Romney advises students to borrow money from their parents to go into business
In his latest effort to prove that he really does inhabit a different world from the rest of us, presumptive Republican presidential candidate Mitt Romney advised students at a Ohio university on Friday to pursue success by borrowing money from their parents to start their own business.
“This kind of divisiveness, this attack of success, is very different than what we’ve seen in our country’s history,” Romney told the Otterbein University audience. “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.”
He then went on to talk about the founder of Jimmy John’s restaurant chain, who established his first sandwich shop in 1983 after obtaining a $25,000 investment from his father in return for a 48% share of the business.
That chain was most recently in the news when the Industrial Workers of the World attempted to unionize its mostly minimum wage workers and again when union members were fired by a local franchise owner for handing out posters claiming that their lack of paid sick days put the health of customers at risk.
This video was uploaded to YouTube by Think Progress on April 27, 2012.