"We are dreaming, we Europeans, of Obamaland"—a place of sunshine and music, conciliation and concord. That's an abbreviated quotation from an editorial this week in the Independent of London, contemplating Barack Obama's election. In the United States, Barack Hussein Obama won a comfortable majority. In the rest of the World, he won by a landslide. After much talk of America's decline, his election has restored it as a symbol of opportunity in Europe, Africa, the Middle East and parts of Asia. But biography is one thing, and policy is another. Obama may well have created expectations he'll never fulfill. We discuss the anticipation of radical change and possibility of a different scenario.