Incumbents Expected to Pay Dearly for TARP Support

Thursday, 13 May 2010 05:24 PM
By: Dan Weil

Incumbent members of Congress, particularly Democrats, who supported the bank bailouts that began in 2008 may well suffer the consequences of voters’ wrath in November elections.

Voters are upset about the financial and economic crisis in general, and much of the anger is centered on the Troubled Asset Relief Program (TARP), as the bank bailout is formally known.

Even Democrats acknowledge that Washington’s spending and the bailouts are key issues for voters, Roll Call reports.

And given that Democrats control Congress, they are likely to suffer more than Republicans.

“Democrats are pretty vulnerable for basically unapologetically continuing the bailouts,â€