Barack Obama Is President

America and the world is celebrating the 2008 election result as Barack Obama swept to victory becoming the first US black President.

The 47 year old Democrat beat his republican rival John Mcain 297 to 139 passing the crucial 270 votes at 4am local time.

The son of a white mother from Kansas and black Kenyan father arrives at the Whitehouse 45 years after Martin Luther and the Civil Rights movement fought for the rights of black people in America " to not be judged by the colour of their skin, but by the content of their character".

Accepting defeat John McCain said 'The American people have spoken ... I recognise the special significance that this has for African Americans'.

President Obama faces an number of pressing issues including the financial crisis, and the situation in Iraq and Afghanistan.

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