I could have just borrowed half a million from my parents?!

[kpete]

FRI APR 27, 2012 AT 09:55 PM PDT
I could have just borrowed half a million from my parents?!
by Anton Bursch

"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," Romney said.
http://thinkprogress.org/special/2012/04/27/473096/romney-borrow-money-parents/

If only I had heard this a decade ago when I was killing myself struggling to work my way into developing video games! Borrow money from my parents! It's just so obvious that I feel stupid for not thinking of it myself! "Mom and Dad, can I borrow half a million dollars to develop a small scale independent video game?"

Oh, wait... right... my parents didn't have half a million dollars for me to borrow from them. Half a million dollars is half of what my dad earned over the course of decades working a good union labor job. Mom and Dad had savings of course, but not enough to loan me start up capital for my own business.

I swear to god. Romney truly is completely out of touch with life for most people living in this country (not to mention the entire world). I knew Romney was running for President out of nothing more than pure selfish ambition, but I haven't seen anyone running for office who was this trapped in their own bubble since... well, the idiot who handed the Mass Senate seat to Scott Brown because she wasn't going to stand "outside Fenway Park? In the cold? Shaking hands?".

....................................

UPDATE:

I believe in encouraging young people to have the guts and tenacity to make their dreams come true in America. I live the belief. Which is why Romney's comment strikes a nerve in me. Romney and his kids will never understand the American dream, because the American dream is something you achieve not something you get handed to you on a silver platter by your super rich parents. You work hard to make sure your kids have more opportunity than you did, but you don't buy them success or kick the ladders of of opportunity out from underneath kids who's parents can't buy them success. That kind of nepotism is the antithesis of the American dream. I just hope enough voters believe in America as the land of opportunity for everyone and have the good sense to vote for President Obama again.

http://www.dailykos.com/story/2012/04/28/1087092/-I-could-have-just-borrowed-half-a-million-from-my-parents-

[orpupilofnature57]

1. Nothing to do with our planet ,...

pressing people that do share our experience, but that hate Liberals will be fun.

[abelenkpe]

2. Saw that this morning

Romney is so out of touch it is crazy.

[Baitball Blogger]

3. Major disconnect between Romney and blue collar Republican workers.

Many Republicans, or primarily Libertarians, can't wait for their kids to turn eighteen to kick them out of the door. Get a job! I say you blast the media with Romney's comment since most of the voting Republicans won't abide by it.

[Moonwalk]

4. Oh, they'll abide by it...the parents will just demand huge interest payments....

If they're libertarians that is. Republican blue collar types will say, "Sure son/daughter. After all, you're either going to make it rich on this or I'm going to win the lottery. That's what the GOP keeps telling me, so why not mortgage myself into debt to subsidize your new business? This is America where anyone can be rich so long as the government doesn't tax them!"

[bonniebgood]

5. I dont think many heard the other night

when Laurence O'Donnell said the other night that Daddy Romney received 100.00 US Government
settlement money for leaving/escaping Mexico's war. Funny how those kind of hand-out are forgotten. Media will never, have never reported how many welfare checks are going to LDS church members for those HUGE families of one husband, 10 wives and 30 children. There is not enough hours in the day for one person working to support that many children. Yet they are all voting republican out/over there.

[lunasun]

9. I have heard this before

they can only claim one wife etc on insurance
With the polygamist secs, the others are 'single moms' and suck a lot of aid out of the system to help pay for the lifestyle

But that is Ok because they are Republicans they mean OTHER people's social programs need to go...........

[tinrobot]

6. A college education costs as much as a house in many states

People take 30 years to pay off a house.

What is this guy smoking?

[tech3149]

7. My parents didn't need to loan me a million

I wanted to get into aerospace engineering, got accepted to a college but pretty quick figured out I'd be busting my butt for decades to pay for it and get back on even ground.
Instead I spent a year thinking meditating and playing guitar.
My parents made me an offer that made the change in my life. $2K to go to a tech school for electronics. I still busted my butt but I was paying them back in six months and haven't stopped since.
There are days I regret not going after my original goal but all things considered I'm happy with the way things turned out.

[airplaneman]

8. I think of myself as a typical example.

I am 58 and hope to retire by 66. I don't know if I will have enough money to retire comfortably or not. I could loose my job and have to work for 1/2 of what I make now. I am probably doing a little better than most but I cannot loan $20K to my daughter without threatening my personal retirement as this is about 20% of what I have saved. I don't have much time left. My parents had less money than me and it would have been unfair to ask the same of them. It takes a person like me many years to save up just $20k. The real statistic on starting up a business is that 19 out of 20 fail. I have a personal friend that inherited $50k and attempted to start a restaurant business. In 6 months the money was gone and they had to either come up with more money or shut down. Guess what happened. The system is rigged to prevent new business from competing with established business. I know of a lot of examples that prove that. I agree that Romney is so out of touch with reality that I will be very depressed if he wins the presidentsy. We need to fix the playing field if The American dream is going to be a possibility.
-Airplane