Via Sullivan, the Pew Research Center recently published an alarming survey of Americans' grasp of current events:
Nearly eight-in-ten (77%) say correctly that the federal budget deficit is larger than it was in the 1990s and 64% know that in recent years the United States has bought more foreign goods than it has sold overseas. As in recent knowledge surveys, about half (53%) estimate the current unemployment rate at about 10%.
But the public continues to struggle with questions about the Troubled Asset Relief Program known as TARP: Just 16% say, correctly, that more than half of the loans made to banks under TARP have been paid back; an identical percentage says that none has been paid back. In Pew Research's previous knowledge survey in July, just 34% knew that the TARP was enacted under the Bush administration.
Some of these misconceptions might have something to do with Republicans lying about them, of course.