Before anyone gets all indignant about Obama winning the Nobel Peace Prize, I hope we can remember that Paul Krugman (he of the "post-office-and-MVA-are-models-of-efficiency" school) won the Peace Prize for Economics. We're not talking about non-partisans over there.
I've heard plenty of people say "what did he do" and my answer is "he won the Nobel peace prize." This award is meant more to give the President additional authority than it is to reward him for a job well done. As far as I am aware, the President's only international agreement has been a "Prom Promise" type document saying that we promise not to screw up the economy again. Most could look at it as a general censure on America for being such a dominant force in the economy.
But at the end of the day, the award says something more. When Obama's approval rating has gone way into the red domestically, he is being encouraged by his overseas electorate...you know...those people he visited DURING the Presidential campaign. In an age when our ears are being filled with "the world is flat" dogma, a President will seek out international favor even when it is pissing off the people at home. Nonetheless, the Olympics are in Rio, Iran is building a bomb, and Russia is about to have a gulag party in the Ukraine. Nice job.
So for now, congrats Mr. President. I'm sure your acceptance speech will be pretty. But unfortunately you ran for office here. Get back to work.