Those who say President Obama didn't do anything for the Peace Prize must get all their "news" from Fox.
Aside from outlawing torture? That was a HUGE thing to all the other countries of the world. The missile defense system that President Bush wanted to install in northern Europe infuriated the Russians creating an atmosphere that could have started another Cold War. President Obama defused the issue by substituting deployed ships equipped with Aegis missile platform to protect the ME and Northern Europe. A brilliant move, why, because the Aegis missile system is capable of intercepting the short and medium range missiles of Iran without threatening Russia.
Obama's ME policy of getting consensus views from all parties with the intent of reaching an agreement through consensus is a new concept. His ME policy has yet to yield results, but it is better than ignoring the key members in the dispute, as was the way of the Bush administration.
Korea is at the tables and talking with the Six world powers; Iran, with prodding, is now opening the doors to inspections of its nuclear facilities, and the Free World is working together to solve the economic problems initiating by the bad practices of Wall Street and our Banking industry. Obama immediately repealed the policy of torturing prisoners, under the Bush administration; the torturing of prisoners had disheartened the rest of the world and everyone was elated with Obama’s announcement. Obama's getting Russia in line with the US (instead of with China) over Iran was nothing short of astonishing.
Obama has done plenty to deserve the Noble Peace prize. He has given the world-at-large hope!