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CNBC TRANSCRIPT: CNBC'S "SQUAWK BOX" INTERVIEWS GOVERNOR JON CORZINE AND GOVERNOR ED RENDELL TODAY

Gov. Edward Rendell
AP
Gov. Edward Rendell
Gov. Jon Corzine of New Jersey
AP
Gov. Jon Corzine of New Jersey

WHEN: Today, November 5th at 8AM ET

WHERE: CNBC's "Squawk Box"

Following is the unofficial transcript of a CNBC interview with Governor Jon Corzine and Governor Ed Rendell today on CNBC's "Squawk Box."

All references must be sourced to CNBC.

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KERNEN: OUR NEXT GUESTS ARE DOING A VICTORY LAP THIS MORNING. PROBABLY AN UNDERSTATEMENT, JON CORZINE AND FROM THE KEY BATTLEGROUND STATE OF PENNSYLVANIA, GOVERNOR ED RENDELL. I'M GOING TO START WITH GOVERNOR CORZINE. BUT GOVERNOR RENDELL, YOU SAY IT'S IN PLAY ENOUGH TIMES AND YOU END UP WITH A BIG WIN IT LOOKS LIKE. I KNOW THAT WASN'T YOUR STRATEGY, BUT --

CORZINE: JOE, LET ME PILE IN HERE AND THANK THE GREAT GOVERNOR FOR AN OUTSTANDING VICTORY IN PENNSYLVANIA. REALLY, REALLY MADE A DIFFERENCE FOR THE COUNTRY. ED DESERVES A LOT OF CREDIT FOR THE ORGANIZING AND HARD WORK THAT MADE THAT POSSIBLE IT.

QUINTANILLA: IT WAS NOT A SURE THING, WAS IT, GOVERNOR?

RENDELL: NO, I WAS GENUINELY APPREHENSIVE. PEOPLE WILL SAY I WAS JUST TRYING TO SCARE PEOPLE. I WAS GENUINELY APPREHENSIVE. I THINK JON WILL AGREE, WHERE RETAIL CAMPAIGNING GENERALLY PAYS OFF, AND GOVERNOR PALIN AND SENATOR McCAIN SPENT SO MUCH TIME IN PENNSYLVANIA IN THE LAST SIX WEEKS, I WAS THINKING ABOUT CHARGING THEM STATE INCOME TAX, BUT IT OBVIOUSLY DIDN'T PAY OFF. I THINK IT PROBABLY WAS TOO LATE. I THINK THE DIE WAS CAST AND JON WAS A VERY IMPORTANT ADVOCATE FOR US, BUT I THINK THE DIE WAS CAST IN THE TWO OR THREE WEEKS AFTER THE FINANCIAL MELTDOWN WHEN BARACK OBAMA PERFORMED SO, I THOUGHT SO WELL,SO CALM, SO STEADY, SO DIRECT WITH WHAT HIS PLANS WERE AND JOHN McCAIN WAS ALL OVER THE LOT FROM THE FUNDAMENTALS OF THE ECONOMY ARE STRONG TO SUSPENDING HIS CAMPAIGN, WHICH HE DIDN'T AND NOT DEBATING, IN WHICH HE DID. HE LOOKED VERY ERRATIC AND THAT CHANGED EVERYTHING IN PENNSYLVANIA.

QUINTANILLA: WAS THIS HIS WRONG? WAS THAT HIS BAD? OR DO YOU THINK HE WAS POORLY ADVISED, GOVERNOR?

RENDELL: PROBABLY A LITTLE BIT OF BOTH. I THINK JOHN McCAIN IS A GOOD MAN, ALTHOUGH HE RAN A PRETTY DISHONEST CAMPAIGN. BUT I THINK HE'S A GOOD MAN, BUT HE TENDS TO BE SOMEONE WHO SHOOTS FROM THE HEAD, WHEREAS BARACK OBAMA, IF YOU NOTICE, HE DIDN'T MAKE A STATEMENT ON THE CRISIS FOR ABOUT A DAY AND A HALF WHILE HE GATHERED INFORMATION BY CALLING PEOPLE LIKE JON AND PAUL VOELKER AND PRESIDENT CLINTON AND WARREN BUFFETT, I THINK THAT SHOWED THE AMERICAN PEOPLE THE DIFFERENCE IN THE LEADERSHIP STYLE.

KERNEN: ALL RIGHT.

CORZINE: STEADY HAND. STEADY HAND.

KERNEN: WE TRY TO ADVANCE THE STORIES TO GET THE MOST CURRENT INFORMATION. SO THE ELECTION IS ALREADY OVER. THE STORY THIS MORNING WHO IS GETTING VETTED FOR TREASURY SECRETARY? HAVE YOU SEEN THIS STORY THAT YOU'RE CURRENTLY BEING VETTED FOR TREASURY SECRETARY?

CORZINE: I MISSED THAT STORY. HASN'T SHOWN UP ON MY RADAR SCREEN.

KERNEN: AREN'T YOU GOVERNOR OF NEW JERSEY?

CORZINE: I READ A LOT OF THINGS IN NEW JERSEY NEWSPAPERS THAT I WOULDN'T RECOMMEND TO BET YOUR LIFE ON.

KERNEN: DO YOU THINK THAT MAN WOULD MAKE A GOOD TREASURY SECRETARY?

RENDELL: I DO.

CORZINE: I LOVE THE JOB I HAVE. ED KNOWS BEING A GOVERNOR IS ONE OF THE GREAT OPPORTUNITIES TO REALLY MAKE A DIFFERENCE IN PEOPLE'S LIVES. YOU KNOW, YOU'RE WORRIED ABOUT EDUCATION, YOU'RE WORRIED ABOUT THE HEALTH CARE OF YOUR COMMUNITY, YOU'RE WORRIED ABOUT MAKING SURE --

KERNEN: YOU CAN SAVE THE WORLD. YOU CAN SAVE THE WORLD.

CORZINE: LISTEN, I THINK MAKING SURE THAT YOU'RE SERVING THE PUBLIC IN A REAL AND MEANINGFUL WAY. YOU AND I TALKED ABOUT AN EDUCATIONAL ISSUE.

KERNEN: I KNOW.

CORZINE: FOR A VERY SPECIAL CHILD. YOU GET TO DID THAT AS A GOVERNOR AND IT'S VERY TANGIBLE.

KERNEN: LET'S GET TO THAT. WHAT DO YOU THINK? IS HE ON THE SHORT LIST, DO YOU THINK, GOVERNOR? YOU'RE IN TOUCH WITH THOSE GUYS?

RENDELL: I THINK THERE'S NO QUESTION HE'S ON THEIR SHORT LIST BECAUSE WHENEVER IT HITS THE FAN, THEY PICK UP THE PHONE AND CALL JON. JON WAS OUR SPOKESMAN ON THE FINANCIAL ISSUES DURING THE CAMPAIGN. BUT I KNOW WHAT JON IS FEELING. PEOPLE DON'T UNDERSTAND HOW MUCH THE STATES AFFECT THE LIVES OF THEIR CITIZENS. IN SOME WAYS MUCH MORE THAN THE FEDERAL GOVERNMENT AND IT IS A GREAT JOB. AND I KNOW JON WANTS TO STAY, BUT IF ASKED, GIVEN THE FINANCIAL CRISIS, I, AS AN AMERICAN CITIZEN, WOULD HOPE HE WOULD CONSIDER IT.

QUICK: GOVERNOR CORZINE, LET'S TALK ABOUT THE STATE OF THE ECONOMY RIGHT NOW. BECAUSE THIS IS GOING TO BE FRONT AND CENTER ON FRIDAY WE GET JOBS NUMBERS COMING OUT. BY ALL ACCOUNTS --

CORZINE: I JUST ROLLED MY EYES.

QUICK: YEAH, BY ALL ACCOUNTS, WE COULD BE FACING STEEP LOSSES THIS TIME AROUND.

CORZINE: I THINK THE LOSS OF CONFIDENCE THAT'S BROADLY OCCURRED THAT'S BUILT ON REALITY OF DECLINING HOME VALUES, LOSS OF JOBS, THE LOSS OF VALUE IN 401(K)s, WHICH ARE NOW 201 Ks. IS VERY DANGEROUS ON THE JOB FRONT AND THEN THAT TENDS TO BE REINFORCING. ONE OF THE GREAT THINGS ABOUT THIS ELECTION IS I DON'T THINK IT'S MERE RHETORIC THAT PEOPLE HAVE A LOT OF HOPE. AND IT CAN BREAK SOME OF THAT NEGATIVE PSYCHOLOGY. IT'S GOING TO TAKE SOME FIRM AND CLEAR STEPS EARLY ON THAT GIVE PEOPLE CONFIDENCE. WE'RE GOING TO HAVE TO RESTRUCTURE WHAT WE'RE DOING IN THE HOUSING MARKET. WE GOT IT GET INTO THE HOUSING MARKET. WE'VE TALKED ABOUT THIS AROUND HERE. I DON'T THINK YOU CAN DO IT AT NO LOSS FOR THE FINANCIAL INSTITUTIONS, BUT SOMEHOW OR ANOTHER IN BOTH THE MORTGAGE AND IN THE PHYSICAL HOUSING MARKET, WE'VE GOT TO DO SOMETHING REAL. IF THAT COMES OUT RELATIVELY QUICKLY AND COOPERATION WITH THE CURRENT ADMINISTRATION, IF WE HAVE, WHAT ED AND I ARE VERY STRONGLY IN FAVOR OF, AN INFLUX OR AN INFLOW OF RESOURCES INTO AN INFRASTRUCTURE PROGRAM ACROSS THE COUNTRY WHERE WE'RE READY TO GO, WE'VE GOT DOLLARS AND CHALLENGES THAT NEED TO BE MET, I THINK WE CAN TURN THE ECONOMY AROUND.

QUINTANILLA: LET ME MAKE ONE MORE PASS ON TREASURY BEFORE WE GO TO A QUICK BREAK. IF IT'S OFFERED, GOVERNOR, WILL YOU SAY NO?

CORZINE: I'M NOT SAYING NEVER TO ANYTHING. I WANT TO BE VERY CLEAR. I LIKE WHAT I'M DOING, I HAVE NOT HAD ANY CONVERSATIONS WITH ANYBODY ABOUT THIS JOB. SO, YOU KNOW, PEOPLE CAN SPECULATE. IT'S NICE, MY MOTHER WILL LIKE IT. BUT THE REALITY IS THERE ARE A LOT OF GOOD PEOPLE. YOU KNOW, IF I WERE LOOKING AROUND, PAUL VOELKER WOULD BE ONE OF THE FIRST PEOPLE I WOULD TALK TO ABOUT ANY KIND OF ECONOMIC JOB. HE'S LITERALLY ONE OF THE MOST COMPETENT PEOPLE THAT HAS EVER REALLY WORKED IN PUBLIC SERVICE ABOUT FINANCE. HE TOOK OVER IN A CRISIS IN 1978 AND FOR ALL OF THE COMPLIMENTS THAT GET THROWN AROUND TO HOW WE GOT OUT OF THAT MESS, HE'S THE GUY THAT BIT THE BULLET, TOOK THE HEAT AND MADE THE CHANGES THAT WERE NECESSARY TO STRAIGHTEN IT OUT. SO THERE ARE A THE LOT OF GOOD PEOPLE.

QUINTANILLA: YOU KNOW, YOU GET TO SIGN YOUR NAME ON DOLLAR BILLS.

KERNEN: AND YOU'RE ALLOWED.

CORZINE: THAT'S THE GOOD PART. YOU CAN DO THINGS LEGALLY.

KERNEN: THAT'S A GREAT IDEA.

QUICK: GOVERNOR STICK AROUND, WE'RE GOING TO TAKE A QUICK BREAK.THEN WE DO HAVE BREAKING NEWS ON THE THAT JOBS NUMBER WE WERE TALKING ABOUT. THE ADP EMPLOYMENT REPORT COMING UP IN JUST ABOUT SIX MINUTES TIME. STAY RIGHT HERE.

QUINTANILLA: WELCOME BACK.WE'RE BACK WITH NEW JERSEY GOVERNOR JON CORZINE AND PENNSYLVANIA GOVERNOR ED RENDELL. GOVERNOR RENDELL, WE'VE BEEN GIVING JON CORZINE A HARD TIME ABOUT THIS. BUT THE ASSOCIATED PRESS HAS CALLED YOU, IN THEIR WORDS, A TOP PICK FOR ENERGY OR TRANSPORTATION.

RENDELL: I'VE SAID PUBLICLY DURING THE CAMPAIGN, I INTEND TO SERVE OUT MY TERM. JON HAS SERVED THE BULK OF HIS TERM IF HE WERE CHOSEN, BUT I'M RIGHT IN THE MIDDLE OF MY TERM, I'VE GOT THINGS I WANT TO DO. I'M OLD-FASHIONED ENOUGH TO BELIEVE WHEN A POLITICIAN SAYS HE'S RUNNING FOR OFFICE THERE'S A REASONABLE EXPECTATION THAT HE'LL FILL OUT HIS TERM. RIGHT NOW, MY LIEUTENANT GOVERNOR IS BATTLING VERY SERIOUS CANCER AND HER SURVIVAL -- I THINK SHE'S GOING TO MAKE IT, BUT HER SURVIVAL IS IN QUESTION, SO I'M STAYING HERE IN PENNSYLVANIA. WE CAN HELP, I THINK WE NEED TO REBUILD THE FEDERAL STATE PARTNERSHIP AND LOCAL GOVERNMENT PARTNERSHIPS AND WE CAN HELP DO THAT TREMENDOUSLY. I WANT TO COMMENT, IF I COULD ON SOMETHING JON SAID.

QUINTANILLA: SURE.

RENDELL: I THINK IT'S INCUMBENT UPON SENATOR OBAMA, PRESIDENT-ELECT OBAMA NOW TO CHART THE AN AGENDA AS QUICKLY AS HE CAN TO GET US MOVING ON THE JOBS FRONT BECAUSE I THINK IN SOME WAYS THE PSYCHOLOGY OF IT IS AS IMPORTANT AS THE SUBSTANCE IF THE AMERICAN PEOPLE BELIEVE WE'RE MOVING IN THE RIGHT DIRECTION, IF WE BELIEVE THAT SHORTLY AFTER HE TAKES OFFICE, WE'RE GOING TO MAKE THE RENEWABLE AND ALTERNATIVE ENERGY TAX CREDIT PERMANENT. WE ARE GOING TO PUT MONEY INTO NURTURING THE DEVELOPMENT OF THOSE COUNTRIES, I THINK THE NEXT PRESIDENT HAS GOT TO SAY DON'T BE FOOLED BY THIS TEMPORARY DIP IN GAS PRICES, RENEWABLE ENERGY STILL A NATIONAL IMPERATIVE AND WE'VE GOT TO MOVE NOW. AS JON SAID, AN INFRASTRUCTURE PLAN, RIGHT NOW IN A SECOND STIMULUS, SIGNIFICANT MONEY FOR READY TO GO PROJECTS ACROSS THE 50 STATES, GOOD PROJECTS, SELECTED THE FOR THEIR MERITS, SELECTED ON A COST-BENEFIT ANALYSIS, GET THAT FEELING OF MOMENTUM GOING AGAIN.

QUINTANILLA: GOVERNOR, YOU TALKED ABOUT THIS BEFORE --

CORZINE:CAN I JUST SAY ONE THING. ED CAN DO WHATEVER HE WANTS AND HE IS CAPABLE OF DOING WHATEVER HE WANTS. HE'S ALSO THE CHAIRMAN OR THE PRESIDENT OR WHATEVER WE CALL HIM, CHAIRMAN OF THE NATIONAL GOVERNOR'S ASSOCIATION MONDO HONDO AND HE IS REALLY GOING TO HAVE A MAJOR VOICE ON ALL OF THESE ISSUES. SO WHATEVER ELSE, HE'S GOING TO MAKE SURE AND I KNOW HOW STRONGLY HE FEELS ABOUT INFRASTRUCTURE AND THIS PARTNERSHIP WITH THE STATES AND FEDERAL GOVERNMENT WHICH BY THE WAY, HAS BEEN MISSING. IT REALLY HAS. I THINK WITH THE KIND OF LEADERSHIP THAT ED IS PROVIDING THROUGH THE GOVERNOR'S ASSOCIATION THIS YEAR, WE REALLY HAVE A CHANCE TO FACILITATE A BROAD TAKEOFF.

QUINTANILLA: WOULD YOU SAY THAT THE KINDS OF PACKAGES THAT GOVERNOR RENDELL IS TALKING ABOUT IS THE TOP PRIORITY?

CORZINE: THE GOVERNOR OF PENNSYLVANIA AND NEW JERSEY, VERY, VERY MUCH AGREE. WE FOUGHT BOTH OF US VERY HARD AGAINST LONG ODDS TO TRY TO GET THE REVENUES THAT ALLOW US BOTH TO PUT PEOPLE TO WORK BUT DEAL WITH AN INFRASTRUCTURE THAT IS DATED. I DON'T KNOW WHAT, IT'S TRILLIONS OF DOLLARS THAT WE'RE --

QUICK: I'M SO SORRY TO INTERRUPT, WE HAVE THE ADP NUMBER OUT RIGHT NOW. STEVE LIESMAN WILL GIVE US THAT TO US.

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QUINTANILLA: WE'LL PICK UP ON THAT POINT STEVE, THANK YOU FOR THAT. WE ARE WITH GOVERNOR RENDELL AND GOVERNOR CORZINE. GOVERNOR RENDELL, OBVIOUSLY THE JOB PICTURE IS GOING TO GET WORSE BEFORE IT GETS BETTER. HOW LONG DOES PRESIDENT-ELECT OBAMA BEFORE HE HAS OWNERSHIP OF THAT PROBLEM AND WILL TAKE THE BLAME THAT COMES ALONG WITH IT?

RENDELL: I THINK EVEN BEFORE HE BECOMES PRESIDENT, IN THE CAMPAIGN, HE OUTLINED, I THOUGHT, A VERY IMPRESSIVE SHORT RUN ECONOMIC STIMULUS OR ECONOMIC REGENERATION PLAN. HE'S GOT TO ASK CONGRESS ALMOST BEFORE HE TAKES THE OATH OF OFFICE TO MAKE THAT THEIR FIRST ORDER OF BUSINESS IT HAS, AS JON SUGGESTED, INFRASTRUCTURE MONEY IN IT. IT HAS A WAY OF STIMULATING THE ECONOMY, TAKING THE TAX CUTS THAT HE'S GOING TO PROPOSE ANYWAY AND UP FRONTING THEM IN REBATES RIGHT NOW WHICH I THINK WOULD HAVE A SIGNIFICANT EFFECT ON THE ECONOMY. IT HAS A LOT OF THINGS IN IT TO REGENERATE SMALL BUSINESS. YOU HEARD THAT SMALL BUSINESS JOB LOSS NUMBER. SO I THINK HE'S GOT TO GET THAT AND HE'S GOT TO IT WITH A SENSE OF MOMENTUM, WITH A SENSE OF AN IMPERATIVE BECAUSE OF THE CONDITIONS AND CREATE THAT SORT OF COUNTERVAILING MOOD IN THE COUNTRY HERE IS A GUY WHO IS ROLLING UP HIS LEAVES AN TAKING A CRACK AT TURNING THIS PROBLEM AROUND.

KERNEN: ARE YOU WORRIED ABOUT NOT HAVING DIVIDED GOVERNMENT AT ALL? OR JUST VERY EXCITED ABOUT -- IT HASN'T WORKED OUT --

CORZINE: FIRST OF ALL, I'M VERY EXCITED. LET'S PUT THAT ASIDE.

KERNEN: BUT BE CAREFUL WHAT YOU WISH FOR, IN THE PAST IT'S NOT BEEN GREAT.

CORZINE: FIRST OF ALL, WITHIN THE DEMOCRATIC PARTY, THERE'S A WIDE RANGE OF FOLKS.YOU HEAR ABOUT BLUE DOGS. I THINK THAT SENATOR OBAMA UNDERSTANDS THAT IT'S A LOT BETTER TO BUILD THROUGH CONSENSUS AS OPPOSED TO JAM AND RUN KINDS OF POLITICS THAT, YOU KNOW, MY WAY OR THE HIGHWAY, WHICH I THINK WE'VE UNFORTUNATELY EXPERIENCED FAR TOO MUCH OF OVER THE LAST EIGHT YEARS THAT IT WILL BE NECESSARY TO BRING MORE THAN JUST THE CORE DEMOCRATIC PARTY ALONG. SO I FULLY EXPECT HIM TO BE A TEAM BUILDER, A CONSENSUS BUILDER, WORKING FOR THE COMMON GOOD.

KERNEN: DOES THAT MEAN THAT MOVE TO THE CENTER?

CORZINE: I DON'T THINK HE WAS SO FAR OFF CENTER THAT --

KERNEN: DEPENDS ON WHERE YOU ARE, I GUESS.

CORZINE: LISTEN, THERE'S A REASON THAT SMART PEOPLE LIKE VOELKER AND BUFFETT AND BOB REUBEN AND YOU CAN GO THROUGH THE LINE THAT WE DEMOCRATS USED TO PUSH BACK, BUT THERE ARE A LOT OF SMART PEOPLE THAT BELIEVE THAT SENATOR OBAMA,PRESIDENT-ELECT OBAMA WILL GOVERNOR MORE FROM THE MIDDLE. YOU HAVE TO IN AMERICA. WHILE THIS IS A VERY, VERY SUBSTANTIAL VICTORY, AND I WOULD CALL IT A LANDSLIDE IN THE ELECTORAL COLLEGE, WE STILL HAVE 52 --

KERNEN: 47.

CORZINE: IT'S NOT SO OVERWHELMING THAT YOU DON'T TRY TO BUILD AROUND THE STRENGTH OF COMING TOGETHER.

QUINTANILLA: THAT ASSUMES THAT YOU'RE GOING TO TAKE THE COMMENTS THAT HE SAID DURING THE PRIMARY SENSE AND EITHER BE REALISTIC OR CYNICAL ENOUGH TO ARGUE THAT HE WAS SAYING IT THROUGH TO GET THROUGH THAT ROUGH PERIOD, A ROUGH ELECTORAL CYCLE.

CORZINE: I THINK THERE HASN'T BEEN A COOLER, MORE STEADY AND CONSISTENT VOICE ON ECONOMIC POLICY. ONLY PLACE THAT YOU'RE GOING SEE ANY KIND OF FRICTION I THINK IS WITH REGARD TO FREE TRADE ISSUES AND I THINK THERE'S PLENTY OF REASON THAT WE GET REPRESENTED, WE BEING THE UNITED STATES, WITH A STRONGER HAND ON INTELLECTUAL PROPERTY RIGHTS. ON MAKING SURE THAT PEOPLE AREN'T SUBSIDIZING THEIR TRADE WHILE WE END UP LOSING IN THAT CONTEXT. SO I THINK THAT MAY HAVE TO BE SORTED OUT AT THE MARGIN, BUT THE REST OF THE ECONOMIC POLICY IN MY VIEW HAS BEEN VERY CONSISTENT.

QUICK: ALTHOUGH THERE IS SOME CONCERN ON WALL STREET AT THIS POINT. WE HEARD FROM ART CASHIN THIS MORNING, A TRADER AT THE NEW YORK STOCK EXCHANGE, I WOULD LIKE TO ASK YOU BOTH THIS QUESTION. HE SAYS THE POPULIST RHETORIC IS EXPECTED DURING A CAMPAIGN, AN ACCEPTANCE SPEECH SHOULD BE INCLUSIVE, WELCOMING AND CONSOLATORY, YET WE SAW THE WALL STREET VERSES MAIN STREET LINE INSERTED, WHAT SHOULD WALL STREET READ INTO THAT? IS THERE REASON TO BE CONCERNED?

CORZINE: FIRST OF ALL, I DON'T THINK HE HAS EVER SAID THAT WALL STREET IS BAD. WHAT HE'S SAYING IS AND I BELIEVE THIS. I'M ON THIS SIDE, YOU KNOW, I HAVE A LOT OF AFFECTION AND HISTORY IN WALL STREET. BUT IF YOU'RE FOCUSED PRIMARILY THERE AS OPPOSED TO THE REAL ECONOMY, WORRYING ABOUT THOSE HOUSES ON ELM STREET AND MAIN STREET AS OPPOSED TO WORRYING PRIMARILY IF OVERWHELMINGLY ABOUT HOW YOU'RE GOING TO DEAL WITH FINANCIAL INSTITUTIONS, I THINK HAS BEEN A MISTAKE. YOU CERTAINLY NEEDED TO HAVE A HOLISTIC APPROACH AND WE'VE PRIMARILY DONE WHAT'S NECESSARY TO STRAIGHTEN OUT THE FINANCIAL ISSUE, BUT WE HAVE DONE VERY LITTLE TO STABILIZE HOUSING PRICES.

RENDELL: I WOULD POINT TO THE GREAT SPEECH HE MADE ON THE FLOOR OF THE SENATE IN SUPPORT OF THE FINANCIAL BAILOUT OR RESCUE PLAN. I THOUGHT IT WAS A REASONED PLAN. I THINK WALL STREET CAN TAKE SOME GREAT COMFORT THAT SENATOR OBAMA STOOD UP AND WAS IN FAVOR OF WHAT WAS THEN A VERY UNPOPULAR BILL. SO I THINK HE'S GOING TO BE A FINE PRESIDENT FOR THEM. ONE THING I WANT TO SAY ABOUT THIS UNDIVIDED GOVERNMENT, ONE OF THE UP SIDES IS THAT IT'S GOING TO ALLOW US TO ACT QUICKLY. WE NEED, FOR EXAMPLE, TO SEND A MESSAGE TO THE RENEWABLE ENERGY ECONOMY, TO THOSE COMPANIES RIGHT NOW IN PENNSYLVANIA I'M SURE IT'S TRUE IN NEW JERSEY, THERE ARE 20, 25 COMPANIES WHO ARE HANGING IN THE BALANCE. IF THAT TAX CREDIT ISN'T RENEWED OR MADE PERMANENT, THEY'RE DONE IN THE NEXT THREE TO FOUR MONTHS. THIS GOVERNMENT IS GOING TO BE ABLE TO MOVE ON THAT IN THE FIRST WEEK OR TWO OF THE NEW CONGRESS.

QUINTANILLA: GOVERNOR, CONGRATULATIONS ON AN IMPORTANT WIN. IT REALLY SET THE TONE LAST NIGHT. GOVERNOR RENDELL, CONGRATULATIONS TO YOU. THANK YOU FOR YOUR CANDOR TODAY.

CORZINE: GREAT TO BE HERE.

KERNEN: YOU DIDN'T HAVE DO ANYTHING IN NEW JERSEY.

CORZINE: WHAT ARE YOU TALKING ABOUT? I'M NOT SURE ED DIDN'T GET A BIGGER MARGIN THAN WE DID. WE DIDN'T SEE TOO MUCH OF THE CANDIDATES IN NEW JERSEY.

QUINTANILLA: COME BACK, SOON.

CORZINE & RENDELL: THANK YOU, GUYS.




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