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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.

Stimulate us!

By Megan McArdle
Jan 15 2009, 6:18 PM ET Comment

A few days ago, Obama was promising that 95% of working people would get a tax cut.  The House has scaled that back to make it more affordable.  It will be interested to see how the burgeoning young professional class that disproportionately supported Obama--the folks who are making good money, but living in expensive cities and still struggling with rent and loans--will take this.

The rest of the bill is about what you expected--a lot of probably useless green energy spending that I fairly confidently predict will come to nothing, some stuff we should have done anyway, and a bunch of pandering, porky highway spending.  The better the projects are, the less likely they are to be stimulative, because they're complicated and time consuming, like healthcare IT and high-speed rail.  If we do them on a stimulus timeframe, we'll screw them up, waste an enormous amount of money, and likely make American voters worse off in the long term by locking them in to bad solutions--we won't get a second bite at high-speed rail between LA and San Francisco.   Mostly, Democrats took their wish lists, called them "stimulus", and look set to inflict them on the American people in badly done drag. 

Now, what does that remind me off?  Rhymes with Whoosh Max Butts, I think . . .


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