Yes people may just start to respect a higher authority now...
Did you guys check out the world markets? Global markets went up as soon as Bush pulled ahead!
I'm guessing by 'people' you mean liberals? I would hope so, but I doubt that respect, though greatly needed, is going to materialize.
(My own personal solution to curing a liberal of liberalism is 'Who's your Daddy?' A Liberal's Plea for Dad ....)