August 10, 2010

Was TARP Passed Under Bush or Obama?

34%

Just a third of Americans know that the bank bailout was enacted by the Bush administration; nearly half incorrectly say it was passed under President Obama.

In numerous polls, the public has voiced their displeasure at the much maligned bank bailout, but most don’t know which president signed the controversial act into law. Only a third of Americans (34%) correctly say the Troubled Asset Relief Program (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 bank bailout into law. Notably, there is no partisan divide on the question. Just 36% of Republicans, 35% of independents and 34% of Democrats know that the government bailout of banks and financial institutions was signed into law by former President Bush. And Democrats (46%) are just as likely as Republicans (50%) to say TARP was passed under Obama. Read More