Voters may be dumb, but they are smarter than Taegan Goddard
On his Political Wire, Goddard says:
A Bloomberg National Poll finds that by a two-to-one margin, likely voters in the midterm elections think taxes have gone up, the economy has shrunk, and the billions lent to banks as part of the Troubled Asset Relief Program won't be recovered.
The facts: The Obama administration cut taxes for middle-class Americans, has overseen an economy that has grown for the past four quarters and expects to make a profit on the hundreds of billions of dollars spent to rescue Wall Street banks.
Umm, Taegs old pal, the economy HAS shrunk! real GDP peaked in the 4th quarter of 2007 and we have not yet reached that level. Now the economy is not still shrinking, but that's a different story.
While I'm at it, taxes HAVE gone up. Our deficit has exploded and (repeat after me cheese lovers) DEFICITS ARE FUTURE TAXES!
Finally, while banks are paying back TARP money with interest, taxpayers are losing billions on the TARP funds that were used to bail out GM.
I would score this one for the voters!