Booby Prize9 October 2009
The short-term result of the Nobel Committee giving the Peace Prize to President Obama will probably be to increase his political capital in some amount (in a context where polls shows his domestic approval trending downward and at or below 50%). In the long-run, this award will prove damaging to popular American perceptions both of Europe and of the Democratic Party.
American perceptions of Europe will suffer, because the only distinctive objectives had by President Obama which enjoy majority support are objectives at which he will not succeed. And American perceptions of the Democratic Party will suffer because it will be seen not simply as seeking the wrong things but as doing so in alliance with alien forces.