Poll: Voters Think TARP Passed Under Obama

Reporting on Politics and Policy.
Aug. 11 2010 9:28 AM

Poll: Voters Think TARP Passed Under Obama

I expect Democrats to react with a combination of teeth-gnashing and head-in-hands-depression to this news , from Pew:

Only a third of Americans (34%) correctly say the Troubled Asset ReliefProgram (TARP) was enacted by the Bush administration. Nearly half(47%) incorrectly believe TARP was passed under President Obama.Another 19% admit they do not know which president signed the bankbailout into law. Notably, there is no partisan divide on the question.


Shines a light on what tea partyers mean when they say it was TARP that got them into the streets, doesn't it? Those 47 percent TARP Truthers* have something of a point, because candidate Obama voted for TARP, and his economic team continued the policy. (I am fascinated by the progressive, Krugmanian counter-argument that Obama's policies would have been more popular, the "socialism" charge levied less, if he just nationalized the banks.) But here's a reminder that voters don't really know why they're so angry. If a pollster asked people to differentiate between TARP, which shoveled money to banks that we'll get back (perhaps), and the stimulus, which shoveled money to states and taxpayers (sort of), I bet he'd find a complete muddle.

Hat tip: Jonathan Martin.

*I'm kidding, mostly, with this label.

David Weigel is a reporter for Bloomberg Politics



The Democrats’ War at Home

How can the president’s party defend itself from the president’s foreign policy blunders?

Congress’ Public Shaming of the Secret Service Was Political Grandstanding at Its Best

Michigan’s Tradition of Football “Toughness” Needs to Go—Starting With Coach Hoke

A Plentiful, Renewable Resource That America Keeps Overlooking

Animal manure.

Windows 8 Was So Bad That Microsoft Will Skip Straight to Windows 10


Cringing. Ducking. Mumbling.

How GOP candidates react whenever someone brings up reproductive rights or gay marriage.

Building a Better Workplace

You Deserve a Pre-cation

The smartest job perk you’ve never heard of.

Hasbro Is Cracking Down on Scrabble Players Who Turn Its Official Word List Into Popular Apps

Florida State’s New President Is Underqualified and Mistrusted. He Just Might Save the University.

  News & Politics
Sept. 30 2014 9:33 PM Political Theater With a Purpose Darrell Issa’s public shaming of the head of the Secret Service was congressional grandstanding at its best.
Sept. 30 2014 7:02 PM At Long Last, eBay Sets PayPal Free
Sept. 30 2014 7:35 PM Who Owns Scrabble’s Word List? Hasbro says the list of playable words belongs to the company. Players beg to differ.
  Double X
The XX Factor
Sept. 30 2014 12:34 PM Parents, Get Your Teenage Daughters the IUD
  Slate Plus
Behind the Scenes
Sept. 30 2014 3:21 PM Meet Jordan Weissmann Five questions with Slate’s senior business and economics correspondent.
Brow Beat
Sept. 30 2014 8:54 PM Bette Davis Talks Gender Roles in a Delightful, Animated Interview From 1963
Future Tense
Sept. 30 2014 7:00 PM There’s Going to Be a Live-Action Tetris Movie for Some Reason
  Health & Science
Medical Examiner
Sept. 30 2014 11:51 PM Should You Freeze Your Eggs? An egg freezing party is not a great place to find answers to this or other questions.
Sports Nut
Sept. 30 2014 5:54 PM Goodbye, Tough Guy It’s time for Michigan to fire its toughness-obsessed coach, Brady Hoke.