As you know, President Obama traveled to Oslo, Norway yesterday to accept his Nobel Peace Prize. And you can say what you will about whether or not he deserved the award, but you have to admit he gave a pretty good speech. I mean, as far as Nobel Peace Prize acceptance speeches go, he practically made Aung San Suu Kyi look like Carlos Filipe Ximenes Belo!

Click here to watch last night's Colbert Report in its entirety. Meanwhile, Jon Stewart's take on the speech from last night's Daily Show can be found below.

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Barack Obama sure is speechy these days, huh?

Seems like just last week that he was giving a speech about how he's decided to escalate the war in Afghanistan by sending an additional 30,000 troops into that smoldering shell of a country. And now, he's delivering an acceptance speech for the Nobel Peace Prize…

President Obama, accepting the Nobel Peace Prize here on Thursday, acknowledged the age-old tensions between war and peace but argued that his recent decision to escalate the conflict in Afghanistan was justified to protect the world from terrorism and extremism.

"We must begin by acknowledging the hard truth," Mr. Obama said. "We will not eradicate violent conflict in our lifetimes. There will be times when nations — acting individually or in concert — will find the use of force not only necessary but morally justified."

Yes, and then there are countries like the ones like the U.S. and the U.K. which are trying to fight back against the Middle Eastern countries' moral war against the West, which I'm assuming he is referencing in the above paragraph.

This is clearly a case of the good guys vs. the bad guys.

Uhh, okay: Barack Obama just won the Nobel Peace Prize, because apparently commanding two wars is not a disqualifier for that these days. Also, as you may have noticed, Barack Obama has been president for nine (9) months. What is going on?

Thorbjorn Jagland, the chairman of the Norwegian Nobel Committee and a former prime minister of Norway, told reporters that Mr. Obama had already contributed enough to world diplomacy and understanding to deserve the prize.

Asked whether the prize was given too early in Mr. Obama’s presidency, he said: "We are not awarding the prize for what may happen in the future but for what he has done in the previous year. We would hope this will enhance what he is trying to do."

Oh, Thorbjorn. I hate to break it to you, but this is America, not Norway. We don't eat fermented trout; we eat high fructose corn syrup. More importantly, your "peace prize" will have precisely the opposite effect in terms of "enhancing what Barack Obama is trying to do," because now instead of talking about health care or Afghanistan we will spend the forseeable future bickering about whether or not Barack Obama should have won your "peace prize," and on top of that we will have the Kanye West parodies. "Barack, I'm really happy for you, and I'ma let you finish, but Morgan Tsvangirai is one of the best Zimbabwean prime ministers of all time," gah, those jokes alone will drag into January.

Anyway, thanks a bunch for the extra dollop of anger and conflict, Norway! Maybe one of you could come over here and resolve it for us? I hear there's a prize for that sort of thing.