Having agreed with almost everyone else on Friday that the awarding of the Nobel Peace Prize to President Obama makes him look ridiculous, we would now like to take exception from several points of conventional wisdom about the award.

The first point, offered by fair-minded critics and embarrassed supporters of the president, is that he is not to blame for the Norwegian Nobel Committee's decision: "President Obama has won the Nobel Prize for Peace--but that's not his fault," declares a Washington Post editorial. "Assuming...