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Unlike those who praise Bernanke for bringing the economy back from the brink of the abyss, Whalen says all he's done is "saved the dealer community" from themselves by overseeing a massive taxpayer-funded bailout of the financial community.
Bernanke "hasn't done anything for the real economy," the analyst says. "The only thing I see is inflation. For the average American the message they should take away from this year is this: Bernanke's policy has insured we'll see the purchasing power of Americans' savings dwindle."
I find it kind of suprising to see non-support for this out so fast after Bernake got person of the year.
Originally posted by jtma508
Finally, I'd like to point out that Bernanke in no way 'made the bankers rich'. They were already far richer. He just prevented them from losing everything, taking their ball and going home. Did the bankers make out considering the alternative? Sure did. But the alternative was beyond consideration... in my view.
Also, keep in mind, Person of the Year does not necessarily mean a happy-shiny Person of the Year. Only that the individual had massive influence.