WASHINGTON (March 11) — President Barack Obama plans to donate the $1.4 milllion from his Nobel Peace Prize to helping students, veterans' families and survivors of Haiti's earthquake, among others, drawing attention to organizations he said "do extraordinary work." Obama is giving a total of $750,000 to six groups that help kids go to college. Fisher's House, which provides housing for families with loved ones at Veterans Affairs hospitals, will receive $250,000, the White House said Thursday. And the Bush-Clinton Haiti Fund, for which two former presidents are raising money to rebuild earthquake-ravaged Haiti, will receive $200,000. Skip over this content

Obama was chosen for the Nobel award more for his aspirations and approach than his accomplishments thus far.

Instead of creating intelligent policy, Obama seeks to solve problems by giving speeches and then holding events in celebration of his words.