
"Bernanke did not only learn from history, he wrote it himself and damned if he repeats it again," said Stengel. Time senior writer Michael Grunwald said the main reason Bernanke was chosen because he is an important player in guarding the most important economy in the world. "He is a creative leader and help ensure that the year 2009 is a weak recovery period than catastrophic depression. And he uses the power without a rival for our money, our jobs, our savings and our future," he said.
Runners-up for the 'People of the Year' is General Stanley McChrystal 'The Worker China', Nancy Pelosi, a spokesman for the U.S. House of Representatives and Jamaican sprinter Usain Bolt. President Barack Obama is the winner of last year. Apple CEO Steve Jobs also included in the finalists of this year. But Bernanke's election as people know it's also a sharp criticism.
"I find it ironic that someone who has spent the last year to punish others for their failure is now a 'People of the Year' for his failure," said Republican Senator, Jom Bunning. Bernanke is the replacement of the Governor of the Fed nan legendary Alan Greenspan. Bernanke was appointed by U.S. president before Obama, George W. Bush in 2005. In August, Obama re-nominates Bernanke as Federal Reserve governor. Bernanke, 56 years old, was the son of a pharmacist and a school teacher. He successfully graduated from Harvard in 1975 and earned his PhD from the Massachusetts Institute of Technology. He had worked at Princeton University before he joined the Federal Reserve Board in 2002.
Men born Augusta, Georgia is a professor of economics and has been president of the Council of Economic Advisors of the Bush administration.
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