President Obama Wins Nobel Peace Prize.
The President hasn't held office for ten months yet. At the time of his nomination, he had been in office for all of twelve days.
Listen, I have no problem with Obama being awarded the Peace Prize - once he's done something to earn it. But this action removes what little credibility the award had left.
More to the point - it reveals the intellectual and moral bankruptcy of the Nobel committee, and reveals them as an organization more interested in electing a prom king rather than recognizing world-changing achievement.
Some reactions can be found at Instapundit and The Corner.