"The recession was the story of the year," Time managing editor Richard Stengel said in a statement. "Without Ben Bernanke, Time's 2009 Person of the Year, it would have been a lot worse"
His creative leadership helped ensure that 2009 was a period of weak recovery rather than catastrophic depression, and he still wields unrivaled power over our money, our jobs, our savings and our national future," Grunwald said.
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