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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. More

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.

The nomination battle

By Megan McArdle
Apr 27 2008, 8:29 AM ET Comment

Arnold Kling summarizes quite succinctly just how much the stars aligned to put Obama in the lead:

Since my father's death, I have been trying to think about how to articulate his views on politics. Insider politics, as exemplified by Congressional earmarks defended here, struck him as normal and rational. Outsider politics, coming from libertarians or other radicals, struck him as irrational.

For the public at large, he took seriously the results of studies of voting behavior. Based on those, he predicted that Obama would not win the nomination, much less the Presidency. Historically, one's vote can be predicted quite well by one's parents' party affiliation, by one's ethnic group, and by one's economic class, in that order. I don't think my father took into account the Democratic Party's rules, which worked out this year to the detriment of Clinton by putting caucuses in states that she might have won as primaries, by negating a state with a large elderly population (Florida), and by negating a state with a large blue-collar population (Michigan).


Arnold thinks that as soon as the dust has settled, the party will unite behind the nominee.

I would guess that this will be less true of a Hillary Clinton nomination than of a Barack Obama nomination. The identity politics just doesn't resonate the same way for her base. For reasons that I can't quite articulate, I think that even the sixty year old women who strongly personally identify with her will be less angry and disappointed with a Clinton loss than blacks will at an Obama loss. If Kennedy had had the nomination snatched from him at the last minute because the party elders thought a Catholic couldn't win--or worse, because some Democratic voters were uncomfortable with a Catholic president--you'd have had a great deal of trouble motivating Irish-American turnout come November.

There are also the swingy Democrats who liked McCain in earlier Republican primaries. Those people are in the Obama camp right now. The war has changed the picture somewhat, of course, but Hillary will have a much harder time keeping Obama's supporters from defecting to the other side than he will hers. Obama also appeals to some of McCain's support among independents.

That said, I'm overall unconvinced by the large numbers of people who say that they'll vote for McCain if their candidate doesn't win. Most of them will fall back in line, and of the ones who don't, most of those will stay home. What problem there is comes down to turnout. If Barack Obama is the nominee, I expect that blacks will react the way the Irish-Americans, and to a lesser extent the Catholic community, did about Kennedy--i.e. if they had to stand in line on a bed of hot coals to vote for him, they'd happily do it. You'd barely need an urban turnout machine. Hillary motivates some women this way, I think, but not as many, and too dispersed to do the party much good.

Meanwhile, if Clinton is the nominee, the Republican turnout problem is largely taken care of--even people who are sick of Bush and don't much care for McCain will hustle to vote against her. No obstacle will be to great for those people to overcome; the polling place could be destroyed by a flash flood, and they'd just swim to the next town.

But it's not clear to me how big a problem this is for either party. The election still seems mostly like a referendum on Bush. Which spells Democratic victory in November.

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