Unlike many right-wing commentators, I had very high hopes for the Obama administration. Whereas most conservatives were wringing their hands about how Obama was likely to destroy the economy, I was confident that Ben Bernanke already had the task well in hand. Sure enough, Obama was content to continue where George W. Bush had left off, expanding the bank bailouts and quadrupling down on the $168 billion Bush stimulus package with his own $787 billion gambit.
UPDATE: I have to admit, Tom Bemis at Marketwatch did it better:
Obama fails to win Nobel prize in economics
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.
You know that’s the inevitable joke every time any prize is awarded anywhere over the next six months.