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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnn and Mitt, the college years: “STRUGGLING” so much that they had to sell stock.
Mitt Romney and Ann: the students struggling so much that they had to sell stock.
by Andrew Sabl
Mitt Romney is going around saying that he made all his money himself, aside from a loan from his dad to buy his first house.
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They were not easy years. You have to understand, I was raised in a lovely neighborhood, as was Mitt, and at BYU, we moved into a $62-a-month basement apartment with a cement floor and lived there two years as students with no income.
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We were happy, studying hard. Neither one of us had a job, because Mitt had enough of an investment from stock that we could sell off a little at a time.
The stock came from Mitts father. When he took over American Motors, the stock was worth nothing. But he invested Mitts birthday money year to year it wasnt much, a few thousand, but he put it into American Motors because he believed in himself. Five years later, stock that had been $6 a share was $96 and Mitt cashed it so we could live and pay for education.
Mitt and I walked to class together, shared housekeeping, had a lot of pasta and tuna fish and learned hard lessons.
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http://www.samefacts.com/2012/01/income-distribution/mitt-romney-and-ann-the-students-struggling-so-much-that-they-had-to-sell-stock/
madaboutharry
(40,216 posts)What a crock of shit.
Rich people trying to sound like they're everybody else. Fuck them.
nobodyspecial
(2,286 posts)Real experience: Many students have jobs -- no choice. They don't have stock to sell to live off, much less pay for their eduction. They are thousands in debt. OMG! No housekeeper. What deprivation. And pasta and tuna is definitely an upgrade from ramen, day-old bread and generic peanut butter. In fact many American households rely on pasta and tuna fish and don't look down on it as their "poor" diet.
Glimmer of Hope
(5,823 posts)madaboutharry
(40,216 posts)what cheapskate parents they both had. One would think that one of the sets of parents would have bought them a desk so that the wouldn't have to use a door propped up on sawhorses. Or that the brilliant Mitt would have thought about buying one from a flea market.
Mariana
(14,860 posts)as a flea market, a thrift shop, a yard sale, a dumpster, or a curbside.
SammyWinstonJack
(44,130 posts)Out of touch elitist and should just shut her piehole. She's not helping out her lying husband much.
Oh boo hoo. Had to eat pasta and tuna fish.
FarLeftFist
(6,161 posts)Doremus
(7,261 posts)Well said and very, very true.
Thank you for summing it up so eloquently.
burrowowl
(17,642 posts)Tuna is a luxury!
monmouth
(21,078 posts)madaboutharry
(40,216 posts)Oh wait, Jenny really was poor.
spartan61
(2,091 posts)as married students at Michigan State. The difference is, we had no stock given to us to sell so we could eat and pay tuition. We both had jobs as well as being full time students and big time student loans we had to pay off after graduation. The Romneys so badly want to portray themselves as understanding how the unwealthy live. They will never understand because they have never walked in our shoes.
cali
(114,904 posts)it's a very ugly picture. She doesn't even have the good grace to say: "We were so very fortunate. Unlike so many others, we didn't have to struggle". I wish everyone could have the opportunities we did.
Sickening.
Marr
(20,317 posts)This woman has no idea what financial hardship is. Oh no... she had to lounge in an apartment with concrete floors for a couple of years! Oh how awful! No job, still got to attend a real university. She doesn't even realize that most of us would consider her 'time of hardship' to be a fucking vacation.
I had to work to feed myself from age 17 when I moved out. I went to a state school, and never had enough food for the first couple of years because I didn't have enough money. Passed out in class once from lack of nutrition and sleep. Lived in my car for awhile when I couldn't afford rent.
"Concrete floors", oh the horror. Had to sell off stock! Oh my... she really does understand struggle.
AnotherMother4Peace
(4,250 posts)all american girl
(1,788 posts)I guess I should have just sold the stock that daddy gave me....oh that's right...no stock....no being raised by daddy...paid for school on student loans and jobs. I don't even begin to think I had it hard, I was just like every single person I knew. I do look back fondly on those years....I always paid my rent and made sure I had beer money....I had my priority straight....maybe that's why I didn't finish school
Mass
(27,315 posts)They succeeded in going through their college years (including grad school) without working a day or taking loans and this is what they called struggling.
kestrel91316
(51,666 posts)cantbeserious
(13,039 posts)eom
earthside
(6,960 posts)The poverty and struggle poor Mitt and Ann had to endure.
We stayed till Mitt graduated in 1971, and when he was accepted at Harvard Law, we came east. He was also accepted at Harvard Business School as part of a joint program that admits 25 a year, so he was getting degrees from Harvard Law and Business schools at the same time.
Remember, wed been paying $62 a month rent, but here, rents were $400, and for a dump. This is when we took the now-famous loan that Mitt talks about from his father and bought a $42,000 home in Belmont, and you know? The mortgage payment was less than rent. Mitt saw that the Boston market was behind Chicago, LA and New York. We stayed there seven years and sold it for $90,000, so we not only stayed for free, we made money. As I said, Mitts very bright.
It is just like the pain my wife and I endured when she was going to grad school ... except for the part about having stock to sell and the part about the loan from a parent and buying a house and the part about making a $47,000 profit on the house.
People need to stop picking on the sad couple.
Right?
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Viking12
(6,012 posts)I made $40,000 profit at the height of the bubble. However, my circumstances are far from the norm and I certainly didn't get a loan from my daddy. I had to show earned income to get a traditionally mortgage; that meant working an extra job in addition to my caring for my kids, my assistantship and my studies.
Marr
(20,317 posts)That must've been a pretty nice place, even if it wasn't vastly undervalued through daddy's influence. Considering it sold just seven years later for more than twice what they paid for it, I rather suspect it *was* sold to them on the cheap.
I'd also love to see what some of these "dump" apartments were like. A place that rents today for $700 would've been about $175 in 1971-- at least where I am. So this $400/month dump would be a... what? $1600/month place today? That's a dump, for princess.
A Brand New World
(1,119 posts)I'm sure their "dump" didn't even compare to mine! And back then, a can of corn to eat a day was a good day. Oh well, I feel so sorry for their struggles.
MADem
(135,425 posts)Of course, maybe they were in luxury digs, and they just considered them "a dump."
If you were paying $350 for a 2BR, you were in VERY nice digs back then. You could find places that were more than OK for less.
starroute
(12,977 posts)My roommate and I were paying that much total for a four-room, two-bedroom apartment. It was a little shabby, but nothing at all to complain about.
HangOnKids
(4,291 posts)Well, well, that is very telling, if they stayed for free it wasn't a loan from Daddy it was a gift! In my world loans need to be paid back, in Mrs Rmoney's world a loan means you get to live for free. What a fuckwittage twit.
Marr
(20,317 posts)Have pal cut the price of the house in half, "loan" Mitt enough buy it, then let him hand that money back to you when he sells the house at market rate.
neverforget
(9,436 posts)SoCalDem
(103,856 posts)HughBeaumont
(24,461 posts)Hell, have your sons join in on the fun. PLEASE.
Each dumb statement will be hundreds of working/middle/poor alienated. Thanks from the bottom of our hearts.
PA Democrat
(13,225 posts)But we are to pity the Romneys who had to cash in on some of their trust fund.
Keep talking Ann, you are the epitome of the out-of-touch, clueless, rich snob.
Link to student loan data:
http://projectonstudentdebt.org/state_by_state-data.php
lonestarnot
(77,097 posts)theirlives Richie Riches?
livetohike
(22,156 posts)For sure, they both came from privileged families. Hard lessons, such as what? Whether to fly to Paris or the Cayman Islands for spring break?
MADem
(135,425 posts)I knew a few rural types that knew all about the "live" variety, too!
Thanks for the laugh .
tanyev
(42,594 posts)Marrah_G
(28,581 posts)They just do not understand how fucking arrogant and offensive their comments are.
DisgustipatedinCA
(12,530 posts)Liberal_in_LA
(44,397 posts)louis-t
(23,296 posts)"isn't a lot of money." "invested Mitt's birthday money-it wasn't much". Another silver spoon phony that made his money through insider trading?
progressoid
(49,992 posts)anti-alec
(420 posts)Just wondering....
FailureToCommunicate
(14,018 posts)progressoid
(49,992 posts)I have no idea where it originated.
toddwv
(2,830 posts)I know, that's like Ann Romney level suffering...
It's from "Portraits in Dramatic Time" by David Michalek:
Here's the link to the artist's page:
http://www.davidmichalek.net/portraits/
Where the video is available:
http://www.davidmichalek.net/portraits/video.php
FailureToCommunicate
(14,018 posts)Thanks for the 'Ann Romney level suffering to find it!
Yavin4
(35,445 posts)SweetieD
(1,660 posts)I did not come from the same circumstance they did, not by a long shot. However, what privilege I did have, I recognize it. Just being able to go to college and law school is a privilege in itself.
I went to college and law school. I grew up lower lower middle class neighborhood. My dad didn't give me a dime for school. My mom helped out when she could. I worked here and there and didn't spend money on anything but necessities. I took out student loans that I'll be paying for until I die. Yet, I still recognize the privileges and opportunities I had to even get to the point of getting to higher education and finishing. I will readily admit I was privileged in many ways. However, it seems those with even more privilege, like the Romneys, just can't admit it, like it is admitting some weakness on their part.
HangOnKids
(4,291 posts)They don't see it for what it is because they are blinded by their privilege. Fools.
southernyankeebelle
(11,304 posts)MADem
(135,425 posts)OWN BLOOD.
Pasta and tuna fish is suffering? Shit, that's on the menu in many, many homes around the country. What, they couldn't afford the truffles and the cases of Pernod-Ricard Perrier-Jouet, and had to make do with crappy old shitake mushrooms and Moet and Chandon? Boo friken hoo!
And most people who live in slab built homes have cement floors, even if they are covered with linoleum or carpet. Was she so dense she didn't understand that you slap a carpet down and Bob's Yer Uncle?
They also didn't look very hard if they were paying that much rent in Boston in '71 "for a dump." My rent was way less than that and I didn't live in a horrible neighborhood, either. The building was old, but the maintenance was decent. Of course, maybe to them, a "dump" is something that's old and doesn't have a doorman and year-round "climate control." Heaven forbid you'd have to open a window to catch a breeze!
I'm so sorry, but this installment of "Thurston and Lovie: The Early Years" is not bringing a tear to my eye!
Lars39
(26,110 posts)Yeah, they were struggling alright.
MADem
(135,425 posts)I'd be living large and feeling in charge!
That works out to $48 grand a year. Looking back, I don't think I even knew anybody who came close to that.
FourScore
(9,704 posts)Iris
(15,662 posts)jeez
marshall gaines
(347 posts)ohhhhh! my heart just bleeds for your struggling college years. I understand. I had to go into the military for 3 years, 13 months of that service in viet nam. I had, along with the GI bill, to WORK 2 jobs, one in Cambridge at Polaroid, and another at a local television station to get through college. They struggled, my butt! I really hate the not so hidden class differences in this country. The nerve of these two trying to relate to hardworking individuals!!!!
Raven
(13,899 posts)in the auto industry and Mitt was ready to let the industry go down the toilet.
fishwax
(29,149 posts)arthritisR_US
(7,291 posts)JNelson6563
(28,151 posts)Javaman
(62,532 posts)baldguy
(36,649 posts)Don't let anyone say they haven't suffered!
FailureToCommunicate
(14,018 posts)livingonearth
(728 posts)Hire someone to advise you on how to appear unprivileged. You aren't doing a very good job on your own.
kestrel91316
(51,666 posts)fixed amount that about covered rent. I worked 20 hours a week during full-time school and 40 hours a week on breaks and semesters off so that I could EAT AND HEAT MY APARTMENT AND HAVE SOME SEMBLANCE OF A LIFE AND NOT WEAR UTTER RAGS.
Fuck Ann Rmoney and her elitist gasbag husband.
CaliforniaPeggy
(149,677 posts)You're helping sink your husband's chances (slim though they were) to ever win the Presidency!
renate
(13,776 posts)I think it's sweet that they lived in an apartment with carpet remnants and a door for a desk, I really do.
Having said that, OMG, Ann. The vast majority of the citizens of the country your husband would like to be in charge of STILL eat pasta and tuna fish and--here's the key--don't feel sorry for themselves for doing it. To them, it's LIFE. And they can't scrape by by SELLING STOCK.
Brickbat
(19,339 posts)pasta are FINALLY BEHIND THEM. Because I can't IMAGINE what it must be like to have to live like that ALL THE TIME.
sulphurdunn
(6,891 posts)he wished he could have served his country during Vietnam and would have done so willing had he been drafted between 1966 and 1971 when he had draft deferments as an LDS missionary and an undergrad at BYU. He did register in 1971 when he was married, had a kid, and enrolled in Harvard as the son of a famous political operative and corporate CEO. Had he enlisted he might have avoided the duress and hardhip of missionary service in France and as a college student living in a basement apartment.
Oilwellian
(12,647 posts)This is a pic of a counter-protest Mitt organized at Stanford, in support of the draft. What he probably doesn't want us to know is he was exempt from the draft because he was a Mormon missionary.
http://www.dailymail.co.uk/news/article-2083002/Mitt-Romney-19-demonstrated-favour-Vietnam-War-draft.html
progressoid
(49,992 posts)SoCalDem
(103,856 posts)Canuckistanian
(42,290 posts)Land of cheese-eating surrender monkeys.
rurallib
(62,433 posts)unlike many of us here.
If I didn't make the rent or tuition I would have been in the street. I had no CEO father to back me when times got tough.
Canuckistanian
(42,290 posts)Seriously? "a few thousand" wasn't much money - in the 60's?
LiberalFighter
(51,017 posts)Except they don't want to do it for themselves. They want others to do it for them.
Initech
(100,096 posts)They school was hard? Fuck you. Try working two or three jobs and going to school full time - because that's what most of us have to deal with. They had to sell some stock that his rich father gave him - the horror!!!
riderinthestorm
(23,272 posts)Tuna noodle casserole is on the menu for us regularly now that WE CAN AFFORD IT!
In college it was untouched food scraped off a patron's plate from the restaurant I worked at (I always carefully packaged my "free" meal and took that home!) ramen, pb and jelly, oatmeal, beans, and anything I could scavenge free from friends to get by day to day.
This breathtakingly surreal narrative from the rMoney's that they were somehow STRUGGLING during their college years just pisses me all the fuck off.
dionysus
(26,467 posts)Skittles
(153,174 posts)as is her fucking idiotic husband
fishwax
(29,149 posts)Totally out of touch.
Vinca
(50,300 posts)I bet they had to rely on care packages from home for their pate.
NNN0LHI
(67,190 posts)They must have been using the wild monkey method?
Don
maloo
(2 posts)His parents didn't pay for his. He used birthday gifts he had saved his whole life. I think Obama used government funds. Find a new 'gotcha', it won't take Media Matters long.
NNN0LHI
(67,190 posts)My employer paid for my college.
That was the only way I could afford to go to college.
Don
Cass
(2,600 posts)not available to many others?? She has no flipping idea of the financial struggles people face every single day and her prattling on like this is absurd and offensive.