Like any American, I am of course, pleased that Obama, whom I voted for, has received the Nobel Peace Prize.
But this is very early in the day for such an award. And Col. Patrick Lang and a lot of other folks have been blogging furiously about whether Obama might be about to attack Iran and escalate in Afghanistan and such.
And even if Obama has no intention of escalating Iran or Afghanistan - Neville Chamberlain looked like Peace Prize material right after Munich.
It is one thing to award the prize to Jimmy Carter after a long and well documented career; but to award such a prize to any brand new president looks a lot like investing in bundles of mortgage derivatives.