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Derek Thompson

Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website.
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He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.

Maps That Shouldn't Surprise Me

By Derek Thompson
Aug 21 2009, 11:57 AM ET Comment

Correction time! Yesterday I wrote a rather dumb post about how a ProPublica map seemed to suggest, bizarrely, that New York state had received a whopping one-third of our committed stimulus cash. That would have been truly remarkable and insidious indeed, but as it turns out, it was a map of TARP funds for banks. And as you may have heard, New York has some of those. Let's all take a look at this map again.




bailoutmapstate.png

Far from insidious, this is pretty much the definition of unsurprising. New York has the financial district. North Carolina has Bank of America. Virginia has Freddie Mac. Also Matt Yglesias makes a really good point that it's sort of bizarre to say that lending bailout money to a multinational bank based in New York City is the same as bailout money going, somehow, to New York.

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