MarketWatch On Stockholm's Shocking Lapse In Not Considering Obama For The Economics Prize
LONDON (MarketWatch) -- 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
From his $787 billion stimulus package, to the cap and tax bill, to the
seizures of General Motors and Chrysler, to the un-dead healthcare
"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.
Other surprise losers include celebrity non-economist 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.