CBS's Schieffer: The prize is the loser

Bob Schieffer of CBS's Face the Nation says that the lasting impact of the odd decision to award President Obama the Nobel Peace Prize for having good intentions is that the prize is devalued in the eyes of people to whom it once meant a great deal.

Interestingly, Schieffer admits in the process to his own bias in favor of Obama's foreign policy.

Meanwhile, Robert Tracinski of The Intellectual Activist frankly labels Obama's award "the Nobel Prize for Moral Posturing."

HT: Real Clear Politics