Although neither Biden nor Trump has yet reached the winning tally of 270 electoral college votes it seems that Biden is now the overwhelming favourite to get there.
If so then those of us who believe in the rational and dignified conduct of public affairs can heave a sight of relief at the end of the awfulness of the Trump presidency.
Whether America itself will benefit all that much (see later) is by no means guaranteed, but the World as a whole will benefit if the leader its most powerful nation accepts the reality of the climate crisis, the acceptance of international law and co-operation, and the orderly conduct of international trade.
Unfortunately the wave of revulsion against Trumpist populism for which so many enthusiasts for liberal democracy had hoped has not happened. In spite of the vulgarity of the Trump presidency, its failure to cope with the pandemic, its disregard of constitutional norms and its blustering rhetoric, the Republican vote has held up well.
The Democrats have failed to gain control of the Senate, and their majority in the House of Representatives has actually been reduced. Hence the Biden presidency, if it is realised, will be hamstrung for at least the first two years.
There will be expert analysis of this result over the coming months, but for now it seems that an Email from a friend of mine, Allan Marriot, sent some weeks ago, contains considerable insight. Allan predicted a Trump victory because, whereas Biden was honourable, rational, conventional and respectful of political norms, Trump's supporter were more influenced by his promise of jobs, antagonism towards immigration, standing up to China and , above all, making America great (again?)
Well , with any luck Allan was wrong about the victory, but I think he gave good reasons for the solidity of the support.
In today's Guardian Martin Kettle gives a similar analysis. He writes:
"Biden ... campaigned as if the Covid-19 pandemic was the main issue.
... But the white working class voters in the rust belt ... [still supported Trump because] they felt ignored, their jobs and communities had gone, they thought others - including foreigners - were getting too good a deal, and they wanted someone to speak for them."
So the the 2020 US election does not, after all, spell the beginning of the end of the populist wave sweeping through the US and Europe. It is a lesson we must learn in the UK. The lies, bluster and incompetence of the present government will not by themselves bring about their downfall.
The progressive forces here, rightly appalled by the current shambles, must put together a programme with clearly demonstrates that we have heard the pleas of the "left behind" and have a constructive plan for a brighter future which includes them.
Plans to restore the glories of liberal democracy are essential, but they are not by themselves enough.