RE: Romney’s Advice To Students: Borrow Money From Your Parents

RE: Romney’s Advice To Students: Borrow Money From Your Parents (Full Version)

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kalikshama -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 11:58:15 AM)
quote: Yeah, sure. Borrow money from my parents to go to college. The amount my mom had at any given point wouldn't have gotten me TO the college, much less pay for anything there Uncle Sam put me through college.

BKSir -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 12:04:07 PM)
quote: ORIGINAL: kalikshama quote: Yeah, sure. Borrow money from my parents to go to college. The amount my mom had at any given point wouldn't have gotten me TO the college, much less pay for anything there Uncle Sam put me through college. Ditto. Student loans, grants, scholarships... Which are now paid back, and I'm now running a... well... not yet "successful", but currently breaking even business. One which pays into the US Tax system. Too much for my wallet to be happy about it, but all things considered, not bad at all. I've gotten where I am, not because I have insanely wealthy family (which I don't), not because I am a shark and bought out companies, liquidated their assets and people, and then sold them overseas from behind a desk, but because I buckled down and worked my ass off, and still do. Something that the Romney's will never understand.

tennisman2388 -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 12:41:09 PM)
Of course this is part of the coordinated talkng points for the left....namely that Romney is a rich, out of touch millionare. Most jobs are created by small businesses, and frankly this President doesn't have a clue about how to create (or at least stay out of the way of) private sector growth and job creation.

thishereboi -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 12:43:11 PM)
quote: ORIGINAL: tennisman2388 Of course this is part of the coordinated talkng points for the left....namely that Romney is a rich, out of touch millionare. Most jobs are created by small businesses, and frankly this President doesn't have a clue about how to create (or at least stay out of the way of) private sector growth and job creation. Well if Mitt doesn't want to be painted that way, maybe he shouldn't say such stupid shit.

BKSir -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 12:44:52 PM)
quote: ORIGINAL: tennisman2388 Of course this is part of the coordinated talkng points for the left....namely that Romney is a rich, out of touch millionare. Most jobs are created by small businesses, and frankly this President doesn't have a clue about how to create (or at least stay out of the way of) private sector growth and job creation. Not that you're denying that he's rich and out of touch, of course. And having a president that is completely out of touch with anything resembling reality is just fine. Worked great for the last guy.

fucktoyprincess -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 1:28:49 PM)
quote: ORIGINAL: tennisman2388 Of course this is part of the coordinated talkng points for the left....namely that Romney is a rich, out of touch millionare. Most jobs are created by small businesses, and frankly this President doesn't have a clue about how to create (or at least stay out of the way of) private sector growth and job creation. You are not going to create private sector growth and job creation by having Mom and Pop wipe out part of their retirement fund. Trust me, given the failure rate of most new businesses the economics of Mom and Pop lending money to their children for business ventures will not work in the country's favor. Small businesses only create jobs IF they get off the ground. Staying out of the way of the private sector is exactly what got us into this mess. If government had had a tighter rein on the financial industry the last two decades we wouldn't be in this economic mess. Relying on the private sector is exactly why there is financial and economic downturn right now.

Musicmystery -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 1:44:47 PM)
quote: ORIGINAL: subrob1967 So your against good advice? Not surprised. Just another FD throw crap and hope it sticks thread... Nothing to see here, move along. I can tell you what my parents would have said. It didn't work for a car, didn't work for a house, and wouldn't fly for a business. That's assuming people's parents have it to give. In my house, you become an adult and go out and prove it. In Mitt's house, you grab your inheritance. Not surprising...borrow and spend. I agree on the starting a business point. But it will have to be a start on a shoestring. Which is certainly possible. It's what I did.

tennisman2388 -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 1:46:03 PM)
Well....I look at Romney's wealth as a testiment to his hard work and business accumen.....that certainly was the traditional view (think Horatio Algier), prior to this socialist distopia that is now engulfing us. Furthermore, it's the individual that is responsible for their own college education costs. Perhaps this is what Romney was suggesting.....if not, he should have been. Somehow......in a very short period of time, we've arrived at the mistaken notion that every financial challenge (health care, college, unemployment, whatever) requires a government solution in the name of "fairness". If this mindset continues, it will be the ruin of us.

hlen5 -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 1:55:04 PM)
If people operate on the pay as you go system, they don't have to worry about paying family back. You want to create a business? Start small enough so you can pay as you go. We need to get back to not using credit if at all possible. Does anybody listed to Dave Ramsey? I believe Romney is out of touch. He's been working on OPM (Other people's money) his whole life.

Moonhead -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 2:03:59 PM)
quote: ORIGINAL: tennisman2388 Well....I look at Romney's wealth as a testiment to his hard work and business accumen.....that certainly was the traditional view (think Horatio Algier), prior to this socialist distopia that is now engulfing us. I must have missed the Horatio Alger novel where the hero was put through expensive prep schools by his loaded parents then got lucky on business investments with money he borrowed from them. Was that in "Do And Dare"?

mnottertail -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 2:08:41 PM)
Considering the biography of a recent american president who went bankrupt in oil, with free loans backing him, it is comparatively Algerish, I suppose. One is a riches to riches story and more uplifting than a riches to rags story, anecdotally.

OsideGirl -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 2:28:54 PM)
quote: ORIGINAL: Iamsemisweet Hilly is right on this one, lending money to family members is a recipe for disaster, particularly given the failure rate of start up companies. The reason it could "possibly be worse" then Enron or Madoff is because not only is it very likely that the money will be gone, but it also likely to ruin Thanksgiving dinners and family reunions for years in the future. Hit the nail on the head.

Fightdirecto -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 2:34:26 PM)
quote: ORIGINAL: thishereboi quote: ORIGINAL: tennisman2388 Of course this is part of the coordinated talkng points for the left....namely that Romney is a rich, out of touch millionare. Most jobs are created by small businesses, and frankly this President doesn't have a clue about how to create (or at least stay out of the way of) private sector growth and job creation. Well if Mitt doesn't want to be painted that way, maybe he shouldn't say such stupid shit. You got it - almost everytime Romney opens his mouth, he commits another gaffe.

Mupainurpleasure -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 4:49:19 PM)
Or a skewed tax system that let him pay half your tax rate and claim salary as carried interest. Also a crony capitalist system that has killed innovation in favor of insiderinvasion. I mean one example. They buy a steel mill. Issue millions of new debt at high rates, call that profit and remove the cash, a few years later the firm is bankrupt and taxpayers have a huge pension bailout because that money Mitt made well...evidently It was fake profit but he still keeps it . Unlike if a family member went on Medicaid and they pursued transfers if he removed that cash a month earlier he keeps it. What's capitalist about making 20 million and giving me a 165 million bailout????? Wealth was destroyed at a profit . Capitalism isn't supposed to reward failure and success. Look at the massive "profits" made in investment banking from 2000-2008 and the fortunes made What was that? Was that capitalism? Did they create wealth? Did they create jobs or did they just act as parasites feeding on and destabilizing our system? The individual as responsible for his own college costs. If you want an even more rigid class based society and the American dream to remain the Canadian dream that's the path to take.Othe r g8 dream no longer american dream they climb we stagnate When you remove the ladder up you there is no American dream The last 30 years of taxcuts for the wealthiest, attacks on pell grants, student loans. Republicans policies are policies that ended the American dream. Yeah ended look up the demographics if you have no class movement to speak of then you really can't be doing a good job unleashing capitalist innovation can you? I mean if you die in the class born into doesn't that speak to talent meaning little? If another nation has movement doesn't that speak to talent mattering ? In Europe they move between classes because of the educational system. Here it is becoming harder to get an education w/o being born into and educated family because of cost. We leave huge talent pools untapped by choice. The GI bill made the middle class...conservatives Fought it, they fought the 2008 version, they fought spending on pell grants. If they actually had won all the policy battles they lost the last 70 years we would have no middle class. You realize how much innovation and wealth creation was unleashed by sending an entire generation qualified to go to college to college post ww2? My Dad went, son of a Carpenter, worked as a mechanic then went to MIT and designed industrial boilers for plastic and oil refining was published and worked fuel production and capacity for the Apollo program in 62-63. In Your America he would of been a great mechanic and one more untapped resource That's the kind of potential republican policies prevent and the future drag on economic growth a less educated workforce creates. No Gi bill no MIT. Today no student loan means no higher education. It's not about the individual "should" be responsible it's about the economic benefit of having a highly educated highly skilled workforce. Conservatives are all for maximizing natural resource production through tax breaks and subsidies... But your fierce demand poor people come up with 200k for a higher education is a short sighted and in the end bad for all of us attitude and keeps far more resources untapped than the wildlife refugee. The higher skilled the workforce the better for the entire economy. Cutting access to higher education and insisting on more high end taxcuts is the republican version of swing the axe at the goose that lays the golden eggs. Sure you'll get little more now but then what happens 15 years from now when we have half as many college graduates? We won't compete with West Germany on high end manufacturing we'll be competing for shitty jobs instead. Also Mitt is out of touch. It isn't his wealth either wealthy people can have contact with us plain folk Mitt just never really has or wanted to...period...If You can show me examples of him rubbing elbows with Joe average before his political career I'll take it back. He was a expensive prep school to Ivy League to powerful wealthy insider. You praised his wealth and ignore if he came from a poor family in your America it never happens because he never gets the education

Mupainurpleasure -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 4:52:38 PM)
quote: ORIGINAL: tennisman2388 prior to this socialist distopia that is now engulfing us. Thinng is in european countries and Canada the rise from your bootstraps story is true. It isnt true here. It kind of clashes with your point. The least likely place to live th American dream in the g8 is in America

Slavehandsome -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 4:53:52 PM)
Maybe they should borrow from the Chinese.

Mupainurpleasure -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 8:02:51 PM)
quote: ORIGINAL: Slavehandsome Maybe they should borrow from the Chinese. Not sure of the point here. I really dont see an argument to be made against making higher education as accessible as possible the GI bill and people like my Dad proved the value to the nation as a whole.

tweakabelle -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 8:25:45 PM)
If one's family is as loaded as Romney's is, then borrowing 20K is kind of small change to them isn't it? Didn't I read somewhere that, currently, 1 in 6 Americans is living below the poverty line? Apparently these people don't exist in Romney's thinking. Excluding them from university is one way of ensuring that they remain below the poverty line forever. Here, university is Government funded and students can obtain loans from the Govt to pay their fees, which they repay as tax after graduation, once their income exceeds a certain level. This enables University education to be available to all who merit it, not merely those who can afford it. It seems to me that excluding talented students who are unable to afford college fees is a huge waste of talent, and that society is general ends up paying the price for these needless exclusions.

Hillwilliam -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 8:30:04 PM)
Personally, I'm trying to figure out how you can start a business that has a hope in hell of succeeding with 20 Grand.[8\|]

erieangel -> RE: Romney’s Advice To Students: Borrow Money From Your Parents (4/30/2012 8:48:02 PM)
Romney doesn't know how most of us live. My son would love to open a small restaurant. I work full-time and still earn poverty wages, so I can't finance him. I can't even help send him to culinary arts college. [:(] Romney's policies would keep people like my family poor with few options and little hope.

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