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.