Firstly, this bit stood out from the victory speech. It's the sort of quote that you could expect in quite an enjoyable essay title - followed by the word 'discuss.'
"...tonight we proved once more that the true strength of our nation comes not from our the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity, and unyielding hope.Secondly, John Bolton (a Republican) was on Newsnight earlier raising something - and I don't know if he's right here. He said that this is a few-point victory in the face of economic collapse, a fantastic fundraising campaign, a spectacularly unpopular President, the perceived failure in Iraq and so on. Bolton made the point that the next race in four years time is hardly one that Republicans should fear under the circumstances. Tom raises similar questions here.
For that is the true genius of America - that America can change. Our union can be perfected. And what we have already achieved gives us hope for what we can and must achieve tomorrow."
For all of the 'historic victory' shtick, is he right? Or is this a watershed? Is it that Republican voters are meeting their maker while young voters turned out disproportionately highly for the Democrats? And is it the case that the tide of history is moving permanently (or for the foreseeable) away from the Republicans and that we only saw a first flowering of this last night?
It may all seem a bit of a flaky question to ask, but if you read Snowflake here, it's a question that has a great deal of significance for the debate - particularly around tax - in the UK. I'd suggest that a likely Democrat second term would be needed to cement the kind of shift that Snowflake is hoping for in the medium term?