President Barack Obama has been named Time's Person of the Year.
Managing editor Richard Stengel unveiled the magazine's choice today. He said it was remarkable that the president won two terms with over 50 percent of the popular vote as a Democrat. He also noted that Obama took office in an economic crisis, and credited him with creating a new political "alignment like Ronald Reagan did forty years ago."
This is the second time that Time has chosen Obama. The magazine named him Person of the year in 2008 for winning against the odds and becoming the first black president of the United States.
"For finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union, Barack Obama is TIME's 2012 Person of the Year," Stengel explained in his note this year.
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