Market Watch reports on the “shocking” decision by the Nobel panel to award someone other than President Obama the Nobel Prize in Economics on Monday. Here’s a snippet:
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 … 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.
At the very least, the Nobel panel could have recognized the President’s creation of the brand new, yet vague economic concept of “jobs saved or created.”