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Barack Obama named 'Time' magazine's 'Person of the Year' for 2012

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Barack Obama has been named Time magazine's 'Person of the Year' for 2012.

It is the second time the US President has been given the annual accolade, having previously won it in 2008.

Obama/Romney second debate at Hofstra University, NY

© PA Images / Charles Dharapak / AP

Barack Obama

Barack Obama posts tweet celebrating his re-election

© Twitter / Barack Obama



Obama was awarded the title for "finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union," according to Time editor Rick Stengel.

"Obama is the first Democratic President since FDR to win more than 50% of the vote in consecutive elections and the first President since 1940 to win re-election with an unemployment rate north of 7.5%," Stengel added in a statement.

"He has stitched together a winning coalition and perhaps a governing one as well. His presidency spells the end of the Reagan realignment that had defined American politics for 30 years.

"We are in the midst of historic cultural and demographic changes, and Obama is both the symbol and in some ways the architect of this new America."

Pakistani activist Malala Yousafzai was this year's runner-up, followed by Apple CEO Tim Cook, Egypt president Mohamed Morsi and Italian particle physicist Fabiola Gianotti.

In an interview with the magazine, Obama said of the past 12 months: "2012 may have been more satisfying a win than 2008. I think it was easy to think that maybe 2008 was the anomaly, and I think 2012 was an indication that, no, this is not an anomaly.

"We've gone through a very difficult time. The American people have rightly been frustrated at the pace of change, and the economy is still struggling, and this President we elected is imperfect, and yet, despite all that, this is who we want to be. That's a good thing."

Last year's 'Person of the Year' was given to the 'The Protestor', to represent the many global protest movements over the previous 12 months.

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