« Try Not To Laugh: Foreign Policy Magazine Names 'Money Bucket Bernanke' World's Top Thinker For 2009 »
I guess they never saw this clip...
Video: Bernanke's Failed Predictions (a true must see)
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Photo represents the cerebral summation of Bernanke's thinking in response to the crisis -- put some money in a bucket and give it to the groups who caused the problems.
Foreign Policy Magazine is impressed by the bucket.
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1. Ben Bernanke
for staving off a new Great Depression.
Chairman, federal reserve | Washington
The Zen-like chairman of the U.S. Federal Reserve might not have topped the list solely for turning his superb academic career into a blueprint for action, for single-handedly reinventing the role of a central bank, or for preventing the collapse of the U.S. economy. But to have done all of these within the span of a few months is certainly one of the greatest intellectual feats of recent years. Not long ago a Princeton University professor writing paper after paper on the Great Depression, "Helicopter Ben" spent 2009 dropping hundreds of billions in bailouts seemingly from the skies, vigilantly tracking interest rates, and coordinating with counterparts across the globe. His key insight? The need for massive, damn-the-torpedoes intervention in financial markets. Winning over critics who have since praised his "radical" moves (including Nouriel Roubini, No. 4 on this list), he now faces an uphill battle in his bid for permanently expanded Fed powers. The radicalism is far from over.
"Those who doubt that there is much connection between the economy of the 1930s and the supercharged, information-age economy of the twenty-first century are invited to look at the current economic headlines -- about high unemployment, failing banks, volatile financial markets, currency crises, and even deflation. The issues raised by the Depression, and its lessons, are still relevant today." --Bernanke, Essays on the Great Depression
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Monday, November 30, 2009 at 2:59PM
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Ben Bernanke Tops Obama as Top "Global Thinker" of 2009
http://wonkette.com/408277/secessionist-mule-raping-georgia-governor-candidate-would-also-kill-own-son-for-liberty
Gobias says, "hookers on there backs, the only crime is paying to much". Horsley says,"and a mule in every garage."
Now that is a real campaign slogan. LOL.
"Those who doubt that there is much connection between the economy of the 1930s and the supercharged, information-age economy of the twenty-first century are invited to look at the current economic headlines -- about high unemployment, failing banks, volatile financial markets, currency crises, and even deflation."
Look at the 1890's for a more similar view of today... Failed transportation companies, Foreign investors not wanting to touch U.S. equities/ debt, skyrocketing unemployment, banking collapse that left what remained of a stable U.S. economy in tatters.