Ouch!

Joe Biden: “The Bain way may bring your firm the highest profit. But it’s not the way to lead your country from its highest office.”

“Mitt Romney grew up in Detroit. His father ran American Motors. Yet he was willing to let Detroit go bankrupt. It’s not that he’s a bad guy. I’m sure he grew up loving cars as much as I did. I just don’t think he understood—I just don’t think he understood what saving the automobile industry meant-to all of America. I think he saw it the Bain way. Balance sheets. Write-offs.

“Folks, the Bain way may bring your firm the highest profit. But it’s not the way to lead your country from its highest office.”

– Joe Biden, giving the speech of a lifetime

Author: Mark Kleiman

Professor of Public Policy at the NYU Marron Institute for Urban Management and editor of the Journal of Drug Policy Analysis. Teaches about the methods of policy analysis about drug abuse control and crime control policy, working out the implications of two principles: that swift and certain sanctions don't have to be severe to be effective, and that well-designed threats usually don't have to be carried out. Books: Drugs and Drug Policy: What Everyone Needs to Know (with Jonathan Caulkins and Angela Hawken) When Brute Force Fails: How to Have Less Crime and Less Punishment (Princeton, 2009; named one of the "books of the year" by The Economist Against Excess: Drug Policy for Results (Basic, 1993) Marijuana: Costs of Abuse, Costs of Control (Greenwood, 1989) UCLA Homepage Curriculum Vitae Contact: Markarkleiman-at-gmail.com