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Time Magazine Picks Obama As Its 'Person Of The Year'

Associated Press file photo

More than 100,000 people came to see Barack Obama at a rally at the Jefferson National Expansion Memorial in St. Louis on Oct. 18.

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Published: December 17, 2008

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NEW YORK - President-elect Barack Obama has won another contest: He's been named Time magazine's "Person of the Year" for 2008.

The magazine said it gave Obama the title "for having the confidence to sketch an ambitious future in a gloomy hour, and for showing the competence that makes Americans hopeful he might pull it off."

The magazine has named Treasury Secretary Henry Paulson, French President Nicolas Sarkozy, Gov. Sarah Palin and Chinese director Zhang Yimou as runners-up.

Last year's winner was Russian Prime Minister Vladimir Putin. Previous individual winners have included Bono, President George W. Bush and Amazon.com CEO and founder Jeff Bezos.

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