I liked these words from the Guardian:

Mr Obama will take office in January amid massive unrealisable expectations and facing a daunting list of problems - the wars in Iraq and Afghanistan, the broken healthcare system, the spiralling federal budget and America's profligate energy regime all prominent among them. Eclipsing them all, as Mr Obama has made clear in recent days, is the challenge of rebuilding the economy and the banking system.

These, though, are issues for another day. Today is for celebration, for happiness and for reflected human glory. Savour those words: President Barack Obama, America's hope and, in no small way, ours too.

I buy that.