Wednesday, December 16, 2009

Ben Bernanke Time Person of the Year

Great Summary:

Click Here for Article

"...But Bernanke also knows the economy would be much, much worse if the Fed had not taken such extreme measures to stop the panic. There's a vast difference between 10% and 25% unemployment, between anemic and negative growth. He wishes Americans understood that he helped save the irresponsible giants of Wall Street only to protect ordinary folks on Main Street. He knows better than anyone how financial crises spiral into global disasters, how the grass gets crushed when elephants fall. "We came very, very close to a depression ... The markets were in anaphylactic shock," he told TIME during one of three extended interviews. "I'm not happy with where we are, but it's a lot better than where we could be."

Think about it people, things are much improved from where they were under Dubya, we are in a time of transition, but without the leadership of Ben Bernanke and President Obama, this nation could be far worse off than where it is today. I for one am grateful we have leadership at the top that doesn't listen to the partisan bickering and gets creative with their response to trouble.