From a fundraising email that Team Obama just sent out:
Friend --
Votes are still being counted in Pennsylvania, but one thing is
already clear.
In a state where we trailed by more than 25 points just a couple
weeks ago, you helped close the gap to a slimmer margin than most
thought possible.
There you have it: A 10-point loss is actually a moral victory.
UPDATE: The gap has narrowed to 8.6%, as of now (10 AM). If the
margin in the wee hours of the morning was slimmer than most
thought possible, then wow, this really is tight as a tick!