You can't really get upset with Harvard man Mitt Romney for disparaging Obama for being a Harvard man. After all, Romney is just reciting words on a card that someone (probably a Harvard grad) has instructed him to read aloud.
IvyGate points out the following facts, among others:
Mitt Romney holds not one, but two degrees from Harvard: a JD and an MBA earned in 1975, when he graduated in the top 5% of his class.
Three of Romney's sons graduated from Harvard Business School (and also none have served in the armed forces).
Mitt Romney gave $50,000 to Harvard Business School in 2003.