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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 End of ACORN

By Megan McArdle
Sep 25 2009, 1:16 PM ET Comment

Atlantic correspondent Wendy Kaminer has a fairly scathing piece noting that ACORN has had problems for a long time--and that its defenders have always responded by dismissing any problems as "minor" and complaining that partisan interests are harming all the fine work it does.  Are the people who go after it partisan?  Undoubtedly, as were the people who exposed problems at Halliburton, etc.  But when your workers are caught on tape offering to help you smuggle your illegal underage prostitutes across the border, impugning the motives of the tapers hardly suffices.

I don't see how ACORN survives at this point; the IRS is the latest to pile on, severing ties with ACORN, and slapping a tax lien for unpaid payroll taxes on top of that blow.  The lawsuit seems like an even worse attempt--less of a Hail-Mary Pass than an own-goal.  At best, it keeps this distressing story in the news, more firmly impressing it into peoples' consciousnesses and making it therefore more difficult for Democrats to quietly let the organization back on the government gravy train at some future date.  At worst, the lawsuit opens up ACORN to discovery, during which the defense can plunder their records.  ACORN appears to be trying to avoid this fate by suing for intentional infliction of emotional distress rather than defamation (for which truth is an absolute defense).  But that just makes it more likely that the case will be removed to federal court and dismissed.  When that happens, the public mind will not make fine distinctions about legal doctrine.  They'll just remember that a judge thought ACORN was in the wrong.

Liberals have legitimate reason to be mournful--they think ACORN does good work.  But no organization is irreplaceable.  Voters can be registered, tax advice proffered, and federal monies disbursed without ACORN's dubious help.


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