Does Barack Obama's victory mean a new and permanent political alignment in American politics? Bill Moyers speaks with Kevin Phillips about how America has changed since Phillips penned The Emerging Republican Majority 40 years ago. Also on the program, Bill Moyers sits down with Columbia University professor Eric Foner, who specializes in political and African-American history, and University of Wisconsin history professor Will Jones, who specializes in 20th Century America, to discuss the historic implications of electing Barack Obama.