Only about a third of Americans (34%) know that the government’s bailout of banks and financial institutions was enacted under the Bush administration. Nearly half (47%) incorrectly say that the Troubled Asset Relief Program – widely known as TARP – was signed into law by President Obama.
For the record, the financial industry bailout passed in October 2008. It was requested by a conservative Republican administration (George W. Bush and Dick Cheney). It was enthusiastically endorsed by the House Republican leadership (John Boehner, Eric Cantor, and Roy Blunt), the Senate Republican leadership (Mitch McConnell and Jon Kyl), both members of the Republican presidential ticket (John McCain and Sarah Palin), and assorted, high-profile conservative voices (Mitt Romney and Glenn Beck).
That leads me to my latest limerick:
Selective Memories Bail Out Bush
By Madeleine Begun Kane
Disliking Obama is fine,
But please be correct when you whine.
Don’t like bailouts of banks?
It’s to Bush you owe “thanks.”
Was it signed by Obama? No! Nein!