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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. She is currently on leave.
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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.

Blame Obama for the Job Losses?

By Megan McArdle
Nov 10 2009, 11:17 AM ET Comment

Did Obama bring criticism for the state of the job market upon himself?  After all, he promised his stimulus package was going to create or save millions of jobs.

Eh, I'm underwhelmed.  Bush made similar claims about the powers of his tax cuts.  That's what presidents do:  claim that they have magical powers over the economy.  Then when things get better, they take credit, and when they don't, they claim things would have been even worse without them.



Perhaps they deserve to take a beating from the voters for the state of the labor market, which is sort of irrelevant, because whether or not they deserve it, they definitely will.  But I'm as inclined to believe that presidents claim these magical powers because voters demand them, as that the causality runs the other way.

But op-ed columnists should not encourage these beliefs by writing columns demanding that the president exercise his magical powers.  That energy would be better spent making fun of the president when he makes those sort of promises, and explaining that after all, the president is not the Labor God.

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