CHICAGO – NOVEMBER 04: U.S. President elect Barack Obama (L) and Vice-President elect Joe Biden wave to their supporters after Obama gave his victory speech during an election night gathering in Grant Park on November 4, 2008 in Chicago, Illinois. Obama defeated Republican nominee Sen. John McCain (R-AZ) by a wide margin in the election to become the first African-American U.S. President elect. (Photo by Scott Olson/Getty Images)