Django Unchained- The Academy doesn't really love Tarantino that much. They did give him the Best Original Screenplay Award. And Christoph Waltz the Best Supporting Actor oscar. Plus they didn't want to get flak for awarding a movie that has a lot of use of the n word.
Beasts of The Southern Wild- I think this one could've won. But they were also of the "lucky to be here" variety since pretty much everybody here was new to film.
Lincoln- Daniel Day-Lewis gets the Best Actor award because he's DDL. But this movie is really long however, which could work against it. And they already gave Spielberg his due with Schindler's List, amongst his other movies.
Life of Pi- It already won Best Director for Ang Lee, Best Original Score, Best Visual Effects and Best Cinematography. It didn't need Best Picture.
Amour- I haven't seen this one but it did win Best Foreign Picture. Doesn't make sense to award it Best Picture as well.
Silver Linings Playbook- It really wasn't better than Argo. J-Law won for Best Actress as well. And I think the main reason it got nominated is because they needed to show that they recognize comedies, which they've also gotten flak for. And a Best Director nom for DOR is good enough for them.
Les Miserables- Already won Best Supporting Actress for Anne Hathaway, Best Sound Mixing, and Best Makeup and Hairstyling. Also didn't need Best Picture.
Zero Dark Thirty- Thought this was a better movie than The Hurt Locker honestly. But they already gave Kathryn Bigelow two trophies for that movie. And the movie got a lot of criticism for its portrayal of torture. They didn't want to be seen as condoning that movie for that reason.
It's all politics, baby.
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