The ten best US election stats

Including, how the Democrats have won the popular vote in five of the last six elections.

1. Barack Obama is the first US President since Franklin D. Roosevelt to win re-election with unemployment above 7.2 per cent. The jobless rate is currently 7.9 per cent, 0.7 per cent higher than the rate when Ronald Reagan won a second term in 1984. Roosevelt secured re-election in 1936 with unemployment at 16.6 per cent.

2. Based on exit polls, Obama won 93 per cent of the black vote, 73 per cent of the Asian vote, 71 per cent of the Hispanic vote and 39 per cent of the white vote. Nate Silver notes that "forty-five percent of those who voted for Mr. Obama were racial minorities, a record number".

3. Mitt Romney and Paul Ryan are the first presidential ticket to lose both candidates' home states (Massachusetts and Wisconsin) since 1972 Democrat candidates George McGovern (South Dakota) and Sargent Shriver (Maryland).

4. Defying conservative predictions that he would win the Electoral College but lose the popular vote, Obama currently has 58,532,508 votes (50.2 per cent) to Romney's 56,353,802 (48.2 per cent).

5. Obama's re-election marks the first time the US has had three two-term presidencies in a row since Thomas Jefferson, James Madison and James Monroe.

6. As the Democrats quipped, "we've got ballots full of women". It was the female half of the US population that secured Obama's re-election, voting by 55 per cent to 44 per cent for the US president. Men, by contrast, voted for Romney by 52 per cent to 45 per cent.

7. The Democrats have won the popular vote in five of the last six presidential elections (1992, 1996, 2000, 2008 and 2012). Al Gore won the popular vote against George W. Bush in 2000 by 543,895 (0.5 per cent) but lost the Electoral College to Bush by five votes (271 to 266).

8. Obama polled strongest among 18-29-year-olds (60 per cent), whilist Romney polled strongest among the over-65s (56 per cent).

9. Fifty six per cent of self-described "moderates" voted for Obama along with 86 per cent of liberals. Eighty two per cent of conservatives voted for Romney.

10. Obama's victory tweet - "Four more years" - has had 563,281 retweets and 189,641 favourites, making it the most popular tweet ever.

Barack Obama and family arrive on stage in Chicago, Illinois. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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I was wrong about Help to Buy - but I'm still glad it's gone

As a mortgage journalist in 2013, I was deeply sceptical of the guarantee scheme. 

If you just read the headlines about Help to Buy, you could be under the impression that Theresa May has just axed an important scheme for first-time buyers. If you're on the left, you might conclude that she is on a mission to make life worse for ordinary working people. If you just enjoy blue-on-blue action, it's a swipe at the Chancellor she sacked, George Osborne.

Except it's none of those things. Help to Buy mortgage guarantee scheme is a policy that actually worked pretty well - despite the concerns of financial journalists including me - and has served its purpose.

When Osborne first announced Help to Buy in 2013, it was controversial. Mortgage journalists, such as I was at the time, were still mopping up news from the financial crisis. We were still writing up reports about the toxic loan books that had brought the banks crashing down. The idea of the Government promising to bail out mortgage borrowers seemed the height of recklessness.

But the Government always intended Help to Buy mortgage guarantee to act as a stimulus, not a long-term solution. From the beginning, it had an end date - 31 December 2016. The idea was to encourage big banks to start lending again.

So far, the record of Help to Buy has been pretty good. A first-time buyer in 2013 with a 5 per cent deposit had 56 mortgage products to choose from - not much when you consider some of those products would have been ridiculously expensive or would come with many strings attached. By 2016, according to Moneyfacts, first-time buyers had 271 products to choose from, nearly a five-fold increase

Over the same period, financial regulators have introduced much tougher mortgage affordability rules. First-time buyers can be expected to be interrogated about their income, their little luxuries and how they would cope if interest rates rose (contrary to our expectations in 2013, the Bank of England base rate has actually fallen). 

A criticism that still rings true, however, is that the mortgage guarantee scheme only helps boost demand for properties, while doing nothing about the lack of housing supply. Unlike its sister scheme, the Help to Buy equity loan scheme, there is no incentive for property companies to build more homes. According to FullFact, there were just 112,000 homes being built in England and Wales in 2010. By 2015, that had increased, but only to a mere 149,000.

This lack of supply helps to prop up house prices - one of the factors making it so difficult to get on the housing ladder in the first place. In July, the average house price in England was £233,000. This means a first-time buyer with a 5 per cent deposit of £11,650 would still need to be earning nearly £50,000 to meet most mortgage affordability criteria. In other words, the Help to Buy mortgage guarantee is targeted squarely at the middle class.

The Government plans to maintain the Help to Buy equity loan scheme, which is restricted to new builds, and the Help to Buy ISA, which rewards savers at a time of low interest rates. As for Help to Buy mortgage guarantee, the scheme may be dead, but so long as high street banks are offering 95 per cent mortgages, its effects are still with us.