You're listening to Taking Stock with Pim Box and Kathleen Hayes on Bloomberg Radio. The United Kingdom has voted to leave the European Union, but the president, President Obama says that the United States and the UK have an enduring special relationship even after Brexit. Here to help us understand more about the relationship between the United Kingdom and the United States politically is Ed Rendell. He is a former Pennsylvania governor and Democratic National Committee chairman. He joins us
from Washington, d C. Home to Bloomberg. Governor Rendell, thank you very much for being with us UH today. President Barack Obama spoke about the vote for Brexit, and he said that it speaks to the ongoing changes and challenges that are raised by globalization. Do you think that that is what this vote was about. I mean, you know, when you get a vote on a referendum, just like a vote in the presidential election, they are usually complex number of things that motivate voters. I think that's part
of it. Globalization, trade, immigration certainly played a role in the Brexit vote, so did just general frustration about the overall pace of the world's economy. Even though Ironically, that's manifested itself at the polls in the US and and the UK, and they're probably the two healthiest economies in the in the world today. But still that frustration is there there among ordinary people and and I think they
that was one of the motivating factors that caused the vote. Well, so do you ever get the sense that that's motivating the people who were in the vote to exit are similar votes like this is they feel like someone can say, oh, it's frustration about globalization. These people are just frustrated. They don't really know that globalization is good for them. And I'm not picking on the president because lot of people say this and they feel like, no, it's not. Globalization
hasn't helped me. You don't know what you're talking about. And that's why I'm going to vote to leave. That's Why'm gonna vote for Donald Trump or Bernie Sanders. Yeah, I think there's something to do that. I mean, there's a little bit of isolation as tends to the frustration and the anger. And why should we trade with countries
that pay their workers far less than we do. Why don't we just you know, not have trade and keep everything in the United states, Why don't we outsourced, steal, etcetera, etcetera, all those things, Governor Rendell. According to the Polls sixties, this is the UK polls for the Brexit votes. Of people who left school at age sixteen voted to leave. Cent of those with university degrees voted to remain. Can we draw any similarities between that vote and what might
happen in November? Sure? I mean Donald Trump's even throughout the Republican primary, Donald Trump's best demographic was people with less than high school diploma. That he did by far the best. He dominated that demographic. So what's the implication of that? Is that those people are the most frustrated, There's no question about it. And are but again, our elected officials in many countries not paying enough attention to
their frustration. Are they not really getting it? I think that's what this seems to me, that that's what a lot of these people are saying with their votes. Well, I think that's right. I think that's right. Although you can say that the people tend when they get frustrated, that did not listen very much. So I would say that's an unemployed let's just say an unemployed factory worker. If if I was talking to him in America, I'd say, look, it was the Democrats that wanted to keep extending your
unemployment cop. We wanted to keep extending and because of the slow recovery, we wanted to cover you way past the normal amount of weeks. But the Republicans voted no, they don't get it. We did get it. We're the ones who want to raise the minimum wage. They don't get it. We do get it, all right. So if they get it, then will the Democrats in the November election, will they position themselves to support what some are calling increased desire for independence and sovereignty or will it be
more of an economic argument. I think in this country it's more of an economic argument. I don't think we've got this the same independence a sovereignty. Although one of the curious things about the UK election the referendum was Scotland and Northern Ireland, where there's a great uh emotion behind independence, they voted to remain, and they voted fairly significantly to remain. So stepping onto the presidential race a little more specifically, what to you are the biggest issues
right now? You recently, in fact, just yesterday, you we're throwing cold water on Donald Trump's speech where he attacked Hillary Clinton, saying she was a world class liar, etcetera. You say voters aren't are unlikely to be swayed. Is that just voters who are for Hillary will it? Will it as opposed to that, you know, the ones that are for Donald Trump, and they'll go along with it. Absolutely. The only voters that that type of rhetoric appeals to are the ones that Donald Trump is going to get
the program and supposed no matter what. So I'm not sure it's a wise line of attack. Why do you say that's the only person that appeals to, the only kind of person appeals to. Of course, there's charges that he's leveled against Hillary Clinton have basically been levels for the past two years, the past six years, the best ten years, the past twenty years. I mean, at this point,
what people are looking for two things. And in presidential elections and in governor's elections and in mayor's elections, when we're electing an executive as opposed to a senator or a congressman or a councilman. When we're voting for an executive, people looking for leadership qualities. Is the person strong. Does the person know the subject matter that he or she has to deal with, do they have good ideas that
they articulated well, etcetera, etcetera, etcetera. So their personal characteristics. And I think when you look at those things and look at what's happened in the last month, Hillary Clinton score is much more highly than Donald Trump. That's number one, and then number two. They look at what plans they have. So I'm a let's say I'm a sheet metal worker and I have been out of work fifty of the
time for the last four years. So I'm looking for someone who has plans to bring back American manufacturing and American infrastructure. And I'm listening carefully to what they say. And Donald Trump got away with during the primary to say I've got a plan, I'll make good deals, etcetera, I know how to deal with the Chinese, etcetera. Now it's time for him to show some specifics to put meat on the bones. That are only two candidates, so people can focus on what they say and what their
plans are. And I think if Donald Trump is going to be competitive, he's got to say more than I can make good deals on that and negotiate i'd had a great jobs Okay, tell us how in fairness, Hillary Clinton, she's rolled out very specific people would say almost two wonky plans for the rebuilding the American infrastructure, for revitalizing the American manufacturing, for things like that. So I think those are the two basic areas that are going to
decide the election, Governor Rendell. Just to continue on the theme, I know that Donald Trump was visiting a golf course in scott Outland, and he came out with a response to the Brexit vote. He said, I think it's a great thing. I think it's a fantastic thing. And he also talked about the breakup of the European Union looking like it's on its way. Do you believe that there is an anti immigration, a wave of populism that can sweep from Britain out of Europe to the United States
that would influence our presidential election. Well, remember there's a huge difference in the geographics of the UK and the US. In the UK, people are pretty much home genius. That's not so in the United States, where minorities make up of our population. Uh So right away, that that's that's that's a significant difference. Uh And again Interestingly, the people who are on the fringes in Scotland and Northern Ireland
voted germane. It's really tough to beg to vote on one specific thing other than overall frustration, and frustration has manifested itself in the American election on the Democratic side for the Bernie Sanders vote on the Republican side with the Donald Trump. Well, Governor Rendell, thank you so much for joining us. I hope you will return to the show soon. These issues are so important and you are so well placed to discuss them with us. Will you
come back. It is complex and it's almost always impossible to poll a referendum. Those are much more accurate on contest than they are referendums. Edmundell Forward, Pennsylvania Governor and Democratic National Committee Chairman, joining us from Washington, d C. We thank you for joining us on our extended coverage of the bregsit vote. Special edition of Surveillance tomorrow morning from seven am to ten am with Michael McKee and
Tom Keane. I'm Kathleen Haeselam with pin Fox. This is taking Stock on Bloomberg Radio.