The great racial debate

With Barrak Obama on his way to becoming the next President of the United states, and the first Black president. Is there cause to say that racism is just an ugly word of the past, or are the democrats pushing a rolling stone up a huge hill? A stone that may just roll over top of them and crush several millions of people on its way back down?? Is there still a problem in America with Racism. Is there still a problem with sexism. Dealing with the minorities in the work place.