The Democratic duo was picked ahead of three other finalists: Frontline health care workers and Anthony Fauci, the racial justice movement, and President Trump.
Trump has not yet conceded to the results of the election, but he is going through a continuous dispute with the magazine over its incompetence to choose him in previous years. He was called Time Person of the year in 2016.
Time's 2020 Person of the Year magazine cover owns portraits of Biden, 78, and Harris, 56, with the subtitle "Changing America's story".
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"For changing the American story, for showing that the forces of empathy are greater than the furies of division, for sharing a vision of healing in a grieving world," Time's current editors' director Edward Felsenthal said of the decision.
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Felsenthal notes, "Every elected President since FDR has at some point during his term been a Person of the Year, nearly a dozen of those in a presidential election year. This is the first time we have included a Vice President."
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"Together, they offered restoration and renewal in a single ticket. And America bought what they were selling," he added.
Biden received 306 electoral college votes compared to Trump's 232 to end the real estate tycoon turned politician's presidency after one term.
He received approximately seven million more votes than his Republican rival, who is yet to comment on his defeat, asserting widespread fraud that occurred in the election.
Time endorsed the Democratic ticket for removing an incumbent president for just the 10th time in US history. Is this a reason to receive the "Person of the Year"?
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"Biden and Harris had to revive the party's fading strength with white voters without college degrees; energize its emerging base of diverse, urban young voters; and motivate the hordes of angry suburbanites, particularly college graduates and women, who had fled the Trump-era GOP," it wrote.
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When asked by Time what he would like people to say about him after four years in the White House, Biden replied: "That America was better off and average Americans are better off the day we left than the day we arrived. That's my objective."
Harris is the first Vice President-elect to be selected Person of the Year.
She said in an interview with Time that Biden's administration would have to address a series of problems from the White House, including the pandemic, an "economic crisis" and a "long-overdue reckoning on racial justice". You can be certain that the leftists can address the economic issue well enough, raising the taxes and whatnot, will definitely not create any more problems than we already have.
"We have to be able to multitask, just like any parent or any human being does," Harris said.
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