20 Inarguable Facts You Need To Know About The U.S. Economy

Posted on July 22, 2012

9


Want to know how Congress and Washington get away with screwing you every day?  It’s simple:  Stupidity.

A Pew Research Center poll released on Sunday (7/22) shows the following amazing results:

  • 47 percent of those polled believe the TARP program was entirely created and implemented by President Barack Obama.
  • 52 percent of those polled believe that the Glass-Steagall Act was the law that created Welfare, Food Stamps and Unemployment Insurance.
  • 43 percent believe that the majority of TARP funds were paid to consultants and advisors of Barack Obama’s 2008 presidential campaign.

So, rather than rant about the grotesque ignorance of the people who participated in this poll, I’m just going to provide some incontrovertible facts about the Troubled Asset Relief Program, and the Glass-Steagall Act of 1933.  What you do with this factual information is your business.

The Glass-Steagall Act of 1932

The TARP Program

There. Now, as Mulder would say, “The truth is out there.”

But I suspect that the people who took that Pew Research poll believe that Mulder’s search for space aliens was more real than these facts.

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