Posted by | Ray Cornelius

Congratulations to President Barack Obama for being named TIME  magazine’s Person of the Year.

TIME  editor Richard Stengel writes, “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.”

This is the second time that Obama has been chosen by the magazine. TIME  named him Person of the Year in 2008 for “winning against the odds and becoming the first black president of the United States.”

Malala Yousafzai, wounded Pakistan women’s rights activist, Apple CEO Tim Cook, Egyptian leader Mohammed Morsi, Bill and Hilary Clinton, Yahoo! CEO Marissa Mayer, and Higgs boson physicist Fabiola Gianotti were close runner ups.

TIME’s Michael Scherer says in a profile of the president:

“Beyond the Oval Office, overwhelming challenges remain: deadlocked fiscal-cliff talks; a Federal Reserve that predicts years of high unemployment; and more unrest in places like Athens, Cairo and Damascus. But the President seems unbound and gives inklings of an ambition he has kept in check ever since he arrived at the White House to find a nation in crisis.”