Ben Bernanke Is Time Magazines Person Of The Year

Time Magazine have announced that Ben Bernanke is the person of the year in their annual list, beating out Gen. Stanley McChrystal, who was the runner up for consideration.

3rd place went to the Chinese worker, 4th place went to Nancy Pelosi and 5th place went to Usain Bolt, the Jamaican sprinter and Olympic gold medalist.

Time named the 56-year-old chairman of the Federal Reserve, the central bank of the U.S., because they say he is the most important and most understood force shaping the American – and global – economy.

TIME Editor Richard Stengel says “he was the great scholar of the Depression who saw another depression coming, and did everything he could to stop it. He’s a controversial figure. Heâ€™s a Republican appointed by a Democratic president. Itâ€™s a really interesting combination of factors.â€

Other contenders who didn’t make the top 5 included President Barack Obama, who was named Person of the Year in 2008, and Steve Jobs co-founder and chief executive of Apple Inc.

The whole article on Ben Bernanke can be found at the source, but do you agree with TIME’s decision?

source: Person of the Year 2009 [TIME]

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