A: Obama voted for TARP.
B: A Democratic majority passed it.
C: Obama voted for it as a Senator supported it as President.
Obama: "In the midst of a really bad recession and the possibility of financial meltdown, preventing the collapse of our banks and with it the access to lending and credit and preventing hundreds of thousands of job losses that would have followed the collapse of two of our major automakers that was the right thing to do. It was the right thing to do; it was the necessary thing to do. It might have not been popular, and I sure didn't like doing it, but it was the right thing to do. And as bad as the damage has been in this recession, without those actions the damage could have been far more extensive.
A transcript of his speech at Chesapeake Machine Co.
It passed the Senate 74-25
41 Democrats voted for 34 Republicans voted for
9 Democrats Voted against 15 Republicans voted against
Obama (D-IL), Yea
It passed the house 263-171
172 Democrats voted for 63 Democrats voted against
91 Republicans voted for 108 Republicans voted against