Submitted by Nancy Braun (not verified) on August 27, 2010 - 2:57pm.
While I wouldn't say that Bernanke's selection was right but I think at that time the efforts which he was putting despite under so much stress, I mean this person had to reply to thousands of people and heads...all asking him what went wrong etc but he handled the situation very professionally. Someone was needed to stand and face the situation rather than run off and he did exactly that. And no, I am not taking any side of Ben but I am just taking a neutral point of view on here because if I imagine at that time if we had someone else taking over, the situation would have been lot worse than we could imagine.
Appearing on the cover of Time as person of the year is like a bell ringing. It almost always is akin to a figurative death sentence for the person involved, and sometimes even a literal one.
* Jeff Bezos made the cover in 1999 - the year the internet portion of the tech stock bubble topped out.
* GW Bush made the cover as his popularity rating had just begun to slide, ending at the worst such rating since Nixon, concurrent with a stock market crash.
* Hitler made the cover in 1938.
* General Chiang Kai Chek in 1937. It turned out to be an ill omen, career-wise.
* Stalin made the cover in 1939 and again in 1942.
* Kennedy made the cover the year before he was assassinated, as did Martin Luther King - a literal death sentence in both cases.
* Lyndon B. Johnson made the cover in 1964 - he was about to lead the country into the Vietnam catastrophe.
* Nixon and Kissinger made it in 1972.
* It was Yury Andropov's turn in 1983 - he died shortly thereafter.
* Gorbachov became 'man of the decade' half a year before being forced to step down.
* Obama's turn was last year.
* Most worrisome however, in 2006 Time decided to write on its person-of-the-year cover 'You!'.
It is amazing in hindsight how Stalin and his brutal murderous regime of forcible collectivization was actually widely admired in the West during his lifetime.
Time is these days only a hair to the right of Marx, which is in marked contrast to the stance the magazine espoused vis-a-vis FDR and the new deal in the 1930's.
Back then Time was quite conscious of the failure of these policies - something its modern day editors seem to have completely forgotten and replaced with some post facto glorification of FDR."
It's a sign of the time. Maybe the Fed will end in demise as well?
While I wouldn't say that
While I wouldn't say that Bernanke's selection was right but I think at that time the efforts which he was putting despite under so much stress, I mean this person had to reply to thousands of people and heads...all asking him what went wrong etc but he handled the situation very professionally. Someone was needed to stand and face the situation rather than run off and he did exactly that. And no, I am not taking any side of Ben but I am just taking a neutral point of view on here because if I imagine at that time if we had someone else taking over, the situation would have been lot worse than we could imagine.
Charlotte HUD homes
This page was indexed by
This page was indexed by Google and added to blogs search 16 Feb 2009 17:11:43 GMT.
Google cache: http://google.com/search?q=cache:http://bytestyle.tv/content/bernanke-times-person-year-seriouslyods-prepares-leave-tiger&ei=AFQjCNHajN_OX0kgxzx7UGA1yBfsEX VIdsdfWq
Webroot informer.
From Mish's economic
From Mish's economic blog.
http://globaleconomicanalysis.blogspot.com/2009/12/time-magazines-kiss-o...
"My friend "HB" writes:
Appearing on the cover of Time as person of the year is like a bell ringing. It almost always is akin to a figurative death sentence for the person involved, and sometimes even a literal one.
* Jeff Bezos made the cover in 1999 - the year the internet portion of the tech stock bubble topped out.
* GW Bush made the cover as his popularity rating had just begun to slide, ending at the worst such rating since Nixon, concurrent with a stock market crash.
* Hitler made the cover in 1938.
* General Chiang Kai Chek in 1937. It turned out to be an ill omen, career-wise.
* Stalin made the cover in 1939 and again in 1942.
* Kennedy made the cover the year before he was assassinated, as did Martin Luther King - a literal death sentence in both cases.
* Lyndon B. Johnson made the cover in 1964 - he was about to lead the country into the Vietnam catastrophe.
* Nixon and Kissinger made it in 1972.
* It was Yury Andropov's turn in 1983 - he died shortly thereafter.
* Gorbachov became 'man of the decade' half a year before being forced to step down.
* Obama's turn was last year.
* Most worrisome however, in 2006 Time decided to write on its person-of-the-year cover 'You!'.
It is amazing in hindsight how Stalin and his brutal murderous regime of forcible collectivization was actually widely admired in the West during his lifetime.
Time is these days only a hair to the right of Marx, which is in marked contrast to the stance the magazine espoused vis-a-vis FDR and the new deal in the 1930's.
Back then Time was quite conscious of the failure of these policies - something its modern day editors seem to have completely forgotten and replaced with some post facto glorification of FDR."
It's a sign of the time. Maybe the Fed will end in demise as well?
Wasn't Hitler Time's person
Wasn't Hitler Time's person of the year once too?
Post new comment