This isn't an April Fools joke by Time, but they are trying to fool as many people as possible though.
Unfortunately, this is real to them. Their next edition will have the story about "Why Obama LOVES Reagan". I know the left urgently needs to try and present Obama as moving to the center, but they need to try a different illusion then this. I have to laugh at how stupid the people at Time take people for. Obama likes Reagan as much as Jesse Jackson was truly Bill Clinton's "spiritual adviser" after the Monica Lewinsky scandal broke. Only an idiot would believe either. This is what the real Time Magazine cover should be if they were honest.