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Bernanke: A Bad Call ... TIME has got to be kidding in naming Federal Reserve Chairman Ben Bernanke Person of the Year for 2009 [Dec. 28-Jan. 4]. In my opinion, the benchmark for this title must have been considerably lowered for this man to receive it. The choice of Bernanke is an insult to all the hardworking Americans across this great country who because of the routine miscalculations and failed leadership of this Federal Reserve chairman lost their home, financial investments, retirement account or steady employment through no fault of their own. James P. Dinger Ruther Glen...

Author: /time Magazine | Title: Inbox | 1/25/2010 | See Source »

...shocked and appalled that Bernanke was named Person of the Year. In my opinion, he set up the devaluation of the U.S. dollar and rewarded bad behavior and business practices of corporations that should have been left to fail. Julie R. Seeley Harvard, Mass...

Author: /time Magazine | Title: Inbox | 1/25/2010 | See Source »

...cobbling together 60 Senators for health reform through endless delays and deals - which thanks to Brown would now require cooperation from at least one Republican along with a number of skittish or recalcitrant or opportunistic Democrats - the White House wants to take financial reform to the court of public opinion and pressure Congress to go along. Obama made it clear that when it came to health care he would sign just about any bill; with finance, he's putting down markers that he's perfectly willing to accept no bill (and a potentially explosive political issue) as opposed...

Author: /time Magazine | Title: Can Obama Profit from a Wall Street Crackdown? | 1/22/2010 | See Source »

...Which make it a perfect subject for an apocalyptic battle among the Justices of today's Supreme Court. Nothing revs them up like a symbolic fight over an intractable issue. Thursday's pile of opinions in Citizens United v. Federal Election Commission, striking down certain limits on corporate electioneering, found them arrayed in their now familiar 5-to-4 pattern and firing their big rhetorical guns. Depending on which very, very long opinion you prefer, they either struck a blow for the First Amendment or sold American politics into bondage to soulless corporations. (See 25 people who mattered...

Author: /time Magazine | Title: Is the Campaign-Finance Ruling Good for Democracy? | 1/22/2010 | See Source »

...This wasn't a partisan opinion, though some headlines have suggested that, focusing on the word corporation to mean Big Business, as in Republican. But the decision does not simply apply to business. It lifts limits on all incorporated groups. Under the law that was struck down, Kennedy noted, "the following acts would all be felonies. The Sierra Club runs an ad, within the crucial phase of 60 days before the general election, that exhorts the public to disapprove of a Congressman who favors logging in national forests; the National Rifle Association publishes a book urging the public to vote...

Author: /time Magazine | Title: Is the Campaign-Finance Ruling Good for Democracy? | 1/22/2010 | See Source »

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