WEBVTT - Ed Rendell: Time For Trump To Show Some Specific Plans (Audio) 0:00:01.560 --> 0:00:05.000 You're listening to Taking Stock with Pim Box and Kathleen 0:00:05.080 --> 0:00:10.560 Hayes on Bloomberg Radio. The United Kingdom has voted to 0:00:10.920 --> 0:00:15.320 leave the European Union, but the president, President Obama says 0:00:15.400 --> 0:00:18.400 that the United States and the UK have an enduring 0:00:18.720 --> 0:00:23.160 special relationship even after Brexit. Here to help us understand 0:00:23.200 --> 0:00:25.680 more about the relationship between the United Kingdom and the 0:00:25.760 --> 0:00:29.400 United States politically is Ed Rendell. He is a former 0:00:29.440 --> 0:00:33.800 Pennsylvania governor and Democratic National Committee chairman. He joins us 0:00:33.880 --> 0:00:38.440 from Washington, d C. Home to Bloomberg. Governor Rendell, thank 0:00:38.479 --> 0:00:42.879 you very much for being with us UH today. President 0:00:43.320 --> 0:00:48.159 Barack Obama spoke about the vote for Brexit, and he 0:00:48.240 --> 0:00:51.279 said that it speaks to the ongoing changes and challenges 0:00:51.320 --> 0:00:55.520 that are raised by globalization. Do you think that that 0:00:55.640 --> 0:00:59.680 is what this vote was about. I mean, you know, 0:00:59.720 --> 0:01:01.520 when you get a vote on a referendum, just like 0:01:01.560 --> 0:01:05.840 a vote in the presidential election, they are usually complex 0:01:06.680 --> 0:01:09.759 number of things that motivate voters. I think that's part 0:01:09.760 --> 0:01:14.640 of it. Globalization, trade, immigration certainly played a role in 0:01:15.600 --> 0:01:20.280 the Brexit vote, so did just general frustration about the 0:01:20.920 --> 0:01:24.600 overall pace of the world's economy. Even though Ironically, that's 0:01:24.720 --> 0:01:28.039 manifested itself at the polls in the US and and 0:01:28.200 --> 0:01:31.679 the UK, and they're probably the two healthiest economies in 0:01:31.720 --> 0:01:34.640 the in the world today. But still that frustration is 0:01:34.680 --> 0:01:38.840 there there among ordinary people and and I think they 0:01:39.040 --> 0:01:43.000 that was one of the motivating factors that caused the vote. Well, 0:01:43.000 --> 0:01:45.640 so do you ever get the sense that that's motivating 0:01:45.680 --> 0:01:49.000 the people who were in the vote to exit are 0:01:49.080 --> 0:01:53.280 similar votes like this is they feel like someone can say, oh, 0:01:53.280 --> 0:01:56.480 it's frustration about globalization. These people are just frustrated. They 0:01:56.480 --> 0:01:58.720 don't really know that globalization is good for them. And 0:01:58.720 --> 0:02:00.440 I'm not picking on the president because lot of people 0:02:00.480 --> 0:02:03.800 say this and they feel like, no, it's not. Globalization 0:02:03.840 --> 0:02:05.559 hasn't helped me. You don't know what you're talking about. 0:02:05.600 --> 0:02:07.120 And that's why I'm going to vote to leave. That's 0:02:07.120 --> 0:02:09.800 Why'm gonna vote for Donald Trump or Bernie Sanders. Yeah, 0:02:09.840 --> 0:02:11.960 I think there's something to do that. I mean, there's 0:02:12.480 --> 0:02:15.519 a little bit of isolation as tends to the frustration 0:02:15.600 --> 0:02:18.680 and the anger. And why should we trade with countries 0:02:18.720 --> 0:02:22.120 that pay their workers far less than we do. Why 0:02:22.160 --> 0:02:25.760 don't we just you know, not have trade and keep 0:02:25.800 --> 0:02:30.000 everything in the United states, Why don't we outsourced, steal, etcetera, etcetera, 0:02:30.080 --> 0:02:35.600 all those things, Governor Rendell. According to the Polls sixties, 0:02:35.680 --> 0:02:38.639 this is the UK polls for the Brexit votes. Of 0:02:38.680 --> 0:02:42.680 people who left school at age sixteen voted to leave. 0:02:44.680 --> 0:02:50.000 Cent of those with university degrees voted to remain. Can 0:02:50.040 --> 0:02:54.919 we draw any similarities between that vote and what might 0:02:55.000 --> 0:02:59.000 happen in November? Sure? I mean Donald Trump's even throughout 0:02:59.000 --> 0:03:04.720 the Republican primary, Donald Trump's best demographic was people with 0:03:06.240 --> 0:03:09.480 less than high school diploma. That he did by far 0:03:09.560 --> 0:03:14.320 the best. He dominated that demographic. So what's the implication 0:03:14.360 --> 0:03:16.920 of that? Is that those people are the most frustrated, 0:03:16.960 --> 0:03:19.080 There's no question about it. And are but again, our 0:03:19.120 --> 0:03:23.120 elected officials in many countries not paying enough attention to 0:03:23.160 --> 0:03:25.760 their frustration. Are they not really getting it? I think 0:03:25.800 --> 0:03:27.720 that's what this seems to me, that that's what a 0:03:27.760 --> 0:03:31.560 lot of these people are saying with their votes. Well, 0:03:31.600 --> 0:03:34.480 I think that's right. I think that's right. Although you 0:03:34.520 --> 0:03:40.280 can say that the people tend when they get frustrated, 0:03:40.320 --> 0:03:43.720 that did not listen very much. So I would say 0:03:43.760 --> 0:03:47.560 that's an unemployed let's just say an unemployed factory worker. 0:03:48.040 --> 0:03:51.080 If if I was talking to him in America, I'd say, look, 0:03:51.480 --> 0:03:54.000 it was the Democrats that wanted to keep extending your 0:03:54.040 --> 0:03:57.440 unemployment cop. We wanted to keep extending and because of 0:03:58.120 --> 0:04:01.000 the slow recovery, we wanted to cover you way past 0:04:01.040 --> 0:04:04.400 the normal amount of weeks. But the Republicans voted no, 0:04:05.160 --> 0:04:07.880 they don't get it. We did get it. We're the 0:04:07.880 --> 0:04:10.360 ones who want to raise the minimum wage. They don't 0:04:10.360 --> 0:04:13.560 get it. We do get it, all right. So if 0:04:13.600 --> 0:04:18.880 they get it, then will the Democrats in the November election, 0:04:19.560 --> 0:04:23.920 will they position themselves to support what some are calling 0:04:24.120 --> 0:04:28.159 increased desire for independence and sovereignty or will it be 0:04:28.240 --> 0:04:32.279 more of an economic argument. I think in this country 0:04:32.279 --> 0:04:34.880 it's more of an economic argument. I don't think we've 0:04:34.880 --> 0:04:38.839 got this the same independence a sovereignty. Although one of 0:04:38.880 --> 0:04:45.000 the curious things about the UK election the referendum was 0:04:45.120 --> 0:04:50.520 Scotland and Northern Ireland, where there's a great uh emotion 0:04:50.680 --> 0:04:54.640 behind independence, they voted to remain, and they voted fairly 0:04:54.680 --> 0:05:00.920 significantly to remain. So stepping onto the presidential race a 0:05:00.960 --> 0:05:06.120 little more specifically, what to you are the biggest issues 0:05:06.400 --> 0:05:13.240 right now? You recently, in fact, just yesterday, you we're 0:05:13.279 --> 0:05:17.599 throwing cold water on Donald Trump's speech where he attacked 0:05:17.800 --> 0:05:22.039 Hillary Clinton, saying she was a world class liar, etcetera. 0:05:22.320 --> 0:05:25.120 You say voters aren't are unlikely to be swayed. Is 0:05:25.120 --> 0:05:28.279 that just voters who are for Hillary will it? Will 0:05:28.320 --> 0:05:31.279 it as opposed to that, you know, the ones that 0:05:31.279 --> 0:05:35.240 are for Donald Trump, and they'll go along with it. Absolutely. 0:05:35.279 --> 0:05:37.840 The only voters that that type of rhetoric appeals to 0:05:37.960 --> 0:05:39.520 are the ones that Donald Trump is going to get 0:05:39.880 --> 0:05:42.920 the program and supposed no matter what. So I'm not 0:05:42.960 --> 0:05:45.520 sure it's a wise line of attack. Why do you 0:05:45.520 --> 0:05:47.320 say that's the only person that appeals to, the only 0:05:47.360 --> 0:05:51.520 kind of person appeals to. Of course, there's charges that 0:05:51.600 --> 0:05:54.960 he's leveled against Hillary Clinton have basically been levels for 0:05:55.000 --> 0:05:57.559 the past two years, the past six years, the best 0:05:57.560 --> 0:06:01.440 ten years, the past twenty years. I mean, at this point, 0:06:01.839 --> 0:06:05.799 what people are looking for two things. And in presidential 0:06:05.880 --> 0:06:09.040 elections and in governor's elections and in mayor's elections, when 0:06:09.080 --> 0:06:12.800 we're electing an executive as opposed to a senator or 0:06:12.800 --> 0:06:16.280 a congressman or a councilman. When we're voting for an executive, 0:06:16.680 --> 0:06:20.760 people looking for leadership qualities. Is the person strong. Does 0:06:20.800 --> 0:06:23.000 the person know the subject matter that he or she 0:06:23.080 --> 0:06:25.599 has to deal with, do they have good ideas that 0:06:25.640 --> 0:06:30.960 they articulated well, etcetera, etcetera, etcetera. So their personal characteristics. 0:06:31.440 --> 0:06:34.919 And I think when you look at those things and 0:06:34.960 --> 0:06:37.640 look at what's happened in the last month, Hillary Clinton 0:06:37.720 --> 0:06:40.760 score is much more highly than Donald Trump. That's number one, 0:06:41.480 --> 0:06:45.200 and then number two. They look at what plans they have. 0:06:45.360 --> 0:06:50.200 So I'm a let's say I'm a sheet metal worker 0:06:50.680 --> 0:06:53.560 and I have been out of work fifty of the 0:06:53.600 --> 0:06:56.320 time for the last four years. So I'm looking for 0:06:56.360 --> 0:06:59.440 someone who has plans to bring back American manufacturing and 0:06:59.520 --> 0:07:04.880 American infrastructure. And I'm listening carefully to what they say. 0:07:05.040 --> 0:07:07.880 And Donald Trump got away with during the primary to 0:07:07.920 --> 0:07:11.120 say I've got a plan, I'll make good deals, etcetera, 0:07:11.240 --> 0:07:13.920 I know how to deal with the Chinese, etcetera. Now 0:07:13.920 --> 0:07:16.680 it's time for him to show some specifics to put 0:07:16.720 --> 0:07:19.160 meat on the bones. That are only two candidates, so 0:07:19.240 --> 0:07:22.200 people can focus on what they say and what their 0:07:22.200 --> 0:07:24.720 plans are. And I think if Donald Trump is going 0:07:24.800 --> 0:07:27.800 to be competitive, he's got to say more than I 0:07:27.840 --> 0:07:30.720 can make good deals on that and negotiate i'd had 0:07:30.720 --> 0:07:35.200 a great jobs Okay, tell us how in fairness, Hillary Clinton, 0:07:35.280 --> 0:07:39.080 she's rolled out very specific people would say almost two 0:07:39.080 --> 0:07:44.520 wonky plans for the rebuilding the American infrastructure, for revitalizing 0:07:44.520 --> 0:07:48.160 the American manufacturing, for things like that. So I think 0:07:48.200 --> 0:07:50.960 those are the two basic areas that are going to 0:07:51.000 --> 0:07:55.880 decide the election, Governor Rendell. Just to continue on the theme, 0:07:55.920 --> 0:07:59.520 I know that Donald Trump was visiting a golf course 0:07:59.560 --> 0:08:03.320 in scott Outland, and he came out with a response 0:08:03.360 --> 0:08:05.080 to the Brexit vote. He said, I think it's a 0:08:05.120 --> 0:08:08.200 great thing. I think it's a fantastic thing. And he 0:08:08.280 --> 0:08:10.840 also talked about the breakup of the European Union looking 0:08:10.880 --> 0:08:14.880 like it's on its way. Do you believe that there 0:08:15.040 --> 0:08:18.280 is an anti immigration, a wave of populism that can 0:08:18.360 --> 0:08:21.880 sweep from Britain out of Europe to the United States 0:08:21.960 --> 0:08:25.800 that would influence our presidential election. Well, remember there's a 0:08:25.920 --> 0:08:29.680 huge difference in the geographics of the UK and the US. 0:08:30.280 --> 0:08:34.320 In the UK, people are pretty much home genius. That's 0:08:34.320 --> 0:08:36.880 not so in the United States, where minorities make up 0:08:38.200 --> 0:08:42.760 of our population. Uh So right away, that that's that's 0:08:42.559 --> 0:08:47.520 that's a significant difference. Uh And again Interestingly, the people 0:08:47.520 --> 0:08:51.400 who are on the fringes in Scotland and Northern Ireland 0:08:51.600 --> 0:08:56.920 voted germane. It's really tough to beg to vote on 0:08:56.920 --> 0:09:01.880 one specific thing other than overall frustration, and frustration has 0:09:01.920 --> 0:09:07.400 manifested itself in the American election on the Democratic side 0:09:07.520 --> 0:09:11.200 for the Bernie Sanders vote on the Republican side with 0:09:11.280 --> 0:09:15.199 the Donald Trump. Well, Governor Rendell, thank you so much 0:09:15.240 --> 0:09:16.880 for joining us. I hope you will return to the 0:09:16.920 --> 0:09:18.959 show soon. These issues are so important and you are 0:09:19.000 --> 0:09:21.040 so well placed to discuss them with us. Will you 0:09:21.120 --> 0:09:26.959 come back. It is complex and it's almost always impossible 0:09:27.000 --> 0:09:31.080 to poll a referendum. Those are much more accurate on 0:09:31.760 --> 0:09:35.920 contest than they are referendums. Edmundell Forward, Pennsylvania Governor and 0:09:36.080 --> 0:09:40.240 Democratic National Committee Chairman, joining us from Washington, d C. 0:09:40.480 --> 0:09:43.480 We thank you for joining us on our extended coverage 0:09:43.600 --> 0:09:47.360 of the bregsit vote. Special edition of Surveillance tomorrow morning 0:09:47.440 --> 0:09:51.240 from seven am to ten am with Michael McKee and 0:09:51.240 --> 0:09:54.280 Tom Keane. I'm Kathleen Haeselam with pin Fox. This is 0:09:54.320 --> 0:09:55.839 taking Stock on Bloomberg Radio.