It’s clear that Gerald Celente completely disagrees with this sentiment. In fact, I think he makes a better case for Bernanke being an udder failure than CK does for him being an American Hero. And if you want to hear how Glenn Beck feels about Bernanke, watch the first few minutes of his December 16th show. I think he calls him the Saddam Hussein of Economics. Heh.
Host: Topic #2: Ben Bernanke, is he the man of the year?
Krauthammer: The man of the hour and the year, of the decade. I know he’s gotten alot of criticism from alot of Republicans who voted against him, which I think is sort of a cheap populism. He’s a guy who when there was no radar, no roadmap…..he took a risk in 08 and 09. Essentially he decided that we had to take the private debt that was destroying our economy and to nationalize it, which is highly risky. He did it – he was right. He stumbled around but in the end he got it right. The job now is to unwind all the debt that he took on and that’s going to be an incredible challenge over the next few years. But he’s an American hero, at least as of now.