MORE ON compressed-air cars.

TOM SHALES: “Network anchors and reporters vied for airtime in which to express their own elation at Obama’s win, and a sometimes inappropriate personal sense of victory; were reporters who said they were thrilled by Obama’s winning sort of confirming charges of pro-Obama bias that had been leveled by McCain forces during the campaign?” Nice that Shales noticed the media investment in this candidacy.

WELL, YOU HAVE TO LOVE THIS: At 109, Slave’s Daughter Revels In Historic Vote.

READER PETER PIOTTI WRITES: “Delaware has a great tradition called Return Day. In a nutshell, two days after election day all of the candidates get together for the election returns to be read and the opposing candidates ride together and literally bury a hatchet together. Hopefully Joe Biden will still attend. He should invite Sarah Palin.” I’d never heard of that custom; it sounds cool.

WELL, THAT DIDN’T TAKE LONG: Medvedev: Russia to Deploy Missiles in Response to U.S. Missile Shield.

LISTEN TO ME, JAMES LILEKS, STEPHEN GREEN, Ed Driscoll, and Jennifer Rubin talk about the election and what it means on the latest PJM Political.

AN OBAMA POPULAR VOTE VICTORY: “With most U.S. precincts tallied, the popular vote was 51.9% for Obama and 46.8% for McCain, making the Illinois senator the first Democrat to win a majority of the popular vote since 1976.” Yet it still shows the nation closely divided.

A LOOK AT tax policy in the Obama-Biden administration.

RON COLEMAN ON the morning after.

THE SEVEN BIG post-election questions.

JENNIFER RUBIN: Top 30 Errors That Doomed McCain.

PERRY DE HAVILLAND: “Unlike many, well, most of my compatriots, I am not filled with a deep sense of gloom and foreboding at the prospect of the most left wing president since FDR gaining the Whitehouse. In truth, I can see many reasons to think it may well be a far better outcome than if a Big State Republican like McCain won.” Read the whole thing. I hope he’s right.

SCOTT JOHNSON: Ten theses on President-elect Obama.

DAMON ROOT: Rangel-Obama ’08!

JOHN MCCAIN CONCEDES: The crowd boos Obama, but he silences them. “His success alone commands my respect for his ability and perseverance. . . . This is a historic election. . . . Let there be no reason now for any citizen to fail to cherish their citizenship in this, the greatest nation on earth.” The crowd cheers.

He calls Sarah Palin “One of the best campaigners I have ever seen, and an impressive new voice in our party for reform and the principles that have always been our greatest strength. . . . We can all look forward with great interest to her future service to Alaska, the Republican party, and our country.”

UPDATE: Mark Levin: “John McCain just gave a classy concession speech. If McCain had won, we were told of possible riots.”

ANOTHER UPDATE: Jim Geraghty: “I have many, many disagreements with Barack Obama. But tonight I congratulate him on his victory. I have seen a few critics say, ‘he won’t be my president,’ but that is nonsense. He will be my president, and I will wish him well, particularly as he takes on the duty of protecting the American people in a dangerous world.”

MORE: Bill Daly writes:

I can remember being enthusiastic about Kennedy winning the 1960 election. It was the last time in my life that I was ever enthusiastic about a Democrat winning. I’ve voted a couple of times for the Democrat in the meanwhile, but they lost, so there was nothing to celebrate. Massachusetts will do that to you.

Anyway, I’ll go on record as predicting that Obama will be almost totally ineffectual as President. He appeared to think during the campaign that the office of President held absolute power in the US, but that is not the case. The big winner, unfortunately, was Congress. I doubt that even a majority of Democrats in Congress are actually socialist, and while they will support tax increasses big time, there’s very little else of Obama’s agenda that they’re likely to back.

At least, we won’t have to worry about McCain being blamed for the inevitable screwups.

Question: what is the likelihood that in 2012, Iraq will still be an ally of the US?

Stay tuned. We’ll see.

STILL MORE: Hard feelings.

But Obama’s acceptance speech was classy. If he governs in that spirit, he’ll do well. Will he?

TONIGHT’S ELECTION: “A nonviolent revolution.”

JIM MANZI: “There are about 1,460 days until the next Presidential election, and I assume that I will spend approximately the next 1,459 of them opposing Barack Obama. But I’m spending today proud abut what my country has overcome.”

FOX JUST CALLED THE ELECTION FOR OBAMA: Congratulations. It’s a historic moment.

JONAH GOLDBERG: “Look, I expect to be one of the most severe critics of the Obama administration and the Democrats generally in the years ahead (though I sincerely hope I won’t find that necessary). But Obama ran a brilliant race and he should be congratulated for it. . . . God bless America, and may He guide Obama to be the best president possible.”

SARAH PALIN VOTES: And Mark Steyn observes: “If the night goes the way it seems to be heading, the differences between the Governor and the campaign will be one of the most interesting parts of the GOP post-mortem.”

HOLDING OBAMA to his spending cut promises?

DEMOCRATS dancing the night away. Enjoy your night, folks!

MCCAIN CARRIES TEXAS AND UTAH but that’s no surprise. Obama carries Iowa. At this point, the only real question is really how big Obama will win; only a miracle will save McCain.

More on the likelihood of an Obama victory at PJM.

UPDATE: Fox says Elizabeth Dole has lost in North Carolina. Meanwhile, Mark Foley’s replacement Tim Mahoney has lost to Republican challenger Tom Mooney.

MEGAN MCARDLE: “Are there any sweeter words in the English language than ‘The election is over?’ Starting tomorrow, I can turn my attention to things like budget deficits, and stimulus packages.”

FAUSTA IS liveblogging from TigerHawk’s den.