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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.

On Hold

By Megan McArdle
Jan 20 2010, 11:51 AM ET Comment

I mostly agree with this post by Ezra Klein.  I don't, in fact, think that having a new head of the TSA would have prevented the attempt to bomb a plane.  But that's really neither here nor there.  The holds on the presidents nominees have gotten entirely out of hand, and are beginning to seem more like spite than anything else.

On the other hand, I expect that's going to change.  Republicans are obstructive because until now, the administration hasn't had any interest in them.  Olympia Snowe, yes, because she has the magic power to make bills "bipartisan".  But progressive myth-making aside, with 60 votes in the Senate, no one has tried very hard to do anything that would make bills a win for both Democrats and Republicans.  I'm not saying there's anything wrong with it--why would you seek compromise if you had sixty consistent votes?  As a result, however, what's left for the Republicans is voting no on everything, because there's rarely much advantage to voting yes--they get no credit if it passes, but they get to share the blame if it fails.

Now, on the other hand, Republican votes become more attractive--the president is going to want to pass more things that get a lot of Republican votes, i.e. are quite popular.  So I expect the number of holds will go down--perhaps more will be initiated strategically, but the president is now going to have bargaining chips to buy them off.  Or so I mote.


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