When Time refused to make Osama Bin Laden Person of the Year in 2001...this
particular award lost all credibility.

On Wed, Dec 16, 2009 at 9:32 AM, Vivec <[email protected]> wrote:

>
> http://www.bloomberg.com/apps/news?pid=20601087&sid=aha7dayF3enc&pos=9
>
> "Dec. 16 (Bloomberg) -- Federal Reserve Chairman Ben
> Bernanke<
> http://search.bloomberg.com/search?q=Ben%0ABernanke&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1
> >
> was
> named“Person of the
> Year”<
> http://www.time.com/time/specials/packages/article/0,28804,1946375_1947251,00.html
> >
> by
> Time magazine<
> http://www.time.com/time/specials/packages/article/0,28804,1946375_1948023,00.html
> >today
> for leading the “most-powerful, least-understood government force shaping
> our lives,” Managing EditorRichard
> Stengel<
> http://search.bloomberg.com/search?q=Richard+Stengel&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1
> >
>  said.
>
> Bernanke, 56, the first Fed chairman to be chosen for the annual
> recognition, was picked for his efforts to shepherd the U.S. out of the
> biggest economic slump since the Great Depression, Stengel said on NBC’s
> “Today” show this morning.
>
> The chairman led the largest expansion of the central bank’s power in its
> 96-year history, as the Fed pumped more than $1 trillion into the financial
> system and cut interest rates to historic lows.
>
> “He was the great scholar of the Depression, and he saw what looked like
> another depression coming and he decided he would do whatever it takes to
> forestall that,” Stengel said. “And I think he did. It could have been a
> lot
> worse; there were things he could have done better. One of his
> responsibilities is to put full employment in society and he hasn’t really
> stepped up on that. But in terms of influence and how the economy went this
> year, Bernanke wa
>
> 

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