Should those holding political office be exempt from awards?

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Should people holding political office be exempt from achieving awards like the Nobel Peace Prize while holding office? It seems like it's a form of corruption, awarding them with something with such implications and obligations. It would interfere with their decision making processes or would it, instead, cause them to be better leaders? Would they feel they had to earn their award after receiving it as well as before?
Why not wait until after they leave office to grant them any awards?

Yes, i agree totally.

Obama's nobel peace prize posession is a joke after his conduct in Pakistan. He should have it revoked.