When he retires in 2020 you mean.
The next big step in "Hope and Change" allows for the big O to run (and win) a third term.
The prize is given for (among other things):
Quote:
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"...to the person who shall have done the most or the best work for fraternity between the Nations."
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The Nobel committee had this to say:
Quote:
To wit:
"...his extraordinary efforts to strengthen international diplomacy and cooperation between peoples."
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That being said, I can see the logic in awarding the prize to Obama, premature though it may be.