Showing posts with label Megan McArdle. Show all posts
Showing posts with label Megan McArdle. Show all posts

Saturday, May 23, 2009

Edmund Andrews Follow Up

A follow up to the previous blog entry:

Megan McArdle has posted Edmund Andrews response, issued to PBS, but refuses to acknowledge its significance, carping that it wasn't issued to her. As Andrews explains, the first bankruptcy stemmed from the activities of her first husband, and was filed jointly with him because of legal reasons. The second stemmed from a loan from her sister, whose idea of resolving family conflict apparently involves lawsuits.

I feel that Andrews's response vindicates my position. His wife wasn't responsible for what happened. McArdle whines that she still qualifies as a "serial bankrupt," but I think Mrs. Andrews should be granted the benefit of the doubt.

Did the Andrews family make mistakes in their financial arrangements? Lords yes. Do they warrant the vilification they've received? Even Ms. McArdle admits they don't. Unfortunately, she seems unwilling to apologize for her role, however unintentional, in generating it.

Thursday, May 21, 2009

Megan McArdle, Econo-Fascist of the Week!!!

The Atlantic Magazine blogger Megan McArdle has just received a new, one time only award from this blog:

ECONO-FASCIST OF THE WEEK!!!

What has Ms. McArdle done to deserve this prestigious award? Her capping achievement is a blatant attempt to smear the wife of Edmund L. Andrews, a New York Times writer who has written a book, as well as an NYT Sunday Magazine article, regarding his financial troubles. McArdle basically uses his wife's financial history, which includes two bankruptcies, one apparently connected to a divorce,. to imply that Andrews, and her, are getting what they deserve, and that we should ignore calls for financial reform.

Such coldheartedness is characteristic of McArdle, who has opposed bailouts of California, the auto industry, and just about everyone except Wall Street. Charity does not seem to play much of a part in her vision of life and the world.

(Note: Yesterday, I printed a rather inflammatory comment about some of McArdle's friends, who died in 9 / 11. I apologize for this, both to Ms. McArdle and my readers. Although I stand by the feelings that provoked it, I should not have stooped to McArdle's level.)