Most Americans opposed TARP. They saw no reason to use taxpayer money for bailing out the very financial institutions that had been parasitically feeding off them for decades. But America is not a democracy. It is no longer even a representative democracy. The banking bailout, the GSE bailout and the subsequent automotive bailout were all rammed down the unwilling throats of the American public by the Goldman-controlled Treasury Department with the help of the Bush administration and congressional Democrats. It was rather like a doctor forcing a rape victim to pay for her own chemotherapy because it would benefit her rapist.*
Bipartisan support for the bailout made it clear to all and sundry that at the end of the day, the supposed divide between the Republican and Democratic parties is an imaginary one. Republicans and Democrats are nothing more than a unitary bank party.
*I know this makes no sense. That’s the point. Neither did the bailouts.