Poll: Americans think Obama started bailouts

A plurality of Americans think bank bailouts started under President Obama, according to a new Pew poll.

In Pew’s most recent “News IQ Quiz,” 47 percent of respondents thought Obama initiated the Troubled Asset Relief Program, compared to just 34 percent who correctly guessed it was former President George W. Bush.

Being identified with the unpopular bank bailouts could spell trouble for Democrats in 2010 and for Obama in 2012.

More from Pew:

Notably, 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. Democrats (46%) are just as likely as Republicans (50%) or independents (44%) to incorrectly say the legislation was enacted after Obama became president.