I don’t believe that another round of tax breaks for millionaires will bring good jobs to our shores or pay down our deficit. I don’t believe that firing teachers or kicking students off financial aid will grow the economy or help us compete with the scientists and engineers coming out of China. After all we’ve been through, I don’t believe that rolling back regulations on Wall Street will help the small businesswoman expand, or help the laid-off construction worker keep his home. We have been there, we’ve tried that, and we are not going back! We are moving forward, America!

BuzzFeed's take:

Barack Obama leaves the Democratic National Convention here with a commanding position in the race for president, leaving his Republican foe to hope that a meticulously staged three-day campaign event cannot overshadow a weak American economy.

The Democratic National Convention, energized by party soldiers’ genuine affection for the first black president, accomplished what a cooler, well-staged Republican National Convention in Tampa did not: It broke through. Bill Clinton’s discursive, 50-minute Wednesday speech was watched by more people than the Cowboys-Giants game.

And the president used Clinton’s base to lean into his second term with a workmanlike and programmatic speech, and to offer the contrast and the detail that will be the focus of the fall campaign.

“You will face the clearest choice of any time in a generation,” Obama said of the November election. “Over the next few years, big decisions will be made in Washington, on jobs and the economy; taxes and deficits; energy and education; war and peace – decisions that will have a huge impact on our lives and our children’s lives for decades to come.”

and now, after both conventions, where the candidates stand:

Obama’s path out of Charlotte is crystal clear. He is now running on a detailed plan for the next four years, a classically political document dominated by modest-sized (dare we say Clintonian?) initiatives carefully targeted at key groups of voters — like manufacturers, autoworkers, and the energy workers — organized in the states he needs to carry this fall. He has found, in Clinton, a defense against Mitt Romney’s charge, that in an alteration of welfare policy he’d broken with Clinton’s own legacy.

Romney’s tactical path is far less obvious.

“At this point Romney would have to change the basic contours of the race to win,” said Jim Jordan, a Democratic political consultant.

The Republican spent much of the summer trying to talk about the weak economy, and losing day after day to distractions ranging from his tax returns to outlandish statements by House Republicans to an extended defense of his running mate’s views on Medicare.

The effective Democratic convention, senior figures in both parties said, leaves Romney only one path: To hammer the economy and to make sure that this time, his message breaks through, something his campaign did with a statement released while Obama was speaking: “Tonight President Obama laid out the choice in this election, making the case for more of the same policies that haven't worked for the past four years.”

Andrew Sullivan collects the rest of the blogger reactions, which is something you absolutely should go read.