Time Magazine’s Person of The Year

Time magazine has named President Obama its “Person of the Year” for 2012.

“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,” writes editor Richard Stengel.

This is the second time the magazine has bestowed the honor on the president. Four years ago, as president-elect after his victory over John McCain in 2008, he was also given the honor.

Other contenders on the magazine’s short list this year included Malala Yousafzai, the teenage Pakistani advocate for education for girls who was shot by the Taliban, Egyptian president Mohamed Morsi, and Bill and Hillary Clinton.