Ben Bernanke, TIME's Person of the Year

In a sign that the end is near, Federal Reserve Bank Chairman Ben Bernanke was voted "Person of the Year" by Time Magazine. This is ironically similar to President Obama winning the Nobel Peace Prize--and then ordering 30,000 more American troops into Afghanistan.

http://www.time.com/time/specials/packages/article/0,28804,1946375_1947251,00.html

Bernanke, along with former Fed Chairman Alan Greenspan, have done more harm to the US economy than is fathomable. He may have temporarily thwarted a financial meltdown in 2008, but has only kicked the can down the road, creating the greatest financial bubble in the history of mankind--the US Treasury bond market. This bubble will also eventually burst, as the Fed funds rate can't drop below zero. Instead of preventing such a crisis, he is now credited with saving us. Here is a truer picture of his missteps and missed calls:



Person of the year? I don't think so. This guy missed the call on the biggest real estate and stock market bubble in 80 years--destroying trillions of dollars of wealth in the process. Americans and citizens worldwide are jobless as a result, subject to a reduced standard of living. Yet Bernanke is a hero?