THIS IS A RUSH TRANSCRIPT FOR 'THIS WEEK' on November 20, 2016 and it will be updated.
MARTHA RADDATZ: I asked newly elected Senate Minority Leader Chuck Schumer what he was thinking as he watched election night unfold.
CHUCK SCHUMER: Once you lose an election like that, you look it straight in the eye. You don't flinch. You don't blink and you try to examine what you did wrong. We did not have a strong, bold economic message. We sort of nibbled around the edges and not just a message but a platform. That's what we need and that's what I aim to do as leader. We're going to have a very, very strong and bold economic platform and message.
RADDATZ: What's the message?
SCHUMER: We shouldn't just do a little thing about college, we should make college affordable for everybody and make sure that everyone gets out of college debt free. We need dramatic change in the trade laws. We should close all of these loopholes, carried interest and other things. Now many of these issues actually Donald Trump supported in the campaign. We're going to challenge him to work with us on those issues and not work, go against them and break his promise to the blue collar worker because the republican leadership or republican establishment doesn't like them.
RADDATZ: Republicans now have both chambers of congress, the presidency the majority of state houses and the majority of government.
SCHUMER: Yeah I don't--
RADDATZ: Isn't that a mandate?
SCHUMER: No. Look. As you know democrats got a majority of the popular vote, Hillary did. So it's not a mandate and when he's opposed to our values, we're going to after him tooth and nail. For instance we're not going to let him repeal Dodd Frank or the rules we've put in place to limit Wall Street. They’re going to regret the day they try to repeal the ACA. So when we oppose Trump on values or this presidency takes a dark divisive turn, we're going to do it tooth and nail.
RADDATZ: Trump rode this populist wave, with anger against elites and big banks, and I know you take pride in your middle class neighborhood, but some look at you as representing Wall Street, you've raised a lot of money from Wall Street over the years, are you really the right leader at this time?
SCHUMER: I believe I am, and the day after Harry Reid said he wasn't running, Elizabeth Warren and Bernie Sanders supported me, so did the more conservative members of our caucus and I think they believe that I am going to focus like a laser on the middle class and those trying to get there
RADDATZ: And is there anyone on Trump's list of potential supreme court nominees who trouble you?
SCHUMER: For the supreme court you need a mainstream nominee. Somebody who will enforce the law not make new law. And you know what's interesting the last 4 nominees, two nominated by a democratic president, two nominated by a republican president, got bipartisan support. I hope that President Trump when he becomes president will nominate someone who might garner bipartisan support, who might be in that mainstream. If the opponent's way out of the mainstream, I think we'll oppose that person tooth and nail.
RADDATZ: I want to know what your relationship is with Mr. Trump. I'm sure you know him,
SCHUMER: I do.
RADDATZ: You're both New Yorkers, he gave more than $8000 to your campaign.
SCHUMER: Look I know him. We were at meetings together. But I don't know him very well. I know more about him from his presidential campaign which I found disappointing in a whole lot of ways. My hope is with Donald Trump is what President Obama said, that the presidency is a sobering, I think those were president Obama's words, experience. And he will rise to the occasion. But if he doesn't, he's going to find the democrats holding his feet to the fire.
from ABC News: Politics http://ift.tt/2fgJQRF
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