Barack Obama Wins Nobel Peace Prize

Republicans will likely find a way to turn this into an example of Socialism, but Barack Obama has won the 2009 Nobel Peace Price.

In a surprising announcement this morning, the annual award's committee cited the President "for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples."

Obama is only the third sitting President to earn the honor, following Theodore Roosevelt and Woodrow Wilson. Despite his short time in his office, the Oslo-based committee said:

"We are awarding Obama for what he has done. Many other people and leaders and nations have to respond in a positive way" to President Obama's diplomacy.

In less than a year since his historic victory, President Obama has spoken out in favor for reductions in nuclear arsenals; is trying to restart peace talks between Israelis and Palestinians; and has faced constant challenges in Iraq and Afghanistan.

Thorbjorn Jagland -  the chairman of the Norwegian Nobel Committee - told reporters he hopes the Nobel Peace Prize designation "will enhance what he is trying to do."

Do you agree it's well-deserved? Or is too early to bestow such an award on Obama? Vote below!