Earlier quoted context omitted.
Chinese here. In China, lot's of people who originally supported 刘晓波[0] shuts up after Obama's winning . So, yes, at least in China, Nobel Peace Prize is nothing now. 0: https://en.wikipedia.org/wiki/Liu_Xiaobo
Obama won the year before Liu Xiaobo, so how does this make sense?
Far as I can remember, at that time (Around 2009, 20 years after Tiananmen event), there are some people says Liu Xiaobo should be awarded with the peace prize for against CCP's dictatorship.
Some people event had a debate about it. Some say Liu is a hero for democratize China, others say he's wants China to be invaded and controlled by ... may be the US?
That debate later end with Obama's prize.
I'm not saying Obama is bad or anything though. It's not appropriate for an outsider to comment your president.