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The winners and losers of the US election

From Elizabeth Warren and memes, to glum Fox News pundits and Paul Ryan's biceps.

Winner: Elizabeth Warren

The bankruptcy law expert, consumer rights advocate, Harvard Law School professor and grandmother defeated incumbent Scott Brown to become the first woman to represent Massachusetts in the Senate. A win for everyone who believes that someone with a huge depth of knowledge and experience should be involved in making laws.

Loser: Todd Akin

Beaten in the Missouri Senate race by incumbent Claire McAskill. Akin was abandoned by his party after he said in August that "if it’s a legitimate rape, the female body has ways to try to shut that whole thing down." Actually:

Winner: Tammy Baldwin

Narrowly defeated Republican Tommy Thompson in Wisconsin to become the US's first openly gay senator. After her victory, she said:

I am well aware that I will have the honour to be Wisconsin's first woman US senator... And I am well aware that I will be the first openly gay member of the United States Senate, but I didn't run to make history. I ran to make a difference.

Winner: Colorado and Washington (and, arguably, Mexico)

The two states voted to legalise marijuana - in Colorado it will be available to anyone over the age of 21 and regulated in a similar way to alcohol and tobacco. As the Economist reports, studies show that "Mexico’s traffickers would lose about $1.4 billion of their $2 billion revenues from marijuana" as a result of the legalisation.

Winner: Dan Hodges

The Telegraph and New Statesman pundit Dan Hodges correctly called the election for Obama before anyone else in the British press dared to (at about 2am) thus exorcising the memory of his "David Miliband has won the Labour leadership contest" call in 2010.

The following Twitter exchange sums it up pretty well:

Winner: Nate Silver

The New York Times's resident number-cruncher called every single state correctly. Via @cosentino on Twitter, here's how the actual result and Silver's predictions side by side:

His predictions might be uncanny, but that's because Silver's a probably a witch. (Although we are intrigued to know what happens to him now - does the NYT power him down and put him in a display case in the lobby until the midterms?)

Winner: Mother Jones and Buzzfeed

The magazine Mother Jones and the website Buzzfeed, in their different ways, completely rewrote the book on how to cover an election. Mother Jones's mega-scoop of the 47 per cent video, for instance, or Buzzfeed's article "Donald Trump's Kids Love Killing Animals", just for starters. As Helen wrote in the magazine a few weeks ago:

You may not have heard of Mother Jones, but if you follow American politics, then you’ll have seen the fallout from its scoop. Addressing supporters, the presidential hopeful Mitt Romney said: “There are 47 per cent who are with [Obama], who are dependent on government, who believe they are victims” and who would “vote for him no matter what”. Mother Jones’s Washington bureau chief, David Corn, found the video online and beat the Huffington Post’s Ryan Grim to track down its owner and verify its contents.

It brought more than two million visitors to the magazine’s website in the first 12 hours of the story – double the number it would normally get in a month. Not bad for a tiny, independent magazine that has been declared dead several times – particularly when it was up against the HuffPo, which has the full corporate financial power of AOL behind it.

Loser: Donald Trump

Because he does things like this, and this, and this, and this. We could go on.

Loser: Karl Rove

Got in a fight with Fox News last night after they called Ohio for Obama, calling it "premature". You can understand why he was so upset - he did pour a vast amount of money and effort into supporting Romney...

Loser: Paul Ryan

Not only did Paul Ryan not become vice-president last night, he also now has to live with the fact that this is all he will ever be remembered for (those guns should be illegal!)

Well, that, and not being any good at economics.

Loser: Fox News

Look at the quiet despair on their faces as it became clear that Obama had won:

Loser: Benjamin Netanyahu

Benjamin Netanyahu, who despite putting a brave face on it and congratulating Obama, will surely be annoyed.

Winner: Gay marriage

Maine and Maryland became the first states to approve equal marriage legislation by popular vote. This makes the east coast states the seventh and eighth states to allow same-sex couples to marry, while campaigners are hailing the vote as a turning point in attitudes towards gay people.

Loser: Climate Change

Although it got a reference in Obama's acceptance speech, until Michael Bloomberg's intervention after Hurricane Sandy, the phrase had barely passed the candidates' lips during the campaign.

Loser: The Tea Party

Democrat victories, especially in Senate races (see Elizabeth Warren and Tammy Baldwin, above) have hopefully put the final nail in the coffin of the idea that the GOP needs the Tea Party in order to be electorally successful. Fingers crossed that, after a period of soul-searching, moderate Republicans are able to reassert themselves over candidate selection processes. Although that might be a bit hopeful - the 2010 midterms didn't deliver the Tea Party landslide it was supposed to either, and it didn't seem to dent their confidence one bit...

Winner: Chris Christie

Chris Christie, the governor of New Jersey. His non-partisan and statesman-like handling of the Superstorm Sandy aftermath won him many plaudits, although his praise for Barack Obama endeared him a bit less to his own party - some outlets even went as far as to say Christie had "endorsed" the Democrat candidate. As the GOP licks its wounds, expect much speculation about whether Christie might run his own race in 2016. Especially, as Ezra Klein argues, he's definitely not too fat to be president.

Loser: Janet Daley

Telegraph columnist and blogger Janet Daley, who just at the moment when the world was coming round to the fact that Obama had pretty much got it in the bag, "got off the fence" and called it for Romney:

With hindsight, the fence might have been a safer bet, Janet.

Loser: Tom Calvocoressi

New Statesman Deputy Chief Sub-Editor Tom Calvocoressi. A tiny tiny part of him was hoping Romney might just squeak it, so he could deploy his brilliant pun-headline: "The Mormon Conquest".

Loser: Big Money

In the wake of the Citizens United ruling at the Supreme Court (remember “corporations are people”?), many liberals worried that the election would be “bought” by billionaire donors. But the savvy micro-targeting (and sheer gusto) of Obama’s money-raising machine proved them wrong.

Winner: Stephen Colbert

This isn’t the last we’ll hear about Super PACs – the “political action committees” set up to fund candidates “independently” of them – so it’s a good time to learn what they are. Comedy Central’s Stephen Colbert has been trying to edutain people about them all election, setting up his own. Its slogan is Making A Better Tomorrow, Tomorrow.

Here's a video explaining them:

And here's a picture of him in a fetching jumpsuit:

Loser: Meatloaf

There wasn't a dry eye in the house when Meatloaf joined Mitt Romney on stage. Nor an unclenched buttock:

THE END.

Caroline Crampton is assistant editor of the New Statesman. She writes a weekly podcast column.

Helen Lewis is deputy editor of the New Statesman. She has presented BBC Radio 4’s Week in Westminster and is a regular panellist on BBC1’s Sunday Politics.

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The Tories have missed a chance to show that they care about student debt

After condemning Jeremy Corbyn for his "betrayal", the government has still raised the top student interest rate to 6.1 per cent. 

For weeks, the Conservatives have assailed Jeremy Corbyn for his alleged betrayal over student debt. The Labour leader told NME during the campaign that he would "deal with" the issue. But he later clarified that this did not amount to a "commitment" to wipe out student debt (which would cost around £100bn) and that he had been "unaware of the size of it at the time". For this, the Tories have accused him of Clegg-style hypocrisy. 

There is little sign, however, that the attack has proved effective. Labour’s manifesto said nothing on the subject of student debt and Corbyn's language in the NME interview was ambiguous. "I’m looking at ways that we could reduce that [student debt], ameliorate that, lengthen the period of paying it off," he said. There is no comparison with the Liberal Democrats, who explicitly vowed not to raise tuition fees before trebling them to £9,000 as part of the coalition. Young voters still credit Corbyn for his vow to abolish tuition fees (were he to break this promise in power, it would be a different matter). 

A further problem for the Tories is that they have spotlighted a problem - student debt - without offering any solution. At present, graduates pay a marginal tax rate of 41 per cent on earnings over £21,000 (20 per cent income tax, 12 per cent national insurance and 9 per cent student loan repayment). This, combined with the average debt (£50,800), leaves them struggling to save for a home deposit, or even to pay the rent. The Conservatives, unsurprisingly, are unable to sell capitalism to voters with no capital. 

Yet rather than remedying this problem, the government has compounded it. The Department of Education has ruled out reducing the top interest rate on student loans from 6.1 per cent, meaning the average student will accrue £5,800 in interest charges even before they graduate.

By maintaining the status quo, the Tories have missed a chance to demonstrate that they have learned from their electoral humbling. Had they reduced student debt, or cut tuition fees, they could have declared that while Corbyn talks, they act. Instead, they have merely confirmed that for graduates who want change, Corbyn remains their best hope. 

George Eaton is political editor of the New Statesman.