From Market Watch:

http://www.marke****ch.com/story/oba...ics-2009-10-12

LONDON (Marke****ch) -- In a decision as shocking as Friday's surprise peace
prize win, President Obama failed to win the Nobel Memorial Prize in
Economic Sciences Monday.

While few observers think Obama has done anything for world peace in the
nearly nine months he's been in office, the same clearly can't be said for
economics.

The president has worked tirelessly since even before his inauguration to
wrest control of the U.S. economy from failed free markets, and the evil
CEOs who profit from them, and to turn it over to wise, fair and benevolent
bureaucrats.

From his $787 billion stimulus package, to the cap-and-trade bill, to the
seizures of General Motors and Chrysler, to the undead health-care "reform"
act, Obama has dominated the U.S., and therefore the global, economy as few
figures have in recent years.
Yet the Nobel panel chose instead to award the prize to two obscure
academics -- Elinor Ostrom and Oliver Williamson -- one noted for her work
on managing collective resources, and the other for his work on transaction
costs. See full story on the Nobel winners.

Other surprise losers include celebrity noneconomist and filmmaker Michael
Moore; U.S. Treasury Secretary Timothy Geithner; and Larry Summers, head of
the U.S. national economic council.

It is unclear whether the president will now refuse his peace prize in
protest against the obvious slight to his real achievements this year.

-- Tom Bemis, assistant managing editor