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.
TODAY IN SLATE
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
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.
You Deserve a Pre-cation
The smartest job perk you’ve never heard of.