Romeny thinks you should borrow money from mommy and daddy.

  • Posted by a hidden member.
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    Apr 27, 2012 9:50 PM GMT
    http://thinkprogress.org/special/2012/04/27/473096/romney-borrow-money-parents/

    And what if Mommy and/or Daddy have none to give? Talk about keeping first generation college students out of college.
  • CuriousJockAZ

    Posts: 19138

    Apr 28, 2012 1:57 AM GMT
    DoomsDayAlpaca said
    And what if Mommy and/or Daddy have none to give?



    Well, then you find another way. Geeeez -- are you brain dead? icon_rolleyes.gif
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    Apr 28, 2012 2:10 AM GMT
    southbeach1500 saidQuote:

    Romney: Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business.

    That's what I did when I started my business back in 1992. We bring in $10 million annually, have been profitable for the past 15 years and employ 15 full time employees with company-provided health insurance* and salaries ranging from $45,000 to $130,000 annually.

    You might want to try it some day.


    * NOTE: Apparently our health insurance plan is considered "too good" and falls under the "Cadillac Plan" classification in Obamacare. We are currently evaluating whether or not to discontinue our current health insurance benefits.



    So basically your parents provided the seed funding for your business and yet you pretend to be a scrappy entrepreneur and your day job provides you with benefits and security regardless of what happens to your business. Glad to see you admit it but whatever little credibility you had left for your views has completely evaporated.
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    Apr 28, 2012 2:43 AM GMT
    CuriousJockAZ said
    DoomsDayAlpaca said
    And what if Mommy and/or Daddy have none to give?



    Well, then you find another way. Geeeez -- are you brain dead? icon_rolleyes.gif




    Your forgetting CJ, that Romney and his republicans want to cut out those "other ways", furthermore, that kid that might have been able to get help from his parents, can't because some venture capatalist like Romney bought out the company where the kids parents worked, then fired everyone and sold the business for profit. And now you have a first hand example of just how the Republican system cuts out many an opportunity and rather than opening up doors for success, seeks to close all they can.


    SB, It takes money to make money, and if for some reason out of just plain good luck, you started your business with $10.00 and it took off, then that's great, but don't expect it to happen to even 10 out of 10 million, because it won't be happening. So lets not cut out the successful programs we have in place so more young men and women can get into college..

    Furthermore, Romney just exposed again that he is totally out of touch with what the average american faces. The man is so clueless because of his lifetime of privilege that he has no idea that his words just don't fit into most peoples lives.
  • creature

    Posts: 5197

    Apr 28, 2012 3:19 AM GMT
    Mitt Romney should just keep his mouth shut. Every time he opens it, something stupid comes out. This is just a classical example of Romney being Romney.
  • Webster666

    Posts: 9217

    Apr 28, 2012 10:59 AM GMT
    Reallifedad said:

    "Furthermore, Romney just exposed again that he is totally out of touch with what the average american faces. The man is so clueless because of his lifetime of privilege that he has no idea that his words just don't fit into most peoples lives."
    _________________________________

    And, I agree, 100%
  • GQjock

    Posts: 11649

    Apr 28, 2012 11:07 AM GMT
    Webster666 saidReallifedad said:

    "Furthermore, Romney just exposed again that he is totally out of touch with what the average american faces. The man is so clueless because of his lifetime of privilege that he has no idea that his words just don't fit into most peoples lives."
    _________________________________

    And, I agree, 100%


    Some Early Mornin ....

    images?q=tbn:ANd9GcQ71dXgwTINmM3GPuOO11r
  • Posted by a hidden member.
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    Apr 28, 2012 2:45 PM GMT
    southbeach1500 said
    Christian73 said
    southbeach1500 saidQuote:

    Romney: Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business.

    That's what I did when I started my business back in 1992. We bring in $10 million annually, have been profitable for the past 15 years and employ 15 full time employees with company-provided health insurance* and salaries ranging from $45,000 to $130,000 annually.

    You might want to try it some day.


    * NOTE: Apparently our health insurance plan is considered "too good" and falls under the "Cadillac Plan" classification in Obamacare. We are currently evaluating whether or not to discontinue our current health insurance benefits.



    So basically your parents provided the seed funding for your business and yet you pretend to be a scrappy entrepreneur and your day job provides you with benefits and security regardless of what happens to your business. Glad to see you admit it but whatever little credibility you had left for your views has completely evaporated.


    Yep - a whole $1000 to cover the attorney fees and incorporation fees associated with forming the corporation as a legal entity.


    That's $1,000 that tens of millions of Americans don't have access to, let alone having a stable, union job that allows them to take the "risks" you did in establishing your business.
  • Posted by a hidden member.
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    Apr 28, 2012 2:49 PM GMT
    southbeach1500 said
    Christian73 said
    southbeach1500 said
    Christian73 said
    southbeach1500 saidQuote:

    Romney: Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business.

    That's what I did when I started my business back in 1992. We bring in $10 million annually, have been profitable for the past 15 years and employ 15 full time employees with company-provided health insurance* and salaries ranging from $45,000 to $130,000 annually.

    You might want to try it some day.


    * NOTE: Apparently our health insurance plan is considered "too good" and falls under the "Cadillac Plan" classification in Obamacare. We are currently evaluating whether or not to discontinue our current health insurance benefits.



    So basically your parents provided the seed funding for your business and yet you pretend to be a scrappy entrepreneur and your day job provides you with benefits and security regardless of what happens to your business. Glad to see you admit it but whatever little credibility you had left for your views has completely evaporated.


    Yep - a whole $1000 to cover the attorney fees and incorporation fees associated with forming the corporation as a legal entity.


    That's $1,000 that tens of millions of Americans don't have access to, let alone having a stable, union job that allows them to take the "risks" you did in establishing your business.


    OK - let's just let the government make a "program" for every conceivable need that a citizen - or illegal immigrant - here in the USA may have.


    You're just swinging wildly now that you have exposed yourself as a complete and utter hypocrite.
  • Posted by a hidden member.
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    Apr 28, 2012 4:44 PM GMT
    southbeach1500 said
    Christian73 said
    You're just swinging wildly now that you have exposed yourself as a complete and utter hypocrite.


    As if I wasn't viewed as a "complete and utter hypocrite" with "no credibility" by the liberal hens prior to today? icon_lol.gif


    I was giving you the benefit of the doubt that you had started your business on your own. But, no, you had parents in a position to help you, so you can lose the "self-made man" argument because it's bullshit.
  • Posted by a hidden member.
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    Apr 28, 2012 5:20 PM GMT
    southbeach1500 said
    Christian73 said
    southbeach1500 said
    Christian73 said
    You're just swinging wildly now that you have exposed yourself as a complete and utter hypocrite.


    As if I wasn't viewed as a "complete and utter hypocrite" with "no credibility" by the liberal hens prior to today? icon_lol.gif


    I was giving you the benefit of the doubt that you had started your business on your own. But, no, you had parents in a position to help you, so you can lose the "self-made man" argument because it's bullshit.


    Yep, because if I didn't have that $1000 loan, there was no way I could have continued on with the formation of the business.... Right....

    You have no clue about how to start a business, so stop passing judgment on those of us who have.


    Yeah, it's not like I started a foundation two years ago that is now receiving national attention. icon_rolleyes.gif
  • Posted by a hidden member.
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    Apr 28, 2012 5:32 PM GMT
    southbeach1500 said
    Christian73 said
    You're just swinging wildly now that you have exposed yourself as a complete and utter hypocrite.


    As if I wasn't viewed as a "complete and utter hypocrite" with "no credibility" by the liberal hens prior to today? icon_lol.gif

    dn10619-1_550.jpg


    That pic makes as much sense as this one of conservatives:

    images?q=tbn:ANd9GcSVp8dgHOsD93VIdr4xiCx
  • mke_bt

    Posts: 707

    Apr 28, 2012 11:55 PM GMT
    southbeach1500 said
    Christian73 said
    You're just swinging wildly now that you have exposed yourself as a complete and utter hypocrite.


    As if I wasn't viewed as a "complete and utter hypocrite" with "no credibility" by the liberal hens prior to today? icon_lol.gif

    dn10619-1_550.jpg


    The one on the right is a rooster, not a hen.
  • Posted by a hidden member.
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    Apr 29, 2012 12:56 AM GMT
    Personally I think its admirable for anyone to start any business, foundation or whatever interprize to support oneself and his family/Partner. But lets face it, there are very very few of us who didn't receive some kind of assistance to get started toward success. Very few had the luck to start out on some minimum wage job or with little more than subsistnce wages and ended up successful without some kind of help. Where's the wrong in it coming from some government program/educational assistance where a person has no other resource ? If thereby millions more become successful, doesn't all of society gain ?

    Most of us had some assistance, some boost or a good example at the very least to follow at reaching success, so why should we begrudge forming programs that open doors for those less fortunate, after all there are many with the desire, the energy and the drive to accomplish things if they're just given a chance.

    At my age I love to see a young man striving for and being successful at something, I certainly won't look down on him if he takes some opportunity that opens up for him to do even better, I don't care where the 'hand up' comes from, whether from family, a friend, a benefactor or some government program.
  • kuroshiro

    Posts: 786

    Apr 29, 2012 2:38 AM GMT
    I just... whaaaat? Where does he get that from? 45% of all Americans are either poor or just scraping by the poverty line so how does he figure they have a 'spare thousand' lying around to borrow? Not only that, banks aren't exactly going to just fork over money for risky endeavors like that anyways. Even if you start a business, you don't even begin to see a profit on it for at least five years at the earliest, maybe even ten.

    He really is out of touch.
  • conservativej...

    Posts: 2465

    Apr 29, 2012 2:56 AM GMT
    kuroshiro saidI just... whaaaat? Where does he get that from? 45% of all Americans are either poor or just scraping by the poverty line so how does he figure they have a 'spare thousand' lying around to borrow? Not only that, banks aren't exactly going to just fork over money for risky endeavors like that anyways. Even if you start a business, you don't even begin to see a profit on it for at least five years at the earliest, maybe even ten.

    He really is out of touch.


    Damn if you haven't had bad luck (or total lack of business accumen.). Five to ten years before a profit is made? My first business reached breakeven in fourteen months. It sold seven years later for $2.2BB.
  • kuroshiro

    Posts: 786

    Apr 29, 2012 3:14 AM GMT
    conservativejock said
    kuroshiro saidI just... whaaaat? Where does he get that from? 45% of all Americans are either poor or just scraping by the poverty line so how does he figure they have a 'spare thousand' lying around to borrow? Not only that, banks aren't exactly going to just fork over money for risky endeavors like that anyways. Even if you start a business, you don't even begin to see a profit on it for at least five years at the earliest, maybe even ten.

    He really is out of touch.


    Damn if you haven't had bad luck (or total lack of business accumen.). Five to ten years before a profit is made? My first business reached breakeven in fourteen months. It sold seven years later for $2.2BB.


    BB? BlackBerries? ButterBalls?

    You can break even early on, yes but what I've always read is that you won't see sustainable profit for five years. If you want to be optimistic: 2-3. Not everyone has the same luck. Granted, you say seven years later, which would fall into the growing the business or taking it to the next level (in your case handing it off to someone else and exiting).
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    Apr 29, 2012 3:50 AM GMT
    I think the intent of what he meant was do whatever you can to get some money to start a business. Borrowing from parents was an example. He could have mentioned borrowing from friends, scraping together money from savings. Couldn't many people driving a car have found one for $1,000 less and used that to help start a business?

    There are two reasons to take his words literally. First, to make the case as the article and many of the messages here have noted, he is out of touch. Second, and I think the real reason, is to marginalize any advice to do something and succeed. It goes against the notion that the "system is rigged" and nothing, including success, is possible
  • Posted by a hidden member.
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    Apr 29, 2012 4:05 AM GMT
    I started a business late in life nine years ago. Took a couple years to get things going only to experience close up the massive RE crash beginning 3rd quarter 2008 so spent about all I had saved to survive the three years of the downturn. Now I'm getting things moving again. I stuck it out and didn't quit.

    It would help hugely if we woke up November 7th to a new POTUS.