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and
i think he said in the uh... the debate yet
he's made it on his own
on its face
if i didn't even have this story right here in front of me
i would say
this is a function
of the classic conservative delusion
it even more diluted coming from ron
because this guy's father
was a u_s_ senator
this guy's father it was the head
of a major u_s_ car company
let's assume for the moment
that disguise father
didn't give him eight dot
you're sixteen your out of the house that's it make it on your own
mascot if your college
i'm not gonna pay for your law school or your
business school
i'm not gonna pick your housing
i'm not gonna give you i'm giving i'm not gonna take your health insurance
i'm not a paper and they think
you get iran from made from the stand
if you get in trouble i'm not gonna help yah
and you're not gonna inherit anything
let's assume all those things
just for the sake of art
if you are raised in a household
where your father is a senator
or never mind senator
if your father is an attorney
if you're all right
intifada israeli
the chair of the largest
car company in the united states or author
ardor for four days
or if your father is the c_e_o_ of a small
but riding company
in a small city
you are automatically more advantage
never mind your skin color
you are are not a clean more advantage simply by the fact that you are exposed
to wealth
and to mechanisms that will accrue you wealth down the road
in ways
the vast majority of americans and
the vast majority
and if you don't appreciate that you have that advantage
that most americans
do not have
you are deluding yourself
if mitt romney had been completed
he cut off by his father
he would have had an advantage that most americans dot
but if i can matters mitt romney was not cut off
by his father
mit romney paper is uh... mitt romney's father paid for his college education
that's a huge bonus
so you graduate college
you do not have student
loans to pay off
which means that you have a much wider
set of options as to what you're going to do with your life
even if his father had not paid for his college and he didn't have any did have
student loans
the idea that your father's wealthy
and will come in
help you out
something horrible happens
if you take a business risk that
turns out not to work
if you get into a car accident
it gives you freedom of options
uh... i don't think i would have ever gone into
of the person professions that person
were not for the fact that i knew that
if i totally bottom out
i will not be living on the street
my dad's
millionaire but he was an attorney in uh... massachusetts
western is not the hope of
of international industry but
i knew that i could take certain risks as a twenty-year-old
talking about do bungee jumping
i could take certain risks with
uh... pursuing what i wanted to pursue in terms of
you know uh... that comedy
there was a much easier decision for me to make in if i had been
uh... that i had student loans or that i'd knew that of my dad's it
i don't care what i am rapper snoop you can be living on the street we may visit
here are down after the corner of but
that gave me
ed basically an insurance policy my back pocket
now let me take more risk
mitt romney's insurance posix celebrate in mine
despite the fact
uh... and disable
blogger it's same fax
dug up a boston globe story
from nineteen ninety four when uh... romney was running for senate
and his wife and ron he tells a story these were not easy years when we went
to be you b_y_u_
premium that's where
you have to understand i was raised in a lovely neighborhood as was met in other
words
we grew up is has very well pickets
and it b_y_u_ we moved into a sixty-two dollar-a-month basement apartment
sixty two dollars a month you know back i think this is early seventies maybe
uh...
uh... was actually not
food some money but still okay let's assume it's a dump
we were happy studying hard neither one of us had a job because met had enough
of an investment from stock that we could sell off a little at a time
so these eighteen-year-olds had a nice stock portfolio what was that
the stock came from its father when we took a lot when he took over american
motors
the stock was worth nothing
but investments birthday money year to year which of course we know all
americans get a bunch of my birthday money each year to year
it was a much of you thousand dollars
which actually bliss not an insignificant amount of money in
nineteen seventy but let's say if you is three thousand dollars
which is the list released them out afew thousand can be maybe it was six
thousand but let's just give him the benefit of doubt three thousand
and he put it into american motors because he believed in himself five
years later stock that had been six dollars a share
was ninety six dollars a share
so it was a few thousand dollars three thousand at six dollars a share we are
now talking about
eighteen thousand dollars
your apartment is sixty two dollars a month
and you have eighteen thousand dollars
you know every school bells doesn't sound to me like mick who didn't have a
job paid for his own school
at ninety six dollars if i do my math correctly
you had three thousand uh... dollars
that buys uh...
a stock at six dollars a share
right so it would he would have earner
how many shares were to get
i guess uh... uh...
two hundred mail
more lived worked and either i can't do the numbers but i'll tell you
uh... he did
it was sixty thousand dollars in nineteen sixty-nine which would be the
equipment of three hundred and seventy seven thousand in today's dollars
so they had in the bank
what would be the equivalent
of three hundred and seventy seven
thousand dollars
and they were roughing
now find you had a bad apartment
as she would say my father would have become wealthy through hard work as did
meet father air
and but i never expect their parents to take care of us guess what they did
they visit laugh and say we can't believe you guys are living like this
well you guys are living like college students in college
and by the time those four hard years
of college
widget would be horrible in security of knowing they only have
three hundred and seventy seven thousand dollars in the back inc
at age twenty
at sin
are dollars that they're in their dollars that was sixty six
that got one
loan from his dad
when they went to when he went to harvard law school presumably his
father's paying part of our
to buy eight forty two thousand dollar home in belmont
the mortgage payment was less than rent
it was four hundred dollars at the time when they moved to boston
i guess in the early seventies
and seven years later they sold it for ninety thousand dollars
so except for those tiny stakes now remember this is in nineteen seventy
dollars
off forty thousand dollar hole
public worth
three or four times at five times that
into interest in today's dollars
it's a three hundred thousand dollars starter home
that they sold for six hundred thousand dollars in today's dollars
uh... five hundred thousand dollars i mean
this is the deluge in at the right
even when they are handed
just about everything
relative to what most people are handed
peekskill think it's just been