"Let's be clear. I do not view it as a recognition of my own accomplishments, but rather as an affirmation of American leadership on behalf of aspirations held by people of all nations," President Barack Obama said in his humble acceptance speech.
Though the US President described the peace prize as a call to action and not a reward for results, Republicans have scoffed at the accolade.
Stephen Hess of Brookings Institution "Some will say 'well, what's going on is that the rest of the world is having this love affair with him and we want him to attend to our problems'."
In an official statement, the Republican Party has said, "One thing is certain, President Obama won't be receiving any awards from Americans for job creation, fiscal responsibility or backing up rhetoric with concrete action."
Despite the prestige, the Nobel peace prize could become a political liability for Obama who is struggling to push through many of his policies on the domestic front. Not only does it come with increased expectations, the peace prize has re-energized the original Republican critique against Obama first made during the presidential election - that he is an international celebrity and Americans should be suspicious of his popularity abroad. In that sense, Obama may find this latest honor as much a burden as a benefit.