Ig-Noble Award for just showing up

If any didn't think the Nobel Peace Prize was a thoroughly political thing, they after all awarded the same prize to a blood-hungry terrorist named Yassir Arafat, Pres__ent Obama has been given a Nobel Peace Prize.

Nominated on his 12th day in office. What a joke.

Where has he made peace?

Does he get the prize for just showing up?

Will they take the award away if he starts invading countries? or starts slaughtering his own people?

Can anyone name any reason for this man to have been given a peace prize?