Who's on First? Medicare Edition
Liveblogging World War II: August 16, 1942

Romney's Plan for Dealing with Unemployment: Have the Unemployed Borrow Money From Their Fathers and Start Businesses

And to think that this is the best of the Republicans running for president.

Steve Benen:

Romney: "Always choose wealthy parents": Back in April, Mitt Romney delivered one of his more memorable pieces of advice….

Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business….

The line was significant because of what it told us about Romney's approach to economic opportunities. If you're a young person who can't afford rising college tuition rates and/or don't have the resources to launch a business venture, the GOP's would-be president has some advice for you: choose wealthy parents.

I mention this because a very similar point came up yesterday….

I met a guy, you may know him, Jim Liautaud, you know Jim. Jim didn't do so well in high school. He graduated number two from the bottom of his class. And he went to his dad and said, 'Look, college isn't in my future. Can I get a loan from you to start a business?' And after a little discussion, his dad agreed to give him a loan. He went out and looked to see whether he could get one of these griddles to make hamburgers and those rollers to make hotdogs and found out they were more expensive than the money he had. The only thing he could make with the money he'd borrowed from his dad was sandwiches. So he set up some tables in a garage and made sandwiches and then he delivered them to the workplace to people who wanted them. Now Jimmy John has 1,200 restaurants across this country. That's the kind of entrepreneurial spirit that you see in Americans across the country. You see, these individuals don't look to government, they instead look to themselves and say, 'What can I do to make myself better?'

It's a perfectly nice story and I'm glad Jim Liautaud has been successful. He had a good idea and produced a good product. More power to him.

But I don't think the story means what Romney thinks it means….

[W]hat about the folks who also have the building blocks for success -- the individual initiative, the drive, the ingenuity, etc. -- but don't have parents with large amounts of disposable income? In Romney's vision, these people are simply out of luck. Higher education isn't an option -- young people who can't afford to go to their college of their choice should "shop around" for some other institution, because a Romney administration doesn't intend to help with Pell Grants or student loans -- and entrepreneurial opportunities aren't really an option, either -- Romney believes small businesses should depend on parental aid, not governmental aid….

[M]y point isn't to mock Romney…. [W]hat matters here is that Romney is actively opposed to… [a] level… playing field…

But why not mock Mitt Romney?