TIME named Ben Bernanke their 2009 Person of the Year. Apparently, the economy would “have been much, much weaker” without the intervention of the Federal Reserve.

Lines like “Now that Obama has decided to keep him in his job” beg the question – who selected him for the job in the first place? Of course, TIME does not mention that President Bush appointed Bernanke to the Fed in 2006. If they did, it would be difficult for the media to claim that Bush was responsible for the recession.