This is such a big mistake. The U.S. is still involved in two devastating, expensive, unnecessary wars. Obama has been in office less than a year; while he may accomplish much, his accomplishments do not yet justify this award. I think I would support giving the Nobel Peace Prize to a sitting U.S. President only if he'd actually gotten a signed agreement of some kind out of the Israeli/Palestinian/Arab mess. I mean, St. Jimmy Carter had to do humanitarian work for more than 20 years to earn this prize.
And this makes the Peace Prize look completely political. It kills the committee's credibility and gives more ammunition to wingnuts frothing about the vast left-wing conspiracy. What a damn shame.