The loyal opposition at the Wall Street Journal congratulates Barack Obama, 44th President-elect of the United States.

Money Q:

A man of mixed race has now reached the pinnacle of U.S. power only two generations since the end of Jim Crow. This is a tribute to American opportunity, and it is something that has never happened in another Western democracy -- notwithstanding European condescension about "racist" America. That blacks voted for Mr. Obama so heavily is a typical rite of American passage, and it is similar to the kind of cultural pride that Catholics took in the victory of John Kennedy in 1960.