Good advice for young entrepreneurs or another sign that Mitt Romney can't relate to ordinary Americans? Romney told Ohio college students yesterday that if they wanted to start a business, they should just borrow $20,000 or so from their parents, as a friend of his did. (Jimmy John of sandwich franchise fame, notes the New York Times.) "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 said at Otterbein University, notes the progressive blog ThinkProgress.
"The advice fits right into the characterization that Romney is ‘out of touch’ with regular people," writes Annie-Rose Strasser. "Most students don’t have parents with $20,000 in disposable capital sitting around to give to their kids to start a business."