Obama – Again: For the second time in four years, President Barack Obama has been named Time magazine's Person of the Year.

"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," the editors write.

Obama was also Time's person in 2008 — in the intermediate years, those honored were Ben Bernanke, Mark Zuckerberg, and protesters.

Time's list had come down to Obama and four other finalists, including Malala Yousafzai, the 14-year-old Pakistani education rights activist

shot by the Taliban in October, Apple CEO Tim Cook, Egyptian

President Mohamed Morsi, and physicist Fabiola Gianotti.

The magazine's editors write that Republicans had a hard time running a candidate against him in the last election because he was just likeable.

"There was almost nothing that would stick to this guy, because they

just liked him personally," Romney deputy campaign manager Katie Packer

Gage told Time.

Time's editors say that Obama winning reelection proves that his first election was no anomaly and that he has won the trust of Americans.

That's not to say, however, that Obama does not face hefty challenges in his second term — including the fiscal cliff and gun control in the wake of the Sandy Hook tragedy.