm not holding my breath for the debate question in the fall: "Mr. Romney, your advice to college students in a struggling economy was to borrow $20,000 from their parents and start small businesses. Is that the advice you would give the American people here tonight?" Somehow I doubt he'll ever be asked about it.

erpowers

(9,350 posts)
26. Out of Touch
Tue May 1, 2012, 03:44 PM
May 2012

It seems that someone should give Mitt Romney the advice, "You were given one mouth and two ears for a reason". He is out of touch and a terrible listener. He is out of touch in that he seems to not realize that many students cannot ask their parents for $20,000-$30,000 to start a business. He is a bad listener in that if he were a good listener he would know that many students cannot do what he is telling them to do in that a least one student would have told him about their financial problems.

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