Obama Time’s Person of the Year

    REDFORD, MI  - DECEMBER 10:  U.S. President Barack Obama greets the crowd after he spoke about the economy at the Daimler Detroit Diesel engine plant December 10, 2012 in Redford, Michigan. The President and Congress have not yet come to an agreement regarding how to extend the Bush-era tax cuts, which expire at the end of this year (the so-called "fiscal cliff"). Republicans in Congress want the tax cuts to continue to apply to all tax payers, whereas the President wants them to apply only to tax payers who earn less than $250,000 a year.  (Photo by Bill Pugliano/Getty Images)

    Bill Pugliano/Getty

    At least it’s better than when Time named “you” the person of the year, right? Time magazine named President Obama 2012 “person of the year,” managing editor Rick Stengel said Wednesday. The editors choose the honor for the person—or sometimes group—that is considered to have had the greatest impact during the past year. Last year, amid the Arab Spring uprising and Occupy Wall Street in the U.S., Time chose “the Protester.” The title doesn’t always come with honor, as the magazine has been known to pick those famous for notoriety, such as Adolf Hitler in 1938 and Ayatollah Khomeini in 1979. This year, Time took a poll with six frontrunners, but Obama didn’t win that contest—readers chose Kim Jong-un.

    Read it at Today Show