Happy: Fortunately it looks like it will not pass (although sfgate.com is not calling it yet).
Sad: California Prop 8 (taking away the right of same-sex couples to marry) seems to be passing (sfgate is not calling it yet either; 5% of precincts still have not reported). I stayed up until 2:30 am last night watching the Prop 8 gap narrow as urban votes were counted, but it certainly does not seem likely that the result will turn around.
A little bit sad: Only 55% voter turnout in my county. That's good compared to how it usually is, but not as good as I would have hoped.
Happy: Am seeing reports of a turnout as high as 80% in some areas.
Happy: Obama will be president and won by a pretty big popular vote majority. In the weeks coming up to the election it certainly seemed that he was winning, but after the mess of the last two US presidential races, I was worried that something would go wrong. When I saw that he was projected to win, and especially after McCain conceded, I let out a breath I didn't even know I was holding.
Sad: The US still has a lot of problems. There's plenty I don't like about the Democratic Party. I am still worried about the trend toward diversions, insults, and outright lying in lieu of meaningful political conversations.
Happy: I feel hopeful in a way that I haven't for a while that US citizens with different political views can gradually stop hating and fearing each other. I am glad I participated in an historic election. I am proud that the people of my country were willing to elect an intelligent person and a person who is not white. And I am glad that people in many other countries seem to like Obama. The US really needs to improve its image globally and now maybe we can.