Foreign Policy Magazine Names Ben Bernanke, Barack Obama As 2009′s “Greatest Thinkers”

And both get the nod (Bernanke is in the top slot, Obama is second) because of their efforts to fix America’s economy.
Which is more than a little unbelievable. I mean, to put the matter much more simply than it should be, the economy isn’t fixed. Unemployment continues to climb. Economic growth metrics continue to stagnate.
And their fixes? Obama and his administration have approached economic policy with a “throw money at it” approach that has run up unprecedented amounts of national debt. Obama’s huge sums of government spending has created some economic static, to be sure, but what happens when the bill for all that spending comes due? Where is the money going to come from to pay it all off?
Out of the economy, of course, the crippling weight of which will ensure less growth, less prosperity and more misery going forward. The Obama administration itself estimated that over the next decade the interest payments on our national debt (just what we pay to maintain the principle on that debt) would go from $220 billion this year to over $700 billion in 10 years. That means the US taxpayer would be footing the bill for the equivalent cost of the entire “stimulus” spending bill every single year. And get nothing for it.
And for running up this huge amount of debt, Obama gets named one of the year’s best thinkers?
As for Bernanke, he has continued the “free money” policies at the Federal Reserve that got us into this economic down turn in the first place and he is now setting himself up as the chief defender of the Federal Reserve against critics who point out, rightfully, that the central bank is one of the chief causes of America’s economic woes.
Bernanke is a “thinker” alright. One of the self-righteous “planners” who think the best way to run an economy is through some central committee of elites who know better than the rest of us.
The truth is that the Federal Reserve has no more business controlling our monetary policy than the government has dictating the prices of bread and milk.
Bernanke and Obama don’t deserve applause and praise. They deserve to be castigated as fools and charlatans.

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  • http://Array sayanything-342

    Left wing standards for what constitutes “great thinking” must be lower than the average.

  • sayanything-11027

    Asshat Magazine also has him(Obama) at the top of the list.

  • sayanything-2

    Rob? Did you mean Foreign Policy? Cause that is where the link goes, and they calling them the minds that affected the world in 2009, not great thinkers. The piece on Bernanke is such an obviously bought and paid for PR piece it is laughable.

  • sayanything-203

    While it is certainly debatable whether or not Obama is a “great thinker,” the question is largely irrelevant. The success or failure of any leader, in any organization, is measured by what he actually accomplishes, not by the depth of his visualization.

    And on that basis Obama has thus far shown himself to be not much less a failure than Jimmy Carter. Regardless of what he thinks, his lack of achievement is what he will ultimately be remembered for.

  • sayanything-2

    Ain’t that cute! The headline changes for each individual publicity writeup. Wonder if Michelle dictated this sentence? “He is an unapologetic wonk with a professorial bearing, a “radical incrementalist” (in the useful term of his detractors)”, talk about vomituous, self-serving crap. Sweet Bleeding Jeebus.

  • http://proof-proofpositive.blogspot.com/ proof_positive

    Is “Financial Times” eligible for any bailout funds?

  • sayanything-8606

    LMFAO

  • sayanything-2

    I mean come on! Look at this crap,”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.”, and this “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.”

    There is no way this is legit. Has to be from The Onion. Or a publicist’s laptop.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    They’re grading them on the curve with the other socialist in the world.

  • I don’t like today’s GOP

    Rob, your hatred is looking silly. Are we to believe that you are smarter that the Nobel Committee and Foreign Policy magazine?

    No one but a right wing conspiracy theorist nutjob would believe that Obama is a fool and charlatan.

  • sayanything-342

    Great Thinkers? hahaha. What problems have they resolved so far?

    This is as meaningless as the Nobel. Obama openly admits to “marginal report cards” in prep school. He spent two uninspired years at Occidental College and then transferred to Columbia courtesy of diversity initiatives. His grades were never released. With his huge ego do you think he wouldn’t want to brag if there actually were something to brag about. After all, everything he does is ultimately about himself. He had a crappy pay, two year job as a community organizer in Chicago, whoopee. He quit because it was too hard. (His words, not mine). He did not graduate with honors but he did learn the race entitlement game well enough to continue the free ride.

    The truth is that Obama’s genius depends solely on his willingness to lie about it.

  • stoopdavydave

    Hard for you, anyway.

  • sayanything-4808

    Saying these two are the greatest thinkers is like saying Uwe Boll is the top director of our times. There goes the FT’s credibility for all time.

  • stoopdavydave

    Oh but Rob, you have to understand, these geniuses are boldly and innovatively thinking outside the box, in an “unprecedented” way! Stodgy old-school throwbacks like Warren G Harding, Calvin Coolidge, John F Kennedy, Ronald Reagan, and (on one out of two chances) George W Bush, why all THEY could do, when faced with recessions, was some simplistic, old-fashioned Tax Cutting. Ha!, the very idea!
    Of course their recessions were GONE six months later, while this one will drag on for probably as long as Roosevelt’s, but hey! It’s a small price to pay for this opportunity to marvel at the innovative bold unprecedented out-of-the-box thinking of Obama and Bernanke. A small price indeed!

  • sayanything-221

    Who has the pictures and tapes?
    Rahm?
    Obama?
    Another senior staff member?

  • sayanything-4416

    Any conservatives on that list? Not many……..

    Hard to put the terms “conservative” and “great thinker” in the same sentence.

  • bikebubba

    Um, yes, the CFR does not laud very many people who argue, correctly, that the United Nations is a corrupt oligarchy which causes great hazard to life, liberty, and the pursuit of happiness. Knowing that the very reason for the CFR’s existence is to endorse the UN, this would surprise any thinking person exactly why?

    Given the UN’s horrendous record in the area of human rights, one would think that NOT being included on the CFR’s list of great thinkers would be the honor, not being on it.

  • sayanything-4808

    Only a fool and/or a charlatan would believe Obama is a great thinker. That would be you IDLTG.

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