Just when I thought Time Magazine couldn’t become a more insane publication, it appears that they have again proven that theory wrong by honoring Federal Reserve Chairman Ben Bernanke with its “Person of the Year” honor. Reuters reported this simply heinous news recently.
What has Bernanke done to deserve this honor? In my opinion…nada, zilch, nothing. Why, you ask? Simple. The American dollar has declined under his watch, and he knew about the credit crisis before it burst, yet he did nothing about it. These reasons and more are why Rep. Ron Paul and Sen. Jim DeMint created the Audit the Fed Amendment.
Meanwhile, Time hails Bernanke for being a scholar of the Great Depression and for expanding the Federal Reserve’s powers.
Isn’t it a little odd that Bernanke received this honor considering that some U.S. Senators are considering blocking Bernanke’s re-appointment?