Wednesday, December 16, 2009

Ben Bernanke is Time's "Person of the Year"

Federal Reserve Chairman Ben Bernanke, a student of the Great Depression who has fought to avert another one, is Time magazine's "person of the year.''

It was Bernanke and then-Treasury Secretary Henry Paulson who were said to have sucked the oxygen from a room filled with congressional leaders on Capitol Hill when they met last year to explain the gravity of the credit crisis that was unfolding.

Bernanke has since won another term as Federal Reserve chairman, reappointed by President Obama. And now he's won a Time cover.

Time chose Bernanke over House Speaker Nancy Pelosi, Gen. Stanley McChyrstal, "the Chinese worker'' and many more.
Read the rest here.

I have a different honor in mind for the Federal Reserve Chairman. If we keep printing money as fast as they can load the paper and ink into the machines his face could adorn the $1 million dollar bill, which should cover the cost of a McDonalds double-cheeseburger and fries.

1 comment:

Chris said...

I think it's a good choice. He's resposible, along with his allies in the Treasury Dept and Obama admin for wrecking the dollar to the point that a true recovery will be almost impossible.