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...Wednesday, the Harvard University scholar Henry Louis Gates Jr. appeared on Oprah Winfrey's celebratory post-election special. After learning the news, Gates says, "we jumped up, we wept, we hooped and hollered." It is hard to overestimate the historical significance of the election of the first black U.S. President. For many blacks, and certainly for much of the country and world, Obama's victory is an extraordinary step toward the redemption of America's original 400-year-old sin. It is astonishing not least for its quickness, coming just 145 years after President Abraham Lincoln issued the Emancipation Proclamation...

Author: /time Magazine | Title: What Obama's Election Really Means to Black America | 11/6/2008 | See Source »

Like all candidates, Obama made a lot of promises during the campaign. High on his agenda are ambitious proposals for subsidies and tax breaks to develop new energy sources like biofuels, a sweeping health-care plan, and shifting the tax burden toward those higher on the income scale. By Wednesday congressional power players were already planning the path forward in anticipation of these initiatives. House Republicans are gaming leadership changes, and among top Democrats, there's an urgency to raise their dismal approval ratings by delivering for Obama. "Given the [Democratic] majorities in both bodies, it'll be incumbent...

Author: /time Magazine | Title: Congress Gets Ready for the Obama Era | 11/6/2008 | See Source »

...There are several blue-state Republican Senators to provide Reid a target for alliances: Susan Collins and Olympia Snowe in Maine, Arlen Specter of Pennsylvania and George Voinovich in Ohio have all broken from their party at points. At least publicly, McConnell is promising cooperation. In a statement on Wednesday, he said, "These times are too important not to move quickly together...

Author: /time Magazine | Title: Congress Gets Ready for the Obama Era | 11/6/2008 | See Source »

...Senate by six seats - with three more seats still too close to call - and are no longer dependent on Lieberman's vote (although if they somehow win three more seats, Lieberman's vote could give them a filibuster-proof majority). Senate majority leader Harry Reid met with Lieberman Wednesday afternoon on Capitol Hill in what he said was the first in a series of conversations before the two will jointly address the party caucus when they convene in two weeks. "While I understand that Senator Lieberman has voted with Democrats a majority of the time, his comments and actions have...

Author: /time Magazine | Title: A Traitor Among Us? The Dems' Lieberman Problem | 11/6/2008 | See Source »

...elements of the President-elect's name are no less enchanting in these parts. Barack is a word of Semitic origin meaning "Blessing," and Obama, when written in Persian, transliterates into "He is with us." But it's not his name that has most Iranians I talked to on Wednesday elated by Obama's victory; it's the fact that they take the leader at his word and believe that he intends to end President Bush's policies of war and aggression...

Author: /time Magazine | Title: Iranians Hope Obama Lives Up to His Name | 11/6/2008 | See Source »

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