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Federal Reserve Chairman Ben Bernanke, 56, was named “Person of the Year” by Time magazine, the publication announced on MSNBC’s “Morning Joe” show this morning.

There were six finalists for “Person of the Year,” including U.S. President Barack Obama; House Speaker Nancy Pelosi; Steve Jobs, Apple Inc.’s co-founder and chief executive officer; the Chinese worker, an “increasingly influential group”; General Stanley McChrystal, the top U.S. and NATO commander in Afghanistan; and Jamaican sprinter and Olympic gold-medalist Usain Bolt.

Time, owned by Time Warner Inc., started the annual “Person of the Year” cover story in 1927 with Charles Lindbergh, other winners include: Stalin made it twice, Hitler once.

The magazine chose Obama last year.

With the Federal Reserve Chairman Ben Bernanke, “Person of the year”: Why is it that I’m reminded of these anologies:

Its like rewarding the Captain of the Titanic for getting everyone off the sinking ship after he rammed it into an iceberg. Rewarding a doctor for sewing your leg back on after he accidentally amputated it. Rewarding someone for putting out a fire in your burning house after they set it. Rewarding someone for cleaning up a pile of crap on your floor after they took it.

File Under: At least it wasn’t Barney Frank.

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