by Patrick Appel

Nearly half of Americans incorrectly believe that Obama signed TARP. Weigel muses:

I just think it's fascinating that TARP has been the entry point for Republicans bashing Obama's social democratic economic agenda. It's one of the reasons I disagree with liberals who say the tea party is rooted in racism. Now, there's a case to make that some opposition to big spending, welfare programs is rooted in fear of money being redistributed to non-whites. But every big initiative of the Obama era has been slammed with that new pejorative word "bailout." It conjures images of wealthy Wall Street executives and wealthy bankers, not images of ACORN volunteers.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.