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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. She is currently on leave.
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Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero � all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

In it to win it

By Megan McArdle
Jan 16 2008, 8:28 AM ET Comment

I understand that primary voters may be supporting Hillary and Mitt Romney for entirely non-strategic reasons; that they simply think theirs is the best candidate for the job. I'm pretty sure that this is why, for example, Greg Mankiw has signed on with the Romney campaign. I don't find it hard to believe that Mitt Romney is the best of all the Republican candidates; indeed, I think that's probably true, in terms of whom I would most like to see govern the country.

But economic advisors shouldn't behave too strategically; they can't be effective with a candidate who is too far from their beliefs. Voters in a primary, on the other hand, aren't just picking the person who is closest to their beliefs; they are picking the person who is closes to their beliefs, and can beat the candidate from the other party, who presumably is farther from their beliefs.

Mitt Romney is having trouble inspiring Republican voters, which bodes ill for his fate in the general election. Hillary Clinton inspires voters on both sides, but what she inspires in Republicans and many independants is a visceral and passionate loathing.

Despite the chirpy news stories about long-time Republicans changing their party affiliation, Democrats will probably win the 2008 election for two reasons: disgusted independents voting Democratic, and Republicans staying home in despair. But independents don't like Hillary, which is why she does the worst of the major Democratic candidates in head-to-head polling. And Republicans almost all hate her. Put her up and the Republicans don't need to bother with a turnout operation; their voters would pull themselves to the polling place with their tongues if that's what was necessary to cast a ballot against That Woman. Given how little daylight there is between the Democratic candidates on policy matters, I find it hard to understand why you would vote to nominate the candidate with a strong chance of losing the general election.

It's easier to understand on the Republican side--a fair number of my Republican friends join me in trembling at the thought of Giuliani in office. Still, I presume that most Republicans would prefer to have McCain actually in office than a Romney loss to Obama.

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