Barack Obama: “This is the final verdict on an economic philosophy that has completely failed.”

A drift towards extremism was "not inevitable

People need to “rediscover what’s the story we tell about how we’re going to live together, and see each other, and recognise each other, and disagree, and yet, still care for each other”.

And I will fight for that, even if I don’t always think it’s going to win.

It is a basic principle of American democracy that the government can’t selectively target individuals simply because of their political beliefs or what they say.