The one thing Obama's election did was prove, DEFINITIVELY, that America is willing to elect a black man as president. Period. Sadly, he and his administration squandered a lot of the positivity of that fact, stirring up racial strife where none previously existed.
You tell your kid, the day after Romney wins, that no matter what color or religion you are, that once you get the job, you have to do the job well. Not to the best of your ability - you have to WORK. That even the top isn't the top. That you can always do better. And then tell your child that in order to take advantage of amazing opportunities like becoming president, he needs to work all his life beforehand to be ready to do an incredible job. THAT is where Obama failed.