Wednesday, December 16, 2009

Heckuva A Job Bennie

Time magazine has named Ben Bernanke as it's Person of the Year and now the rest of the sycophantic media is left to come up with something positive to say about the guy and failing miserably in the attempt.

Some of the choicer nuggets.

From Reuters:
Bernanke, 56, a former Princeton University professor, is an expert on the Great Depression.
So much of an expert apparently that is trying to recreate it.
From the AP:
Other previous winners have included Bono, President George W. Bush, and CEO and founder Jeff Bezos (BAY'-zohs.)
How much did it hurt them to mention former president Bush? But it is kind of weak putting Bono and the founder of Amazon on the same list. I don't think Ben is much of a singer and since he has spent all of his time in the world of academia he really doesn't have a lot of real world experience in how the real business world works.
From CNN this:
Time called Bernanke " the most powerful nerd on the planet."
Uhmm, I think somebody like Bill Gates of Microsoft or Steve Jobs at Apple would better fit that bill.

The poor media is tying themselves in knots trying to come up with something nice to say with one article even pointing out that hey, he was appointed by a Republican. The bottom line is this is some guy who has taught economic theory all his life and has no first hand experience at the actual application of those theories until now, and what has it given us?

I don't even know how much our debt has risen anymore, double, triple? At the rate that congress is charging on the credit card who can keep up. His big plan to dole out all the TARP funds, while it may have been created in good faith, resulted in nothing more then a chance for the progressives in Washington to exert control over the financial business sector, something they have realized and are now working furiously to get out from under. That in itself is turning into another debacle since congress thinks all that money being paid back can simply be used for whatever other socialist agenda they want to push. The dummies don't realize that the money needs to go back from whence it came, meaning the federal government coffers of the taxpayers where it came from.

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