This is why democracy doesn't work:
"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."
The economic collapse brought on by 8 years of Republican policy is the most significant trouble of our time. An entire generation is permanently impacted, and America as a nation is likely now in irreversible decline.
This decline is not because of the TARP program, which was an act of panic and desperation. The decline is due to years of massive tax cuts for the wealthiest and for large business, the shifting of jobs overseas - as a policy, the gutting of regulation, and massive, unproductive, Republican spending, in particular on two completely unfunded, open-ended wars.
It's almost comical to be reminded that Bush's tax cuts for the wealthy was itself an economic stimulus plan put in place short after he took office and intended from the beginning to expire - even they knew it was unsustainable.
And people cheered. All the way, right over the cliff.
But since Americans are so completely intellectually unable to follow current events, they will likely elect Republicans again, and do even more harm to themselves. This time though, they've made things so bad that the nation itself is a risk.
But people can't think. They can't learn from experience. Enough Americans are completely unable to reach a reasoned conclusion based on facts, that the country has no future. The great experiment is a failure. They will get the future want they want and deserve.
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