Bernancke: Time Magazine Person of the year

[JWBooth]

Bernancke: Time Magazine Person of the year

I missed it. When did the folks over at The Onion buy Time?

 

[Toro]

Its a good choice. No one was more important last year than Bernanke.

Time's Man of the Year does not go to the best man BTW.

 

[Yurt]

Strange that one award was given by liberals and the other one by cons though.

In todays political world.

There isn't a nickel's worth of difference between Dems and Repubs/ libs or cons

Yep. So why all the partisan attitudes?

Not too bright is it?

you tell us....you're one of the most partisan people i know

 

[Yurt]

Hey, if they can give Obama the Nobel for doing zip.

What's wrong with giving Bernanke man of the year for doing squat?

Strange that one award was given by liberals and the other one by cons though.

? both awards were given by liberals....

 

[Oddball]

Its a good choice. No one was more important last year than Bernanke.

Pffffft....I'm sure Baghdad Ben believes that, but I don't.

Time's Man of the Year does not go to the best man BTW.

I'll say.

 

[cawacko]

Its a good choice. No one was more important last year than Bernanke.

Pffffft....I'm sure Baghdad Ben believes that, but I don't.

Time's Man of the Year does not go to the best man BTW.

I'll say.

Who would you argue the person should be?

Between the end of last year and this year the global financial meltdown was the biggest issue we faced. The head of the Fed is going to play a huge role in that.

 

[Oddball]

All the fiat banksters like to believe that they can part the Red Sea, with worthless paper currency.

I'm neither impressed nor buy into the Keynesian/populist snake oil that Gomers like Bernanke and the Fed are indispensable.

 

[Samson]

JAYZUSSSSSSSSSS

Every year Time Ragazine tries to marginally increase its relevance (and marketability) with the "Person of The Year" issue.

Who gives a fuck?

10 years from now, no one will fucking remember if Bernancke or Pelosi or Beck was Time's Person of 2009.

Honestly I betchya none of you fuckers know who was the person of the year in 1999.

HERE, I'll SHOW YOU, and you'll still not recognise the fucker, you'll need to read the front cover:

 

[Big Fitz]

All the fiat banksters like to believe that they can part the Red Sea, with worthless paper currency.

I'm neither impressed nor buy into the Keynesian/populist snake oil that Gomers like Bernanke and the Fed are indispensable.

I wonder if for once when Keynsian economics fails yet AGAIN will people finally throw it away? Give me the Laffer Curve, Milton Friedman Supply Sider economics and a decent understanding of ethical capitalism any day.

 

[uscitizen]

Ethical capitalism? An interesting concept.

 

[Big Fitz]

JAYZUSSSSSSSSSS

Every year Time Ragazine tries to marginally increase its relevance (and marketability) with the "Person of The Year" issue.

Who gives a fuck?

10 years from now, no one will fucking remember if Bernancke or Pelosi or Beck was Time's Person of 2009.

Honestly I betchya none of you fuckers know who was the person of the year in 1999.

HERE, I'll SHOW YOU, and you'll still not recognise the fucker, you'll need to read the front cover:

You're right. Nobody will remember that he was the person of the year in 2009.

The point is telling in an era where basically the economic Titanic is going down by the head, this dipshit's cleaning up smashed china in the dining room, and worried what the Astor's are going to think if he can't manage to pull together a full sitting for 10.

The whole world is crying "peace peace" but all about you, you see the preparations for war. (I know mangled but the point is still valid.

 

[eagleseven]

TIME still has some credibility? Last I checked, their subscribers were sinking like the Titanic...

 

[Big Fitz]

Ethical capitalism? An interesting concept.

My definition of "Ethical Capitalism" means simply you have standard capitalism that is reined in by the following concepts:

Anti-Fraud: You can't lie or cheat the public. Truth in Advertising and full transparency for everything but trade secrets pretty much as we have today.

Labor Protection: We're talking child protection, worker safety and working hours here. Not wages, benefits or entitlements. That is all in the negotiation.

Competition Enhancement: Anti-competitive, monopolistic or moves to create trust or manipulate the marketplace unfairly to extort the consumer or prevent competition would be blocked.

Consumer Protection: You can't make hazardous, fraudulent or defective products. There is assumption of risk on the part of the purchaser, but not the bullshit lassiez faire "caveat emptor". A return to our common law heritage mostly. Don't forget also some basic REASONABLE pollution laws. I don't want to go back to dumping PCBs into the river and having Sulfur Dioxide mucking up the rain again. At the same time, I don't want ever tightening restrictions because the government's running out of stuff to do.

The rest is left to the market to decide. No subsidies for one industry over another or tax breaks. Capital is allowed to flow freely and find it's own level. Then again, I'd also want to institute "equal world free trade". By this I mean free trade with nations that economically are on the same level as the US like Britain, Germany, Japan, Australia, Canada and the like. I'm not into bootstrapping "developing" nations like China and India and Mexico. Let them do it the way we did: Hard Work. And if for some reason they unfairly enter the market and start hurting industry (government subsidies making their products artificially low) I'd tariff those products equal to the subsidy and give a tax break to consumers in this nation equal to that level.

But that's me. Strong, broad guardrails, clear traffic markings and let people go forth.

 

[eagleseven]

The whole world is crying "peace peace" but all about you, you see the preparations for war.

I think you were looking for this?

Gentlemen may cry, "Peace! Peace!" -- but there is no peace. The war is actually begun!

 

[KMAN]

Great call by Time magazine... We have 10% unemployment and debt and deficits at record levels...makes total since....LOL

 

[Oddball]

Ethical capitalism? An interesting concept.

My definition of "Ethical Capitalism" means simply you have standard capitalism that is reined in by the following concepts:

Anti-Fraud: You can't lie or cheat the public. Truth in Advertising and full transparency for everything but trade secrets pretty much as we have today.

Labor Protection: We're talking child protection, worker safety and working hours here. Not wages, benefits or entitlements. That is all in the negotiation.

Competition Enhancement: Anti-competitive, monopolistic or moves to create trust or manipulate the marketplace unfairly to extort the consumer or prevent competition would be blocked.

Consumer Protection: You can't make hazardous, fraudulent or defective products. There is assumption of risk on the part of the purchaser, but not the bullshit lassiez faire "caveat emptor". A return to our common law heritage mostly. Don't forget also some basic REASONABLE pollution laws. I don't want to go back to dumping PCBs into the river and having Sulfur Dioxide mucking up the rain again. At the same time, I don't want ever tightening restrictions because the government's running out of stuff to do.

The rest is left to the market to decide. No subsidies for one industry over another or tax breaks. Capital is allowed to flow freely and find it's own level. Then again, I'd also want to institute "equal world free trade". By this I mean free trade with nations that economically are on the same level as the US like Britain, Germany, Japan, Australia, Canada and the like. I'm not into bootstrapping "developing" nations like China and India and Mexico. Let them do it the way we did: Hard Work. And if for some reason they unfairly enter the market and start hurting industry (government subsidies making their products artificially low) I'd tariff those products equal to the subsidy and give a tax break to consumers in this nation equal to that level.

But that's me. Strong, broad guardrails, clear traffic markings and let people go forth.

Wow....Protection from force and fraud in the marketplace?!?

Why....you...you...you.....ANARCHIST!!

 

[saveliberty]

Great call by Time magazine... We have 10% unemployment and debt and deficits at record levels...makes total since....LOL

It is the person with the most influence for that year correct? It is not necessarily positive. Some past winners: Hitler ('38), Stalin ('39), Khomeini ('79), Xiaoping ('85) and Gorbachev ('87).

http://www.time.com/time/personoftheyear/archive/covers/1938.html

 

[MaggieMae]

I'm not sure I completely trust Bernanke. It makes no sense to me that Geitner (head of NY Fed), Paulsen (formerly with Goldman Sachs) and Bernanke seemed to have no idea there were financial issues - they just sort of went into Bush's office out of the clear blue at the end of his administration saying, "OMG!!! The US is in DEEP financial doodoo!!"

I definitely don't trust Geitner or Paulson. And Geitner has shifty eyes.

I have to agree. These experts never saw it coming till it was upon us so why trust their leadership in this area?
I view them as part of the problem not part of the soloution.

Beck saw it coming. But he's a nut ,why listen to him.

Sure he did. Since everything he says gets put on YouTube, find one for me that predates 2007, when a whole bunch of people were predicting the housing bubble could burst and create an economic downturn. Even his books were published only last year. So when did the genius "see it coming"??

 

[Big Fitz]

Ethical capitalism? An interesting concept.

My definition of "Ethical Capitalism" means simply you have standard capitalism that is reined in by the following concepts:

Anti-Fraud: You can't lie or cheat the public. Truth in Advertising and full transparency for everything but trade secrets pretty much as we have today.

Labor Protection: We're talking child protection, worker safety and working hours here. Not wages, benefits or entitlements. That is all in the negotiation.

Competition Enhancement: Anti-competitive, monopolistic or moves to create trust or manipulate the marketplace unfairly to extort the consumer or prevent competition would be blocked.

Consumer Protection: You can't make hazardous, fraudulent or defective products. There is assumption of risk on the part of the purchaser, but not the bullshit lassiez faire "caveat emptor". A return to our common law heritage mostly. Don't forget also some basic REASONABLE pollution laws. I don't want to go back to dumping PCBs into the river and having Sulfur Dioxide mucking up the rain again. At the same time, I don't want ever tightening restrictions because the government's running out of stuff to do.

The rest is left to the market to decide. No subsidies for one industry over another or tax breaks. Capital is allowed to flow freely and find it's own level. Then again, I'd also want to institute "equal world free trade". By this I mean free trade with nations that economically are on the same level as the US like Britain, Germany, Japan, Australia, Canada and the like. I'm not into bootstrapping "developing" nations like China and India and Mexico. Let them do it the way we did: Hard Work. And if for some reason they unfairly enter the market and start hurting industry (government subsidies making their products artificially low) I'd tariff those products equal to the subsidy and give a tax break to consumers in this nation equal to that level.

But that's me. Strong, broad guardrails, clear traffic markings and let people go forth.

Wow....Protection from force and fraud in the marketplace?!?

Why....you...you...you.....ANARCHIST!!

Awww... thanks! You noticed!

 

[MaggieMae]

Well.. he's in the company of other people supporting national socialism.. like Stalin and Hitler.. and is now in the same group with another American political idiot in Jimmy Carter... and with a predecessor like Obama getting it last year, the bar was not set very high.. hell, with a bar that low, you might of had Pelosi on the short list of finalists too

Oh please. Enough with the stupid nonsense. For one thing, Bernanke is Jewish. For another thing, even Ron Paul stated yesterday that the fed has been fooling around taking risks since Nixon took us off the gold standard. He doesn't blame Bernanke any more than he blames Greenspan or Paul Volker.