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The Obama campaign is using one of Mitt Romney's many memorable moments of clueless entitlement in an ad aimed at students and their parents concerned about paying for college. And what a moment. Yes, the Republican presidential nominee really did tell college students to "Take a risk, get the education, borrow money if you have to from your parents," and the Obama campaign puts that statement on a loop, contrasting it with Barack Obama's actions to expand student aid and lower interest rates.

Actually, this ad is, if anything, a little generous to Romney: He was telling students to borrow money from their parents to start a business, and cited a friend who'd borrowed $20,000 from his own parents. In other words, Romney was assuming that not only are parents able to pay for their kids to go to college, but then have $20,000 lying around to put into a start-up. People who struggle to pay for college, who take on a lifetime of debt just praying they'll be able to find a job that lets them make their loan payments? Those people aren't even real to Mitt Romney. No wonder Paul Ryan's budget slashing aid for millions of students seemed "marvelous" to Romney (at least until he picked Ryan as his running mate and realized he now owned all that marvelousness).

But regardless, this ad makes it clear: If you're a young person, can your parents put you through college and then lend you $20,000 to start a business? If you're a parent, can you pay for all that? If so (and you don't care about people for whom it's not true), Romney's your guy. If not, well, there is this other guy running. He's the president of the United States, and he's pushed to make college more affordable.

Originally posted to Daily Kos Labor on Tue Aug 14, 2012 at 10:30 AM PDT.

Also republished by DKOMA, ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement, and Daily Kos.

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Comment Preferences

    •  Yeah the last time I 'loaned' money to a child (5+ / 0-)
      Recommended by:
      Kinak, drmah, luckylizard, hnichols, chimene

      Their repayment method was

      Oh there has never been a repayment. Soooo.... while I love them I am not their banker. If they need money I sometimes give them some but never loan.

      Conservatives supported slavery, opposed women’s suffrage, supported Jim Crow, opposed the 40-hour work week, the abolishment of child labor, and supported McCarthyism. from 'It's The Conservatism, Stupid' by Paul Waldman July 12, 2006

      by arealniceguy on Tue Aug 14, 2012 at 11:14:46 AM PDT

      [ Parent ]

  •  Clapping - (15+ / 0-)

    the O campaign machine just seems to be firing on all cylinders.  I can't see the actual ad here at work but if it effectively highlights this tone deaf statement by Romney, it is exactly the kind of thing that average Joes and Janes will really be able to relate to.  Bravo.

  •  Excellent Ad at Broadcast Length. (14+ / 0-)

    The caliber of ads and a message that's been missing from Democrats for almost 40 years.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Tue Aug 14, 2012 at 10:43:43 AM PDT

  •  Well, the problem is that anybody who (6+ / 0-)
    Recommended by:
    ExStr8, CrissieP, jessical, aznavy, VClib, vcmvo2

    has children at, or nearing, college age knows that this is pretty much what everybody except the very low income families have to do.  

    Very low income families who have college-age children with good academic credentials get a lot in the way of grants.   There's a lot of "need-based" financial aid at the good colleges and universities.

    On the other hand, parents with, say, total household income of $60 - $90 are basically told by the feds that the government expects them to foot the bill for their kids' college education, and that any federal assistance comes in the way of loans.  (Once you get over $100,000 in household income, even federally-subsidized loans dry up.) Ever heard of the FAFSA?  It basically asks for all family income and assets, and then calculates the "expected family contribution" ( EFC) from the family, which generally presumes that while the kid is in college most family disposable income will go to that college education rather than things like retirement savings or family vacations.  You generally get federally subsidize loans for the difference between your EFC and the cost of attending college.  

    Unfortunately, what's happening now is that the very low income kids with really good academic records get to    go to college without a lot in the way of  loans, the really rich kids whose parents can just afford to pay for college get out without a lot in the way of loans, and it's the kids from middle class working families that have to do the big borrowing.  

    What Romney said is just a fact of life for middle-class kids.  The FAFSA means the government expects it.  

    •  I just finished... (2+ / 0-)
      Recommended by:
      SoCalLiberal, Kinak

      ...of going back to school in June, albeit as an adult student.  I don't think your narrative of the put upon middle class and lucky ducky poor is entirely accurate.

      Going back cost 28,000 in debt, over two schools.  If I had needed the full four years, it would have been about 50k in debt.  I went in-state, to state schools.  I got a pittance in grants.  I think what I racked up was fair for what I got -- a genuine opprotunity.  If my total were twice that, for the full four years (but not much more) I'd feel the same.

      I did find that one state school offered what grants they could, and the other tossed me to private lenders for about the same difference.  How the "student contribution" (ha ha) was made up seemed to have a lot to do with the culture and approach of the institution.   This, above all, seemed pernicious.  And it was entirely up to me to make sure the totals came out somewhere south of evil when I was done -- this is not a system which gives a flying fuck about its users.

      But -- that said -- almost every other student I met, who I talked about this with, was in the same boat.  Regardless of family wealth, and regardless of whether they were an adult returning student or a young 'un.  The schools don't have that much grant money to give anymore, for anyone.  And the FAFSA is really about "the amount we don't screw you for".

      The question is, how will the school make up the difference between award and reality?  A school that cares about graduation rates will make it up with Stafford unsubsidized loans and whatever grants it can cobble together.  A school that cares mostly about itself -- or a big research institution with more students than it needs --  will throw you back on private loans at high interest.

      ...j'ai découvert que tout le malheur des hommes vient d'une seule chose, qui est de ne savoir pas demeurer en repos dans une chambre.

      by jessical on Tue Aug 14, 2012 at 11:02:49 AM PDT

      [ Parent ]

      •  I didn't mean to suggest (3+ / 0-)
        Recommended by:
        jessical, VClib, vcmvo2

        that the poor were "lucky."  Just that for really low income families, there is much more in the way of grants than there is for middle income families.  Middle income families have to rely almost entirely on family income (FAFSA) and loans.

        •  what I was trying to say (2+ / 0-)
          Recommended by:
          luckylizard, Abelia

          (though I am at my FAQ recommended maximum five pissy un-rec'd comments) requires a bit more self disclosure.  In my first year back, I had income to report.  In my second, I was poor as a churchmouse per FAFSA.  In both cases I was an adult student, so what would end up as parental contribution was the amount not covered -- what I or the school needed to make up.  I didn't really want to fess up to the poor as a churchmouse in year two part, but there it is.

          And the results -- in terms of grant/loan ratio -- was backwards(!)  How much in grants and how much in loans depended more on the school and their financial aid approach than on my putative "wealth".

          When I first went to school, 30 years ago now, it was I think a lot closer to what you describe.  I think we've had the high costs/high loans system in place for long enough now that FAFSA is going to have an absurd "make up this" amount for almost everyone.  How that is handled will vary by school, but they generally assume anyone can get the loan to feed their machine, and so they are more inclined to stick everyone -- middle class and poor -- with a large student contribution and some measure of ruinous loan.  And this will vary by school.

          ...j'ai découvert que tout le malheur des hommes vient d'une seule chose, qui est de ne savoir pas demeurer en repos dans une chambre.

          by jessical on Tue Aug 14, 2012 at 11:18:11 AM PDT

          [ Parent ]

          •  But I think it's definitely true that (2+ / 0-)
            Recommended by:
            VClib, jessical

            the feds (i.e., the FAFSA) absolutely assume that most kids who go directly from high school to college "borrow" at least a substantial amount of the money from their parents (the family EFC).  That was my point.  For middle class kids, the FAFSA is VERY unrealistic, and assumes that parents will devote almost all disposable income to "lending" their kids money for college.  So, Romney's deal about "borrow the money from your parents" is pretty much what the feds expect middle class kids to do.  

            The difference between the EFC (the part they borrow from their parents) and the cost of attendance is made up through loans in the student's name, which the student is ultimately responsible for.

            •  They are assuming your parent's have something (2+ / 0-)
              Recommended by:
              sethtriggs, Blue Waters Run Deep

              to give. They assume that if you manage to have anything nice at all, regardless of what you did to acquire it, or how long it took, that this is some secret signal that you got gold doubloons in your basement. It's stupid in the extreme.

              For someone returning to school that is an adult with children it's beyond scary that they pretend our single income household is wealthy. I haven't been back, even though I am very close to graduating. I just do not have the cash right now. And I think if someone suggested otherwise, I might have to done some studded gloves.

    •  the way I looked at Romney's statement was (3+ / 0-)
      Recommended by:
      Kinak, drmah, vcmvo2

      more of a tone deaf comment meaning that going to college shouldn't be a big deal because kids just need to get some of that extra cash that their parents have.  What he should have said was that he was sorry that so many kids and their parents have to go into debt because college costs have gotten so prohibitively high - and then talk about his plans to make college more affordable.

    •  Re FAFSA and EFC (1+ / 0-)
      Recommended by:

      The EFC is predicated on the premise that one has not waited until 2-3 years before starting college to save.  It assumes that one has been saving, at least something, over the life of the child.  I am well aware that the reality is very different for most folks (it was for us; we started saving in earnest late in our daughter's sophomore year of high school), but that understanding is important when seeing one's EFC for the first time...and when claiming that "FAFSA means the government expects it."

      •  I think that's part of the issue (2+ / 0-)
        Recommended by:
        vcmvo2, VClib

        where I said that grants, rather than loans, are more plentiful for very low income students who have very good academic records than they are for middle class students with very good academic records.  

        For the most part, neither low income nor middle class families have much saved for their children's college.  FAFSA doesn't assume low income families have saved, but it does assume middle class families have, when typically even middle class families haven't managed to save much, if at all, for college.

    •  This is not my experience. We are very definitely (1+ / 0-)
      Recommended by:

      middle class, and we have received substantial need-based financial aid for all three of our kids. Granted, our kids had excellent academic records, and all three went to private colleges with very generous financial aid programs.

      •  sometimes it's better to choose a more expensive (1+ / 0-)
        Recommended by:
        blue jersey mom

        private school, than a less expensive state school, because many private schools make more grant money available in order to ensure economic as well as ethnic diversity in their enrollment.  That was true in my case, and though they both worked, my parents couldn't afford to give or lend me much money for college.

        Having more than one child in college at a time is or a least was a help in qualifying for grants at my college, but academic and scholastic record is very important when applying for scholarships.

        Though I did need to take out some loans and had about $25,000 in school loan debt when I graduated, I know several friends who went to state school who had much more debt than I did.

    •  Romney is talking about $20k on top of college (1+ / 0-)
      Recommended by:

      I'll refrain from commenting on the lucky poor kids portion.

    •  Yea and they act like any car you might have (1+ / 0-)
      Recommended by:

      that actually runs, squirts diamonds out it's tail pipes and that you shit gold and smell like roses.

  •  Get yourself born to well off parents... (12+ / 0-)

    "My taxes are of the legally correct height, and the core reason for my campaign is to make them a different, lower height, and it is none of your business what precisely either of those heights might be." Mitt, as channelled by Hunter.

    by Inland on Tue Aug 14, 2012 at 10:47:48 AM PDT

  •  Paul Ryan used Social Security benefits... (8+ / 0-)
    Recommended by:
    SaintC, ferg, TomP, JeffW, absdoggy, CoyoteMarti, Kinak, drmah

    to partially pay for his college education.

    But wait....
    now Paul Ryan wants to end Social Security....

    Stonewall was a RIOT!

    by ExStr8 on Tue Aug 14, 2012 at 10:51:54 AM PDT

  •  I'm confused by this ad (4+ / 0-)
    Recommended by:
    ferg, SoCalLiberal, aznavy, vcmvo2

    Don't you all have $20,000 that you can pull out of your ass to loan to your child so that he/she can start their own business? What's wrong with you people?

    Seriously, it's a great ad.  In addition to the diarist's point, I would note that many of us parents have tried to do the right thing over the years and save for our children's education.  I didn't start when she was born, but I did start when my daughter was 5 - in 1999.

    So, the first $10K I put in there took a big hit in the tech crash, Enron/Worldcom, recession and 9/11 hit in 2001 - 2002.  It then grew - not at the old 8% historical rate from 1960 - 2000, but it grew.  Then it took a big hit in 2008.  Now, everyone's cheering about the last 2 years, but if you take it 2000 - 2012, the S+P 500 was at about 1,450 when I started investing and now it's at . . . 1406. A 3% decline over the years.  The Dow Jones was at about 11,500, is now at 13,200, about a 1.2% return.  Couple this with being laid off for a period of time, having to move for a new job - couldn't increase what I was saving to compensate.

    The fact is anybody sending their child to college right now, or about to be, has been hit hard by the scandals of the 1%, and there's not much more in our savings or 529 accounts than what we put in. I can only cover about 2.5 years even here in VA, which is supposed to have good value public universities. I want to give her a future and start her out without debt, but man, it's hard even for someone like me that makes decent money.

    God bless to those that don't have my means, I know at least the president has done something, and is trying to do more.

    Liberalism is trust of the people tempered by prudence. Conservatism is distrust of the people tempered by fear. ~William E. Gladstone, 1866

    by absdoggy on Tue Aug 14, 2012 at 10:56:19 AM PDT

  •  Great ad (2+ / 0-)
    Recommended by:
    JeffW, Kinak

    Id like to see them tack on the bit about when a young woman asked Mitt about paying for college, he said to shop around for a cheaper school and followed up with something
    like: if you think government should pay, you're wrong...

    Shop around? Is Mass Bay Community College a good substitute for Harvard?

    I was counting on loans for my kids (especially since I'll be nearing retirement age and will no longer qualify for Medicare, being under 55 and all...) Romney/Ryan has thrown my "golden years" into complete turmoil. If I'd have known about these policies when I adopted at forty, I may have planned our future a bit differently!

    Mitt, corporations are not people. People have hearts, they have kids, they get jobs, they get sick, they love, cry, dance, they live and they die. Learn the difference. We don't run the country for corporations. WE RUN IT FOR PEOPLE. - Elizabeth Warren

    by theKgirls on Tue Aug 14, 2012 at 10:57:43 AM PDT

  •  Rmoney;'poor person' = has less than $10,000,000 (4+ / 0-)
    Recommended by:
    ChuckInReno, JeffW, Kinak, chimene

    'Middle class' = has less than $75,000,000

    Once you add a few zeros, Mittens is very relatable. You just have to learn to speak his language.

    (romney)/RYAN 2012 - Is this the real life? Is this just fantasy? Caught in a escape from reality...

    by Fordmandalay on Tue Aug 14, 2012 at 10:58:04 AM PDT

  •  Just in time for college kids to be heading back (1+ / 0-)
    Recommended by:

    to school and dealing with the costs of it for another year.  

  •  I love Obama's team! (1+ / 0-)
    Recommended by:

    They've got it going on!

    -5.38, -2.97
    It's too big a world to be in competition with everyone. The only person who I have to be better than is myself. - Sherman T. Potter

    by ChuckInReno on Tue Aug 14, 2012 at 11:00:35 AM PDT

  •  In 2009, I asked my republican parents for a loan (4+ / 0-)
    Recommended by:
    SoCalLiberal, SaintC, Kinak, drmah

    To Take advantage of the housing market after relocating to take a job. Despite them a week earlier claiming they were going to buy a yacht, they said no... No money for you.

    I ended up getting a VA loan which I earned by joining the Navy in college freeing them from having to pay for me (or perhaps freeing me from their authority).

    My parents (particularly my mother) are rabidly anti-Obama and are supporting Romney.

    •  oh the irony....nt (1+ / 0-)
      Recommended by:
    •  Yup (1+ / 0-)
      Recommended by:

      I know the feeling.  I wanted to start my own business as well (well still do, still trying to) and my parents refused.  They're not under any obligation to do so.  Mitt Romney's suggestion presumes two things actually.  (1) That your parents have 20k lying around to just give you to start a business and (2) your parents are willing to give you that money.  

      Ironically, the House GOP got rid of a program that allowed the SBA to loan small amounts of money to first time entrepreneurs who otherwise would have no ability to get access to capital.  Because if you're young and out of college or grad school or professional school, you usually have no personal credit and little in personal savings (and you might have massive student loan debt as well) and no proven track record of success (unless you were one of those child geniuses) so no bank is going to lend to you.  Well, the SBA had a program to help with that.  Now, thanks to the GOP, there isn't.  It's funny that the GOP claims to be the pro business party yet not only do they oppose allowing the SBA to do direct lending and expansion of that agency, they also want to get rid of it.  

      Romney is out of touch.  But there's an even bigger problem to Romney's vision.  Shouldn't any kid with an education, a strong work ethic, and a great idea be able to start their own business and pursue their dreams?  (Or in actuality for many, create their own job in this economic world).  And shouldn't that be the case regardless of whether one comes from extremely wealthy parents who have that 20k lying around, solid middle class, or working poor who got by on minimum wage?  

      Check out my new blog:

      by SoCalLiberal on Tue Aug 14, 2012 at 11:29:23 AM PDT

      [ Parent ]

    •  hell my parents are staunch democrats (2+ / 0-)
      Recommended by:
      vcmvo2, Abelia

      and they would never loan me a damn penny. They didn't even cosign on a private college loan I wanted to get when I was younger.

      Thankfully, I was in the military for 2 years and could be considered an "independent student" (meaning independent of my parents finances) and could get a lot in the way of loans and grants to go back to school. If I hadn't joined the USAF, I would have never gone to college. Or, at least, I wouldn't have started until I was 24 (the age, I believe, when dependent students become independent students).


      Squidward: The noises! How are you two making those noises?

      Patrick: Well, that's easy. All you need is a box.

      SpongeBob: And...imagi~nation!

      by rexymeteorite on Tue Aug 14, 2012 at 11:29:33 AM PDT

      [ Parent ]

  •  Glad the campaign picked up on this (3+ / 0-)
    Recommended by:
    Kinak, SaintC, drmah

    I saw Mitt make that statement and burst out laughing -- talk about out of touch with where the middle class is now.  A huge percentage don't have anything in savings, let alone enough to fund college and a business start-up.  Go Team Obama.

  •  Just 20K? (1+ / 0-)
    Recommended by:

    Didn't he loan Tagg (or Tripp or Tart, whatever) 10 mil for some sort of baby Bain?

    I'm actually surprised he didn't just tell students to sell off some of their blue chip stock. . .

  •  One of the key things that Mitt misses (1+ / 0-)
    Recommended by:

    is that in this country real self-made people have always worked their way through college. I did and I had middle class parents but they had 5 kids to put through college. I never thought it was weird, although it bugged me that they wouldn't take out a loan so that I could go to the school that I really wanted to go to. But I dealt with it. It's just the facts that most people don't have bags of cash lying around to help their kids.

    We still do what we can. I'm putting two kids through college now and that has meant a whole lot of sacrifices.  We make too much money to qualify for loans like a commenter upstream talks about FAFSA. So my daughter worked really hard this summer, but it was a good experience for her. We saved for their college as much as we could but the value of everything took a major hit in 2008.

    Very few people are able to send their kids to college even good state universities are over-flowing because the "wealthy" are choosing to forego private schools. The whole application process is crazy never mind then trying to pay for it. Paul Ryan and Mitt Romney are clueless about how hard it is to do the best thing for your kids. They have no idea with their legacy admissions to Harvard & Yale. It makes me want to puke sometimes!

    In our sleep, pain which cannot forget falls drop by drop upon the heart until, in our own despair, comes wisdom through the awful grace of God ~RFK

    by vcmvo2 on Tue Aug 14, 2012 at 03:20:55 PM PDT

  •  Thats a real good plan Liar Rmoney (4+ / 0-)

    you gonna bail me outta jail when I write that bad check to cover those costs?

    We the People have to make a difference and the Change.....Just do it ! Be part of helping us build a veteran community online. United Veterans of America

    by Vetwife on Wed Aug 15, 2012 at 08:04:43 PM PDT

    •  Nope, but I am sure he will strut around and feel (1+ / 0-)
      Recommended by:

      superior when you feel coerced into joining the jail house bible study in the privatized jail his company helps to run. Just think, we here, could be sitting on a potential gold mine of self serving feelings of innate superiority hidden in a dog and pony show of false compassion and understanding.

      Our fall could be his windfall!

  •  Ah yes Chicago style (2+ / 0-)
    Recommended by:
    GOPGO2H3LL, sethtriggs

    Pizza Politics  

    Hit back harder

    Heavy on the Irony

    The 1st Amendment gives you the right to say stupid things, the 1st Amendment doesn't guarantee a paycheck to say stupid things.

    by JML9999 on Wed Aug 15, 2012 at 08:05:10 PM PDT

  •  Obama is just firing on all cylinders isn't he? (2+ / 0-)
    Recommended by:
    JML9999, jeepdad

    You're not being "oppressed" when another group gains rights you've always enjoyed.

    by Scott Wooledge on Wed Aug 15, 2012 at 08:05:39 PM PDT

  •  How the fuck is this thing even close? (3+ / 0-)
    Recommended by:
    porchdog1961, sharman, sethtriggs

    What the fuck is wrong with people?


    by GOPGO2H3LL on Wed Aug 15, 2012 at 08:08:26 PM PDT

    Recommended by:

    WHAT A FUCKING HEAD IN THE SAND IDIOT...  another asshole like Bush... born on 3rd base, and thinks he hit a triple----


  •  WTF? Borrow Money from Parents? (0+ / 0-)

    I thought we as uber Rand individuals did it ALL on our own??? Helloooooooo Willard?

    OMG, Willard is totally, beyond the pale F***ed up. his bullshit is contradictory and absurd every single day.

    BTW Mr. Rmoney, if you had a CLUE, you'd know millions of us are living paycheck to paycheck.. there's not tens of thousands of dollars lying about to give to our kids for their higher education.

    after the Ryan pick and the massive truckloads of bullshit the past few days-- I think I can safely surmise this election is (for the GOP) much, much worse than Bob Dole running against comparitive genius Bill Clinton in 1996.

    these guys are frat-boy, rank amateurs. it's really astonishing just how bad they are.

    "A civilization which does not provide young people with a way to earn a living is pretty poor". Eleanor Roosevelt

    by Superpole on Wed Aug 15, 2012 at 08:19:47 PM PDT

  •  Who votes for these clowns? (0+ / 0-)

    Outside of the blatant scumbags who got their college loans and then whine about others getting them now...Kind of like Paul Ryan and SSI

  •  Romney: "Sell crack if you have to. Find the (1+ / 0-)
    Recommended by:

    money somehow. Wall Street needs your "education" dollars. Don't get caught, though."

    You can't make this stuff up.

    by David54 on Wed Aug 15, 2012 at 08:24:03 PM PDT

  •  Romney and Ryan remind me (1+ / 0-)
    Recommended by:

    of a friend of mine from grad school, who told me (the first in my family to go to college, let alone grad school) that poor people were lazy and stupid. I pointed out that I came from a lower-middle class family and, while not poor, we always struggled with having enough money. He didn't back down or apologize. From what he's posted on facebook, he's quite the Ryan supporter. Needless to say, he's from an upper-middle class family and never had to worry about having enough food to eat.

  •  Humph. (1+ / 0-)
    Recommended by:

    "borrow money from your parents"??  So how does this fit with  Rmoney's  deal with the deficit?


    Every dollar of deficit spending must be borrowed, with the bill sent to our children to pay back
    Link. (Caution, Rmoney campaign site.)

    Seems like Rmoney wants to put someone in financial debtor's chains.

    Government by organized money is just as dangerous as Government by organized mob" -= Franklin Delano Roosevelt =-

    by sailmaker on Wed Aug 15, 2012 at 08:31:18 PM PDT

  •  This man is way past out-of-touch. (2+ / 0-)
    Recommended by:
    GreenMother, sharman

    A privileged upbringing and an apparent inability to connect with people has resulted in cultural illiteracy. His wife was talking about struggling in school because they had to cash in Mitt's stock? WTF?

    ...and dropping a bar bell he points to the sky, saying "The sun's not yellow-it's CHICKEN!"

    by porchdog1961 on Wed Aug 15, 2012 at 08:31:55 PM PDT

  •  It's not taking a risk if you come from (0+ / 0-)

    money, something Twit Romney could never understand. He's just that entitled.

    "Let's stay together"--Rev. Al Green and President Obama

    by collardgreens on Wed Aug 15, 2012 at 08:32:16 PM PDT

  •  It is very mean of Obama (2+ / 0-)
    Recommended by:
    ferg, sharman

    to point out that Romney is out-of touch with people who do not have the cost of college + $20,000(multiplied by the number of children in their family)  in their checking accounts.

    Mean I tell you!  It shows he is angry!

    There -- I saved you all the bother of watching Sunday morning tv this week.

    Oh shut up and tax the rich.

    by stuntfrau on Wed Aug 15, 2012 at 08:44:10 PM PDT

  •  $20,000 (3+ / 0-)
    Recommended by:
    ferg, sethtriggs, Monitor78

    hard to fit it into the ad, but the $20,000 was the best part, imo.

    As if $20,000 is going to capitalize any business but a lemonade stand.

    Gee, if Romney really wanted to inspire the youth, he should tell the story of how he set his kids up in business.

    IIRC, it was a little more than $20,000

  •  How much crack does he have to smoke to be (2+ / 0-)
    Recommended by:
    ferg, Monitor78

    so completely effing clueless about the real world that actual working Americans live in?

    My parents didn't have any money to lend me---EVER! That's in part, WHY I joined the military right out of high school.

    They don't even have retirement savings. Poor people don't get things like that.

    Romney is such a damn moron that he hurts my eyes just to see him.

  •  $20K is only the equivalent of two friendy bets (4+ / 0-)
    Recommended by:
    sharman, sethtriggs, earthling1, sunbro

    If you look at it that way, it's not so much.

  •   Twenty K May Be Too Little (0+ / 0-)

    About 10 years ago I was shut out in a corporate downsize. I talked to several professional colleagues who were considering starting their own offices. One hundred k was regarded as entry level start up cost in engineering, considering you will need to carry yourself for several months with. I know of plenty of people who have tried to start home office businesses with 20 k or less, but I know of no one who can carry anything like full living plus business expenses with such an arrangement. There are probably some exceptions out there of which I am not aware, but I would be surprised if it were a norm.
    How many parents have a loose 100 k lying around (much less 20)? How many can take a second mortgage in this housing market? How many can raid their 401K for any amount when statistics already show most people's retirements are way underfunded? Romney was born in a bubble and continues to exist in one. The Republican Party must request all of it's candidates take denial tests to certify their clueless potential.

  •  Those people aren't even real... (2+ / 0-)
    Recommended by:
    sethtriggs, Monitor78
    People who struggle to pay for college, who take on a lifetime of debt just praying they'll be able to find a job that lets them make their loan payments? Those people aren't even real to Mitt Romney.
    Cut that text by 2/3 and you have a brilliant ad.
  •  not only should (0+ / 0-)

    everyone lend their children the necessary funds to go to college or start a business as romney says, but everyone should have a spot saved for them in the natl guard ranks in case of war to avoid serving like the romney boys and other elites do, i mean don't all families in america take these things for granted.

  •  Wow! Never knew my parents had 20 large (0+ / 0-)

    Here I did all that work cleaning houses before, during and after college when I just had to ask for some money just lying up in the kitchen cupboard, waiting for me to ask for it. Boy do I feel silly. Also, unemployed.

    My younger brother's also looking for work, as a mechanic. He's competing with people who have decades of experience and used to run teams at dealerships. I can just tell him to go ahead and borrow $20k to start his own autoshop. Whew! That all worked out.

    There isn't enough goddamned sarcasm in THE WORLD.

    "Think. It ain't illegal yet." - George Clinton |

    by jbeach on Wed Aug 15, 2012 at 11:32:36 PM PDT

  •   In state tuition with unstable job market (0+ / 0-)

    People don't think of the "what if" you have to move when your kids are in 11th or 12th grade.  We were faced with that and it was impossible!  Due to the economy/job loss we had to move to another state for 30% less pay.  Our oldest son decided on a college (He was already accepted), however he would only get in state tuition for 1 year, but if he quickly applied to a college to the state we were moving to we would have had to pay out of state tuition the first 2 years.  Oh, and we didn't have 20 grand to spare.

  •  So, Rom, what do you do if you don't have a (0+ / 0-)

    rich, connected daddy like you did?

    But, you know, to me it's just so sad, because a man with this jerk's money could send so many deserving young people to college by founding a scholarship fund or something, but he chases tax deductions with show ponies.

    What a waste.

  •  The sequel to "Atlas Shrugged"? "Atlas Farted"? nt (0+ / 0-)

    The GOP can't win on ideas. They can only win by lying, cheating, and stealing. So they do.

    by psnyder on Thu Aug 16, 2012 at 05:59:17 AM PDT

  •  Meanwhile, your parents are going broke... (0+ / 0-)

    This is Romneys proposal, while at the same time the GOP is telling people with college age kids that they need to save MUCH MUCH MORE for their own retirement, because SocSec and Medicare are "going bankrupt"

    Religion gives men the strength to do what should not be done.

    by bobtmn on Thu Aug 16, 2012 at 07:14:38 AM PDT

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