At a talk Friday at Ohio’s Otterbein University, the presidential candidate offered his expertise to a room of students, telling them that if they want to start a business or pay for their education, they should just borrow from mom and dad. “Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business,” he said, citing a friend of his who took out a $20,000 loan from his parents.This is the latest reminder Romney has given us that being an extraordinarily successful businessman doesn't necessarily mean you understand how the economy works for average people. I would wager the large majority of parents are in no position to be passing out $20,000 loans to their kids. It seems odd, at best, that Romney's mind would go in this direction. But that's been his experience. "Hard times," for him, meant living off the investments his dad gave him during college. He didn't even have to work while he went to school. There's nothing wrong with any of that, except that Romney is consistently indicating that he doesn't realize how extraordinarily unusual his experience has been, and how much factors beyond his control have had to do with it.
Saturday, April 28, 2012
romney really is out of touch
I have been enjoying a wonderful vacation and haven't bothered to keep the blog up. A little headline I saw as I'm up early with the boy this morning: "Romney: Borrow Money From Your Parents."