I took a look at that up-close pic of the cardboard cutout:
(http://newsbusters.org/static/2009/12/Obama%20Snubs%20Kids%20Event%20In%20Oslo,%20Cardboard%20Cutout%20Put%20in%20his%20Place.jpg)
and it gets even worse, because that cutout looks exactly like the "life-size" cardboard cutout of Obama (http://www.hollywoodstandups.com/product_info.php?products_id=884) you can buy from Hollywood Standups for $32.95:
(http://www.hollywoodstandups.com/images/739-BARACK-OBAMA_Superior_0.jpg)
I guess that's what Obama figures a bunch of Norwegian kids are worth - US$32.95 (plus applicable sales tax, of course ;) ).