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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.

It's just like a gang of white thugs are ransacking my house

By Megan McArdle
Feb 12 2009, 2:36 PM ET Comment

THe "evidence" that Arnold Kling is racist rests on two quotes.  One seems to have originated with Adam Serwer of TAPPED, and I'm frankly shocked that his magazine let it stand, it's such a grievous selective quotation.

Quoth Serwer:  "Oh, and in case you didn't know, our president is black so it's not a stimulus bill, it's a "reparations" bill."  Oh, that's awful!  That must be why he chose to hide the actual quotation from his readers' delicate eyes:

Why is the stimulus bill so filled with non-stimulus while it omits real stimulus measures, such as cutting payroll taxes?

I think the answer is that it is a reparations bill, not a stimulus bill. People who pay income taxes tend to vote Republican. People who live off taxes tend to vote Democratic. To the Democrats, the Bush tax cuts were a heinous evil, comparable to Germany's violation of Belgian neutrality in World War I. Now, they are demanding reparations, with hundreds of billions of dollars to be paid into teachers unions and other members of the coalition that won the election.

Most of the bill makes no sense from a stimulus perspective. But all of it makes sense from a reparations perspective.

I mean, okay, it's not exactly nice to compare a person to the French government, but I wouldn't go so far as to call it racist.

The other heinous quotation:

Barack Obama is destroying my daughter's future. It is like sitting there watching my house ransacked by a gang of thugs.

James Wolcott snarked:

Now if Kling can't comprehend the implication of racial menace encoded in daughter-gang-thugs/home invasion, he's either fatuously clueless--too innocent for this wicked world--or weaselly disingenuous, and a drama queen either way. Did he feel the sanctity of his home was being violated when the costs of the Iraq war shot into outer space? Did he picture marauders smashing cherished mementoes when Hank Paulson introduced TARP? Anytime Obama's name and "thug" are thrown in close proximity, it's a pretty sure bet that the speaker or author intends to fan the anxiety and animosity of those who think Obama's presidency represents black grievance gloved with the iron fist of the state--and out to punish whitey.

Only, it turns out that . . . er. . . the "thugs" quote was referring to Paulson.  Kling added that he felt like those thugs had just been replaced with a new gang, which a liveblogger at Heritage trimmed down to the politically punchier version.

This is why it's a bad idea to turn the volume on the racism charges up to 11; if you're wrong, it turns out that you were self-righteously . . . slandering someone.

Oddly enough, no one in the daisy chain except our own Andrew Sullivan has been interested enough in Kling's racism to post a correction when it turned out to be mostly imaginary.






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