While Steve Jobs and Barack Obama appeared to be the front runners for Time Magazine, the top prize went to Ben Bernanke, the man largely responsible for shaping the financial future of North America.
The Federal Reserve Chairman has been largely criticized by both left wing liberals and right wing conservatives as he’s attempted to fix the U.S. financial system collapse. On the Today Show this morning Time Managing Editor Richard Stengel said the Federal Reserve is:
“the most powerful, least understood government force shaping our lives” adding that Bernanke “was the great scholar of the Depression who saw another depression coming, and did everything he could to stop it,” also, “He’s a controversial figure. He’s a Republican appointed by a Democratic president. It’s a really interesting combination of factors.”
While the move may have shocked some readers, it’s important to remember that Time magazine doesn’t necessarily pick the most popular figures for their person of the year, but rather the person who has generated the most discussion and have influenced the world or who’s ideas could influence the world in various ways years down the road.
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