Ted Rall: No, We Didn't

Obama Win More Hysterical Than Historical

NEW YORK-There is less here than meets the eye.

Yes, the election results are notable. But they don't mean as much as people think.

First, the important stuff: The first black president has been elected. And not just elected by a majority of voters, many of whom were black and/or first-time voters, but by nearly half of white voters. Twenty-eight years after the Reagan Revolution, the electorate has repudiated Republican inaction-on Iraq, in New Orleans, most of all on the economy-to an extent not seen since Watergate. Americans delivered a proxy impeachment of George W. Bush, holding McCain less to account for his policies than his association with a (cough) leader they blamed for their troubles.