Reaction To Bernanke As Time's 'Person of the Year'
Here's one man's reaction to Fed Chair Ben Bernanke being named Time magazine's 'Person of the Year.'
Much to this person's chagrin, Bernanke was also named Foreign Policy's 'Global Thinker of the Year.'
Sen. Jim Bunning (R-Ky.):
"I find it ironic that a man who has spent the last year rewarding others for failure is now being named 'Person of the Year' for his failures. But if Time Magazine is in the business of rewarding failure, Ben Bernanke is their man -- he has certainly excelled at that."Under Chairman Bernanke's watch America has suffered the greatest financial crisis since the Great Depression, in large part because of his support for the easy money policies of his predecessor Alan Greenspan. Many of the problems our markets are facing right now could have been avoided had Chairman Bernanke not been asleep at the switch. His willingness to turn the Federal Reserve into an arm of the Treasury Department and print money at a breath-taking rate will have my children and grandchildren paying off the debt for years to come. Chairman Bernanke is the definition of a moral hazard."