Time Magazine has announced their 2012 Person of the year, and it is President Barack Obama.

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Many thought that the Pakistani girl who was shot by the Taliban would be the Person of the Year, but she finished as runner up to President Barack Obama, who has had a pretty remarkable 2012.

On the Today Show, Time announced why they chose President Obama, and a lot had to do with the election. We will have to wait and see what President Obama's second term will hold.