Romney to Go-Getters: Borrow $20K From Parents?

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." (More Mitt Romney stories.)