Poll: Voters Think TARP Passed Under Obama

Weigel
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.

Advertisement

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

TODAY IN SLATE

The World

How Canada’s Shooting Tragedies Have Shaped Its Gun Control Politics

Where Ebola Lives Between Outbreaks

Gunman Killed Inside Canadian Parliament; Soldier Shot at National Monument Dies

Sleater-Kinney Was Once America’s Best Rock Band

Can it be again?

Paul Farmer: Up to 90 Percent of Ebola Patients Should Survive

Is he right?

Science

“I’m Not a Scientist” Is No Excuse

Politicians brag about their ignorance while making ignorant decisions.

Technology

Driving in Circles

The autonomous Google car may never actually happen.

In Praise of 13th Grade: Why a Fifth Year of High School Is a Great Idea 

PowerPoint Is the Worst, and Now It’s the Latest Way to Hack Into Your Computer

  News & Politics
Politics
Oct. 22 2014 9:42 PM Landslide Landrieu Can the Louisiana Democrat use the powers of incumbency to save herself one more time?
  Business
Continuously Operating
Oct. 22 2014 2:38 PM Crack Open an Old One A highly unscientific evaluation of Germany’s oldest breweries.
  Life
Gentleman Scholar
Oct. 22 2014 5:54 PM May I Offer to Sharpen My Friends’ Knives? Or would that be rude?
  Double X
The XX Factor
Oct. 22 2014 4:27 PM Three Ways Your Text Messages Change After You Get Married
  Slate Plus
Tv Club
Oct. 22 2014 5:27 PM The Slate Walking Dead Podcast A spoiler-filled discussion of Episodes 1 and 2.
  Arts
Brow Beat
Oct. 22 2014 10:39 PM Avengers: Age of Ultron Looks Like a Fun, Sprawling, and Extremely Satisfying Sequel
  Technology
Future Tense
Oct. 22 2014 5:33 PM One More Reason Not to Use PowerPoint: It’s The Gateway for a Serious Windows Vulnerability
  Health & Science
Wild Things
Oct. 22 2014 2:42 PM Orcas, Via Drone, for the First Time Ever
  Sports
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.