Free Republic
Browse · Search
News/Activism
Topics · Post Article


1 posted on 04/30/2012 8:21:17 AM PDT by EternalVigilance
[ Post Reply | Private Reply | View Replies ]


To: EternalVigilance

Well thats going to get him nowhere .....

I appreciate that he likely meant it is better to NOT go deep into debt when starting out - but telling someone from a working family that is just barely making it from month to month to “borrow from your parents” is extremely naive and just gives MORE ammunition to the liberals that Mittens is nothing but a spoiled rich kid ....


2 posted on 04/30/2012 8:26:01 AM PDT by An.American.Expatriate (Here's my strategy on the War against Terrorism: We win, they lose. - with apologies to R.R.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Clueless Joe Biden is starting to look smarter...


3 posted on 04/30/2012 8:26:21 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance
As much as I hate to agree with Romney, he's correct on this count.

I say this an a retired investment banker who has done a fair share of VC deals, particularly at the mez level...most new businesses at the start up level have to hit up friends and family.

4 posted on 04/30/2012 8:26:47 AM PDT by RoosterRedux
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Worst Republican candidate, ever.


5 posted on 04/30/2012 8:28:10 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

I’ll bet you $10,000 that he will regret saying that.


6 posted on 04/30/2012 8:29:51 AM PDT by ClearCase_guy (Like Emmett Till, Trayvon Martin has become simply a stick with which to beat Whites.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

That’s probably how he intends to run our country, only it will be tax our parents AND borrow from our children.


8 posted on 04/30/2012 8:38:17 AM PDT by DannyTN
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

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

Hey, it worked for Mitt! Or maybe Mitt’s daddy just GAVE him his grubstake. Shoot, that’s even better! Ask mom and dad to get you all set! It’s the American way!

(double facepalm)

(particularly since mom & pop are prolly already in hock up to their eye teeth...)


9 posted on 04/30/2012 8:38:37 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Getting financing from either your own personal equity (savings, home equity, selling assets) or borrowing from family members is actually one of the first places new ventures are advised to look for financing.

Start-up businesses are risky and bringing in your family as a partner instead of big banks is often a better solution. You have a partner who will work with you, not against you. You also can avoid a bank taking everything and ruining future prospects if it doesn’t succeed.

http://www.inc.com/guides/finance/20797.html

(note, this is not a plug for Romney, it is just sound advice).


10 posted on 04/30/2012 8:39:11 AM PDT by mnehring
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Borrowing from parents is *so* 1950’s.Getting free $$$ from the government (with a small campaign kickback to the Party in power) is so much more....fair.The second option,of course,is what “the 99%” claim the right to do.


16 posted on 04/30/2012 8:43:07 AM PDT by Gay State Conservative (Unlike Mrs Obama,I've Been Proud Of This Country My *Entire* Life!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

what ever happenned to “get a job and work your way through colege”?


17 posted on 04/30/2012 8:43:20 AM PDT by camle (keep an open mind and someone will fill it full of something for you)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Well, considering that Romney’s support of bailouts amounts to borrowing from our children, maybe the kids are just getting it back?


21 posted on 04/30/2012 8:51:42 AM PDT by Yashcheritsiy (Anybody but Obama and Romney)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Steve Jobs started Apple in his parent’s garage.

Michael Dell started Dell Computer in his dorm room at the University of Texas, with financial help from his parents.

This is a historically common practice, it has it’s risks (if you fail); but a family member who has the money, may be a better alternative than a bank in many cases. Lower interest rates - and freedom to run your company with minimal oversight.


22 posted on 04/30/2012 8:51:42 AM PDT by Hodar ( Who needs laws; when this FEELS so right?)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance
Totally edited to remove key context. Romney was encouraging young people to take risks and be entrepreneurs. His exact quote was "Borrow money if you have to ... from your parents. Start a business." This was in reference to the example of Jimmy John Liautaud, who started a sandwich shop by borrowing money from his father in return for giving his father an interest in the business. Two years later he bought out his father's interest.

That said, the MSM is going to parse and selectively edit every word Romney says.

23 posted on 04/30/2012 8:54:43 AM PDT by magellan
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Good f****** grief!

RINOmney is beyond “vapid dorkiness”.

We have to get a real male, with real cojones and a functional brain as our nominee if we want any chance of defeating the Cretin-in-Chief.

The only person that I hate, dispise, loathe, and f*rt in the general direction of more than the Obamaloon is RINOmeny.

Really, America, are these two dorks the best we can do?

Hell, go to any of out military academies and you’ll get much higher quality. (Carter excepted...even academies make big mistakes occasionally.(


25 posted on 04/30/2012 9:00:03 AM PDT by Da Coyote
[ Post Reply | Private Reply | To 1 | View Replies ]

To: All

I think that it would be very helpful to know that the original poster of this article is running for President.

http://www.tomhoefling.com/


29 posted on 04/30/2012 9:16:23 AM PDT by netmilsmom (I am Breitbart)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Genius!


31 posted on 04/30/2012 9:18:07 AM PDT by servo1969
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

“Just borrow money from your parents”

I tried that. They said “Aaah No!” So I worked in the corporate structure for 23 years and then started the business out of my savings. Worked out OK.


37 posted on 04/30/2012 10:09:35 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

Yeah, well, better that than to take from the taxpayer.


38 posted on 04/30/2012 10:15:13 AM PDT by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies ]

To: EternalVigilance

That’s what I told my children — better to borrow within the family if you can. Of course, you have to be a strong family to pull it off, but people who have grown up in strong families don’t really think much about how it is for people who don’t.


39 posted on 04/30/2012 10:53:23 AM PDT by CharlesWayneCT
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson