Skip Navigation
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.

Politico's 'Doc Fix' Memo: Fake, But Accurate?

By Megan McArdle
Mar 19 2010, 3:37 PM ET Comment

Update:  Please READ THE POST before launching into your attacks.  Hint:  the headline is name checking a famous quote, not suggesting that this was a valid idea.  Had you read the post before beginning your cringe-inducing denunciations of my "hypocrisy", you would have, um, known that.

It's widely believed that the Democrats have been holding the "doc fix" above the head of the AMA in order to keep them out of the health care fight.  This is not just believed on the right; I don't know any left wing pundits who believe that there is any chance that Congress will allow the "automatic" cuts to Medicare doctor reimbursements to take effect, because that would result in a 21% fall in payments--and a mass defection of doctors from the program, as Medicare patients suddenly became literally money-losers.  A mob of angry seniors would descend on Congress with pitchforks shortly thereafter.

The fact that Democrats keep doing very short-term temporary fixes to the program--the current one is just for a month or so--while saying they want to do a permanent fix, seems to make it clear that this is the price of AMA support.

So naturally, when a memo was posted on Politico, allegedly from some Democratic communications person, that seemed to be evidence for exactly such back-room dealing, the right half of the blogosphere leaped on it.

Democrats, however, are saying it's a fake, and Politico has taken it down. 

I've seen the memo, and If it's a fake, it's a very good fake; just as people who write political dramas and novels can almost never bear to give the opposition any convincing arguments, the kind of people who write the fakes I've seen generally make the alleged authors sound like unreasonable buffoons.  This memo actually makes some compelling arguments for the Democratic side, which is one reason to believe that it might be real.  (The other major reason, as far as I'm concerned, is that Politico posted it; one assumes that they vetted it somehow).

On the other hand, there are also reasons to be suspicious:

1)  The memo nowhere identifies where it's from
2)  There are several very juicy, very damning bits, and I am always suspicious that people would actually put such things into writing
3)  In some subtle way that I can't put my finger on in any particular quote, the memo writer tends to make the GOP sound too convincing, too powerful
4)  Its appearance is at an awfully convenient time for the GOP--although of course, this is the actual time when communications memos are circulating.
5)  The Democrats are denying it's theirs; of course, if Politico can confirm the provenance, this will only elevate a minor kerfuffle into a big story.

If it's a fake, "fake but accurate" is not a defense.  I mean, it may be of Politico, provided they act swiftly to rectify the mistake.  But rightwing bloggers should not do what the left did in the Dan Rather case, and insist on its accuracy well past the point of reason.  There are decent reasons to worry that it's a fake, and no one should circulate the talking points from the memo until the provenance has been confirmed.


Presented by

More at The Atlantic

The agony of Nabeel Rajab The Plight of Bahrain's Informal Activist Leader
Why Israel Might Believe Attacking Iran Is Worthwhile Why Israeli Leaders Might Believe Attacking Iran Is Worth the Effort
The Fearlessness of Jeremy Lin The Fearlessness of Jeremy Lin
In Memphis Classrooms, the Ghost of Segregation Lingers On In Memphis Classrooms, the Ghost of Segregation Lingers On
The Reverent, Ridiculous Grammys The Reverent, Ridiculous Grammys

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
Special Report
Election 2012 Reuters Election 2012
The destination for full politics coverage, from the primaries to the White House. Read more ›
View All Correspondents

The Biggest Story in Photos

Athens in Flames

Feb 13, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…

The Graduates

Busted banking careers, crashed consultants, and shrunken incomes: the author attends her 10-year…

Romney’s Business

The Republican contender touts his business experience—but does it really matter?