Apr 29 - Mitt Romney to students who want to start their own business:Borrow money from your parents

Mitt Romney has some simple advice for students who want to start their own business: Just borrow money from your parents.

The presumptive Republican presidential nominee made the suggestion Friday during a pit stop at Otterbein University in Ohio.

Romney pointed to sandwich chain Jimmy John’s, in which owner Jimmy John Liautaud borrowed $20,000 from his father (in return for 48% of the business) to start the shop.

"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," said Romney, whose wealth is estimated upwards of $250 million.

He has been battling the perception he's out of touch with regular Americans.

"This is kind of an American experience," Romney said of Jimmy John's.

The former Massachusetts governor acknowledged the nation's economy was recovering but blasted President Obama for presiding over "the most anemic and tepid" comeback since the Great Depression.

Both Romney have Obama have been visiting college campuses in recent weeks in attempt to woo young voters.

The president has been pushing legislation that would keep interest rates from doubling on student loans. The GOP, meanwhile, has accused Obama of using students as an attempt to distract from the weak job prospects they will face upon graduation.

A new poll by Harvard University's Institute of Politics shows Obama leads Romney 43% to 26% among voters ages 18 to 29. However, a third of those polled were undecided.

Read more: Mitt Romney to students who want to start their ownÂ*business: Borrow money from your parentsÂ* - NY Daily News

He does know that a majority of working class parents don't have $20'000 right?....Way to show that connection Mitt....

Mitt is an idiot and the Republicans are practically giving Obama the 2012 elections by making him the 'presumptive nominee'. Better advice for these students would've been what most everyone else does for money. That is to work for it and put some of the money aside until you reach that 20K to fund your own dreams of starting a business. Since the money wasn't easy to get it'll make the students try harder, in the planning and operation phases, to make their business work. F* this borrow money !!. Make your own way.

I'm sure my parents don't have an extra 2000 dollars sitting around to invest in my dream and a know 20000 is totally out of the question but maybe that's just my fam

This man really has no idea how the other side is living

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Why the !! couldn't Ron Paul get the GOP nomination?

this guy is so out of touch. god help us if he becomes president

Couldn't agree more.

I still cant understand why people would vote for him.Unless you are super rich he should not even be considered.I have never seen such an idiot running for the presidency spot.Not only does he seem dumb/ignorant at most times,he is also out of touch with how the average American is living.

This dudes father was rich and passed it all to him.He has never known how to struggle or have the regular pressures from everyday life.

Dude is a joke and fake.

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My parents barely have $2 to let me borrow. I'm dying over here. Is this guy really this out of touch with reality????? !! is real out here on the streets. [pic]

He just chillin with his hundreds of millions, saying "I'd let my kids borrow money if I had stake in the business!"

Businesses are more destined for failure now, than they have ever been. I just can't imagine starting a business is a good idea if no one has jobs, or money to buy anything you're selling.

Muthafuhka! My moms borrows more money from ME than I ever did her! Lol
& my brother just moved out his BM's spot & needs help with rent at his new place. smh What about me Mitt?! What about my dreams?

Obama lookin at this like [pic] "What a way to connect with the people Mitt"

I dont know about everyone else but Im almost insulted by the fact that this !! really said...Just borrow it from your parents" Snoody rich people!!me the !! off....how many parents have 20K laying around, let alone that they can let their kid risk on a business....!! Mitt and the Republicans

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this !!ing moron....

mitt mitt mitt

[pic] This nicca told a country making 30,000 on average to go ask they moms for some money to start a record label!

Is this real life?

fuk that guy

Most of his votes will be "against Obama" than "For Romney". They don't even like him.

this cant be life...[pic][pic]