>> from our studios in new york city this is charlie rose. a look at, tonight the midterm elections in what comes after.

for a conversation about the future of the country. inside the republican party and look at the future. we go live to mark halperin with bloomberg politics. the polls in alaska will close at 1:00 eastern time and we will bring you that then. we are being watched around the country not just on bloomberg television, bloomberg politics.com, but we welcome viewers from pbs. polls have now closed in 49 states, everywhere but it alaska. a new result, one of the biggest contests with scott walker, he is the apparent winner. republicans win the big governors races of the night in wisconsin, with scott walker and

in florida with rick scott. for chrisjor news, christie, the governor of new jersey. >> those races would have given democrats a huge consolation prize. instead he manages to hold those. >> lots of other governors races, where there is no projected winner. in the senate the situation is coming into focus and it is all good news for republicans. their magic number to get the majority was 6. they are at 5. five republicans have picked up seats. two incumbents in arkansas and colorado. they are -- there are a lot of seats left. it appears they are going to hold all of their currently incumbent house seats. the republican leader of kentucky will become the majority leader, he won his seat

in georgia. david perdue is winning that race without a runoff over michele knight and. in kansas it is being reported by some news organizations the winner is pat roberts. democrats put in an effort to put republican seats in. some piled up or republicans. and a lot of hope and placed on these races. was people thought george guaranteed to go to a runoff. it is a surprise, not a vast one but a little bit of one. michelle knight did not have did not- michelle nunn have enough. >> we will look at her concession speech in a little bit. let's keep running through the results for the evening. headederts appears to be towards a reelection. that is the big news. that leaves in terms of races we are looking at republicans to

get their final pick up, a net of 6. virginia is closer than we thought. ,> mark warner and ed gillespie mark warner has a slight lead. virtually all of the vote in, that may trigger a recount. the other raise we have not mentioned is louisiana, which is going to go to a runoff. nobody got close to 50%. that getsbe a race fought in overtime in december. yethe polls close at 7:30, there is no prediction of that race. democrats are trying to hold off a challenge from tom tillis. no projection there. 90% reporting. tom tillis slightly ahead in the rob. there is a opportunity for publicans to pick up the next seat they need. iowa is at this point the most likely. are ernst, all indications

on the exit polls and the therting we have done, republican reelected easily. that may be the seed that falls to democrats. >> to be clear at this point, given what we have just reported, it is the case that all republicans meet to do to get to the magic number of 6, they need to win either in north carolina or in iowa, or in alaska. those of the race is outstanding. you only get 1-3. reportingrg politics an apparent winner, pat roberts. fact holds will in all of their incumbent seats. they have play offense for the most part. the have successfully defended kansas, kentucky, and georgia.

are going to lose any of those. that means they need to just pick up one more from louisiana, virginia, north carolina, iowa, alaska. i suspect that will happen even before 1:00 a.m. when alaska turns for the poll closing them. as we said there are other governors races. let's stop for a moment and go to our panel. on the highe things side, the republicans were to win all those races, put aside louisiana, they could easily add up plus nine. >> we've are going to talk to our analyst. let's hold off. a national figure in the republican party, paul ryan. he is going to go from budget to ways and means. he is a man who appreciates seniority. there is still some money in

that seat. joining us is paul ryan. congressman, i'm hoping you were there. am here. we appreciate it. >> this is a big nine. scott walker got reelected. chris christie is having a good night. your colleagues in the senate are having a good night. presidentu think the 's reaction should be to the election results in terms of what he does? >> he should not try to go it alone with -- >> that was mark halperin of bloomberg politics and albertine coming up. up.lbert hunt coming results, we look

beyond the horse race. where martha -- where america is going. we are living through a chapter pessimism. a majority of adults don't think their kids will have as many opportunities as they did. pronounceds equally with the threat of the ebola virus and isis. there are challenges of russia and confident china. joining me now, doris kearns goodwin. her most recent book is "the bully pulpit." brokaw.here, tom albert hunt is here. and a u.s. managing editor of the financial times, i'm pleased to have them here.

i saved this from the beginning, this is not a program that will look at the election results. we don't know what they are. you're are talking about the country. those will be the issues that whoever wins will be facing. we can also try to reach into what has led us to these places where they look at a campaign and the electorate is described as stolen, in a bad mood. i begin with that because you have spent enormous amount of time reaching out and looking at america, and where it is. lifetime, i was born before the world war, there were a big ideas. the g.i. bill of rights, candidate saying we are going to the moon, civil rights acts, relations with china, the cold war. and you go to silicon valley, that is a big idea. the disruptive, change, find new

ways to do something. we're trapped in little ideas in this country. they don't seem to be serving anybody particularly well. you don't have anybody with an overarching vision. ronald waken -- ronald reagan won the presidency talking about a city on a hill. an idea. guyaid you watch, this knows how to get at the american people. that is missing. the midterm elections are about local issues inevitably. we don't have in my judgment the big idea, the country that longs for some that will bring them together and excite them again about the american ideal. >> that person with the bully pulpit is the president. regardless of whether there is a senate,an or democrat the president is at the white house and he has the bully

office. it is his responsibility is it not, to offer this leadership and to take the lead and set the tone for the final two years of his presidency. >> there is no question the president sets the tone as to whether the electorate remains a grumpy in the doldrums, as it is now, feeling like there is nothing much that can change. fdr said problems are created by human beings and can be solved by human beings, yet the --ctorate doesn't cents they do not since that. of a strong force than it was? the time of linking you ready speech, everybody read it in the newspaper, so you heard the words over and over. by teddy roosevelt the mass newspapers were printing every word he said. fdr is on the radio. construction workers are

going home, i have to be in my living room. three networks are covering speeches. now you have a fragmented audience before the present even -- now you have a fragmented audience. before the president even finishes someone is giving a response. there is a lack in the electorate of paying attention. we know money is poison. it.re doing nothing about this is the most expensive in history. mojohere we have lost our as a citizenry and the leadership is part of that. it may be and i think even worse than tom said. i was at an event, the most content frame election. they ran against obama, who was not on any ballot today. on women.ats ran

war, was no talk about the no talk about immigration, no talk about infrastructure. i think doris makes a good point. i think the republicans have been nothing but negative. i blame obama. if you look at where we are today versus four years ago, the stock market has gone up 50%. .nemployment has been cut we are doing better than any other western economy. we are not doing great. there have been people left behind. the company -- the country has made progress. i imagine it fdr was there today , i can't imagine that he wouldn't be out there telling people we are back, we are doing things, we are moving. one doesn't get that sense from this president. >> he would be singing happy days are here again. absolutely. >> the issue is, fdr did not exist in an era of social media.

changed is not just the fragmented conversation. it is a loss of experts and trust in authority. the government group did a clear that what is , it isea of trust crumbling. they trust facebook friends. we have gone from vertical world trust to horizontal. it is across-the-board. this is an antiestablishment election. we are seeing across the board. what is frightening is that it is a recipe for fragmented politics. you get flashbulbs of people around a single issue to make a protest. trying to build any kind of rational base in this mood is hard. that cannot be put back in the bottle. >> it as it has mystic idea but

couldn't charismatic leadership, isn't it possible whenever we , following jimmy carter, there was ronald reagan, someone that have the power of leadership. even though it is about washington as well, and gridlock , it is the president whose that the koran that -- at the core of that. >> are they embracing an entire part of the political life form? it is single issue politics. a little comparison, imagine if bill clinton had been in .ffice he would have been all over the country. when the president came back to his reelection and wanted to reach out to congress, he took them to dinner at the jefferson

hotel. i couldn't believe that. don'tt know anyone who have an ease that buckle may walk into the white house. wing and putest his arms around them. he was taking them to the jefferson hotel. a lot of this has to do with the fact that he gets hammered by fox news on the right and by talk radio, which is a huge voice in this country. i was in the midwest listening, i don't know who the guy was, but he is saying obama's voters are people who live in excrement . they expect us to lift them out of excrement. a hand.going to lift that was the language. that penetrates. i think he has been an imperfect president. you look back on moving the line in syria, the rollout of obamacare.

uncertain.ind of the most telling thing about the last election was when he was in the first debate, they are preparing him. he says this is not will.i.am. if that is not who you are, why are you running for president? >> a lot of the policies have worked. the stimulus worked. the affordable health care work, the jury is out. so far it's pretty good. we haven't had the kind of inflation critics worried about. the deficit has come down to less than 500. the policies are working better than the perception. has to do what he conveys. the bully pulpit may not be the size that it was but it is still there.

>> a guy from california was in town, he said he had nothing to do with it. that is what he is fighting against at this point. he was at fault. they did manage it well. >> it is the president's responsibilities that the narrative and tell the story. somehow the gap between what you are saying has happened in the economy has not been felt by people inside. part of that is what is magic about leadership. one of the times fdr said to best welles, uni rb two actors in america. i'm not shooting -- i'm not sure who is one and who was two. you have to project. everybody wants somebody they are. if we are going to feel joy you need to feel that. it is a hard time to be president.

it is not as much fun as it was. it wasn't fun in world war ii and somebody said to fdr, how do you get up every morning. he said who what you want to be president? >> when bill clinton was counting down -- and ronald reagan said i don't understand how you could do this job if you were to enact her. -- were an actor. >> there is a non-physicist n authenticity, but it may be part of the responsibility. thehe reality is economy is expanding. income inequality. much has been gained and gone to a tiny minority. we are seeing a fascinating experiment, can you actually tried to -- [indiscernible]

he said he did not want to stress income inequality because he would be accused of class warfare. >> two thirds of americans are concerned about income inequality. on the right and the left. they blame different factors. it is a big issue. >> hillary clinton is talking about it more and more as a campaign narrative. >> her retraction on that. let's not let the republicans off the hook. this year we lost one of the great statesman, howard baker. he back the panama canal treaties. he was opposed by three quarters of the members of his party. he was an unpopular president. a republicanine leader in the senate doing that today. mitch mcconnell, if he wins reelection may be will grow in the job. he is no howard baker.

you imagine the institutional loyalty that people used to feel to the senate or the house. they thought they were proud to be part of an institution. that is gone. the whole political culture has changed. they don't stay together on the weekends. they don't drink together anymore. all they are our tribal enemies looking for interest groups to support. we still have to come back to money. nothing is going to change until two things happen, money is less in politics, and the gap between the rich and poor is changed. mobility is what the american dream is about. if you don't have a chance to get out nowadays everything used it for is being undone. we know this is happening. >> two things i was going to say, kids are not going to do as well. there is an upper limit on how well you can do economically. the american dream, my children

will have better lives than i will. that translates into higher paying jobs and a bigger house. you can't go anywhere and there are houses for sale that are $700,000 for sale. the middle-class can't afford them. rentals are going up. people can't afford to buy homes. we can't overlook the impact of that. the ceo pay has gone way up. there is a skill set issue. thatn absence of the jobs people i grew up with could always get. they were the people who could live on that kind of a waste. that hasn't happened anymore. even what is going on with the stock market. >> why is the u.s. leading the global economy. the employment

rate is down -- why aren't there payoffs for beginnings of the economic recovery? >> in terms of the voter perception, the reality is you look at the numbers and most of the gains in terms of income are going to the top percentiles. by thing 1% getting richer. >> it is not a broad-based recovery. >> is there a new normal in which we can expect will not technology because delivering efficiency and people found out they could do with less? >> one of the biggest challenges is not so much international competition, it is about digitization. what you are seeing on digital , if you're optimistic

you say this is just like the cultural revolution. in the next-generation they found new jobs in manufacturing and cities. they hope that will happen again. if you think about it, every you use computer technology to get something done. all the people that used be travel agents, it is not computers. those are the people that aren't losing jobs. that is the reason my middle-class isn't there now. ohio,ublican senator from one of the more reason republicans in terms of wanting to get something done, he said this is what we are going to do. a job creation act, lower , and mye taxes immediate thought was how are

you going to do with the democrats? what you going to give them? an increase in the minimum wage? immigration reform? mitch mcconnell has set on going to get rid of the affordable care act. he is not even talking about it. >> he changed his mind. >> or maybe i can't. what is goingow to happen once they get back there. the early indications are ted , we have toaul change this party because [indiscernible] .o there is a lot it is hard to say this is what's going to happen. we don't know. all the markers are there going to retreat, beginning tomorrow morning. that is what is coming out of

the election. how can they get the white house back. >> that means there is a window of opportunity for the president to do something. the attention shifts to the race for 2016. the president has a window of opportunity but not very long. >> and hopefully he moves into directions. trying to work with the con -- ,ongress to get something done but also executive orders. have going to have to it. he can use it to deal with immigration to some extent, and that power, he has to keep going. it is important. people's energy is diminishing. they are starting to send resumes. they want other jobs. final month sees that you are here until the final

moments. he has to suggest that to this people. keep racing until it is over. tom's scenario is the most likely. constant confrontation. bere is a chance there could some rather big things done. doris mentioned immigration reform. it is a republican party's interest. presidential elections are different. they don't want to be the anti-immigration party. you have to dial back the senate bill. anythingidn't do before the midterm elections because they didn't want the president to campaign on immigration reform. >> there are other potential business from the moves they could take. question of tax reforms, corporate tax reforms. >> if republicans are repaired.

>> i would watch trade. republicans are much more sympathetic to the president agenda trying to push the trade deals with europe and asia. >> people suggested it may be possible the president will be deal with mitch mcconnell been with harry reid. [laughter] [indiscernible] >> he refused to bring a bill up. >> the democrats refused to bring up a bill. >> a long-term operative, they are goldplated in terms of right of center. what is the best outcome. mcconnell gets beat and we still win the senate. is a feeling they can't take the party into the modern age until they moved aside someone like mitch mcconnell,

who is beginning to refine his positions. >> bob dole once said to me in an interview the best job in washington other than the president is to be the senate majority leader when the president is held by the opposite party. he got things done. [indiscernible] if you were to add trade, immigration, tax procurement, oft is quite a bundle potential action you may seem. that may be too optimistic. let's not write off congress. >> it is an interesting idea because the deficit has been reduced them because it is less of a weapon for republicans to argue with they will be more amenable to agreement on the

budget. >> i don't think that is crazy at all. electorateo show the that there was more. likes we haven't talked about the reduction of the influence of the tea party. this has not been good for them. republicans learn something about how to deal with the tea party. they got their candidates in. they took them on and a sleight-of-hand fashion. they removed them as a threat to their own party. whether that continues when you have rand paul and other saying we have to change our brand, we will see. >> when you mention the fact that when president came to office in 2008 he had a commitment to end 2 wars, afghanistan and iraq. we find that a test for the united states again in isis,

tell me how you think the country feels about this, and did it change because of the thereings, and because was a new fear that this somehow was a threat? >> the country is of two minds. they are terrified of the threat of isis in part because of the beheadings and the irrationality of the acts going on. the other 70% say we can't send troops on the ground. been an issue at all in this campaign. we are talking about what congressman mike to call the water and treasure of america. they go to collect more treasure. 1% of thel less than population in those military and pays the terrible price. , and they go on with your lives, don't pay a price of any kind. it seems you may go to war is a

bigger idea. burden on those volunteers fighting. ,> congress and going home going home to campaign before they voted on this war is the most irresponsible thing since vietnam. it is unconscionable. >> we need to talk about this and the american people. this is going to define obama's presidency frankly. yes committed the united states to the war with good reason. isis is a highly financed military machine moving across the middle east. it terrifies everybody in the west and scares everybody in other countries. is in aragedy is it worse position than it was six years ago. >> i was going to say the short term republican and democratic support for isis removal after

the beheadings is not necessarily a long-term commitment to sending in troops or carrying out this war if it is going to be a greater proposition. there.onism is still out a narrative is going to have to persuade people if this is going to be a longer-range commitment what is necessary, and we have to understand that header. >> do think this president has the capacity to change? is he so confident in himself or so fatigued by it all that he just wants to go home? >> i hope it is not the letter. one can imagine after today's results when it becomes clear that the senate has now gone to the republicans, it does give him a fresh start to think again , what do i do with my next two years. that is the one thing they do. they let you reboot.

he is going to have to do that to figure out his strategy. they may have to be executive orders, agreeing. -- onekens are in their of the republicans are in there they have to do something. and can't keep obstructing think they are going to look good because they had control. let's hope each one of these gives you a push and you change what you are doing and you think that a different strategy. >> what you think. >> i think he can. i don't know if you will. i think he can. >> is it within him to want that? >> i suspect. we talk about let's have changes at the white house. that doesn't matter. it is his approach, that's what matters. it depends on what the republican approach is. it is symbiotic to a degree. i think there is a chance that

both will do what doris just enumerated and get some things done while still fighting on other things. >> what would you advise the president? >> to get out, to really look at the designing -- the exciting things happening in the grassroots. don't look at washington. look at the experiments on the ground. brokaw song.rother >> he could expand his inner circle. it hasdy talks about become more constricted all the time. a bold move would be to reach out into the middle and find some conspicuous american man or woman who could come in and say here is a new way of looking at it. not make it a constitutional law

seminar but a big political move. i thought they missed an opportunity when they were trying to fight back against the recession. we misread that, we went to afford a goal -- affordable care. if they hadwn there talked to other people, who were involved in america business they would say this is not recovery in the same way that you think it is. no one at this cap net had had any real hands-on experience with dealing with the economy. that was the number one issue. now it is fuzzier on why people are not happy with the economy. it has to be with middle-class jobs. >> this is what the president said today, what went wrong for president obama.

special reading with the president, with the 2004 election, i have one mandate, to help middle-class families working hard to get into the middle class. he said that in the east room of the white house. he knowledge the dangerous of overreach and put forward an expansive agenda and action on he ise change, and registered progress only on addressing climate change. that sums it up. wished know anyone who the president bill. we all want the president to succeed. some of the most prominent republicans say i'm a republican, i didn't vote for him. i want him to succeed. it is good for business, for our

children. iny feel more separated terms of opportunity for him to succeed. there is still this gap. he was not a born politician. he was a constitutional lawyer. he does a walk-through of the u.s. senate and he is the chosen man in the election that he won on the first pass. the chair atun for some point in your life. after 2012, he won. he did move toward using the bully pulpit on gun control. he did everything he would hope you would. he mobilized people live in her fight. he gave speeches. he said this is important. the very thing he wanted done, overwhelmingly, and it still didn't work. >> that is a tough one to take on even with the emotional

content. you look at the nra and their lobby, and their adherence, you a hard-core law. after they talked about gun control, he went into a gun show -- they said you're going to take away my 30, 30. they said in that discussion that is what it was about. >> where does it look in terms of 2016? >> completely unformed on the democratic side, hillary clinton , a favorite. this stage been at in doubt about who i thought about the republican nominee. i have no idea. i'm not even sure who is going

to run. i think it is unformed. >> ufo theory works for me. i don't know what it is. it can happen to any of these people. is starting to get more. you leaning forward. can he survive fratricide and come out and win in the general? can the republican party reform those early debates, and the kinds of primaries they have so they play to the broader population? i don't know. the thought of having a bush -clinton rematch sums it up. that is the future. >> can you ask this question, does america get the politicians

it deserves? does the american public deserve a demand, a better debate, or are they simply part of this areess of which campaigns won on small the issues? last you look at the election cycle, met romney's credentials were terrific. person.een a successful you could say he fits the criteria. second term, for a you put those two people together. that is good representation of candidates from each party. >> the higher we flew, the less we know. planes took the place of trains. >> thank you.

thank you, great to see you. >> we will be right back. stay with us. ♪

>> we continue coverage of midterm elections. joining us is robert costa from

the "washington post." he is relevant to what we are talking about looking ahead. time withn spending the people who will shape the congress over the next several months after the election. i'm pleased to have him back. tell me what you found. tell me what is the take away from these series of interviews you have done? >> my colleague sat down and wrote 4-5000 words four the washington post. it looks at the tension be kind -- behind this election. we have to start with the president. how did he work with the senate democrats starting after he won reelection in 2012? there has been a disconnect ever since. >> in what way? >> the president had an

infrastructure and financial network that was very successful in 2012. one of the key parts is we look at how senator reed and other democrats were fresh and with the white house for not doing enough. the president didn't raise money for senate democrats. there was an expectation for more from these vulnerable incumbents. they never felt the president was engaged as he could be. that is something we kept hearing. >> in these conversations were there things that emerged. my emphasis now is primarily on the future. at what might have been debate that did or did not take place. what i'm interested in, how do people who will still be in power look at what they have to do in the future, and how do they assess the possibilities

regardless of whether they not, inthe senate or terms of shaping the next two years of the obama administration? >> at the core of our story is a look at the republican party. we saw in the 2010 cycle a lot of tea party fire. there was a certain kind of temperament that was coming out of these contests. in this year we are seeing a republican party still very conservative, more congenial, a government temperament. tom tellis and north carolina, tom cotton. these are conservatives with inclination to govern. we sat down with paul ryan, who is likely to be chairman of the ways and means committee. he's going to go to the president and talk about tax

reform. is something possible in a divided government? that is the mentality republicans have. the battles?yond that theyy in a mood are prepared to have serious negotiations? and give the president an opportunity to come to the table and it rests his own interests? >> that is exactly right. there is an appetite among republicans because so little has gotten done since rob lukens took over in 2011 -- since republicans took over in 2011. these are the leaders who want to see something accomplished. boehner had an appetite to do a grand bargain. can they come back in some wine? ryan believeaul

something can be done in tax reform, trade issues. he would like to explore this. the balance for republicans, as much as they want to get legislation done, they are looking ahead to 2016 and the political issues. they want to pressure the president. how far do they do that? hasou as a reporter who earned a reputation for covering congress well, are you optimistic somehow not withstanding what has happened in the past two years that something can be hammered out because they are new candidates senate?n in the house, and because they realize people in fact in this election ran not only against the president but against washington. >> i'm more optimistic as reporter. when we sat down with ted cruz he talked about wanting to have

a more aggressive conservative agenda, yet we pointed out in the 2014 republican senate primary most tea party challengers were defeated. you solve in kentucky and mississippi. diduse tea party firebrands not win primaries this time around the composition of republicans in congress is different. we will see some loud voices like ted cruz push for a certain kind of strategy. the leadership positions at the top have a different mentality. likes what do they say they expect? >> we hear this across the board. to see an attitude change. the want to see engagement with the president. when we spoke to the white house they brush aside this idea the president needs to have a beer with more senators. that is really with the members of congress want. they don't think the president has handled congress appropriately, has the

relationships necessary to pass sweeping legislation. republicans and democrats tell me when they were with the white house they are going to mention the president's legacy to get him off of his chair and the oval office and work with congress. he needs to do this for his own legacy. likes the republican party understands the success they are bound to have tonight comes from the fact that it was about the president, about washington, not about all the virtues of their candidates. they understand that the a realcan party has had problem in terms of brand identity. more toe to reach out groups that have not supported them as much. >> it is a great point. on the demographics front in terms of reaching out to black voters, women voters, republicans feel like their

efforts were more effective this time around. on policy there is more disappointment on the republican side. the party never articulated an agenda as they did in 1994. they may win tonight, but do they have a mandate to make conservative push? not so much. it is not there. i made a broad critique of the president. >> a cheap figure is john boehner. -- chief figure in this is john boehner. >> he has had one of the most difficult experiences but will enter this term with power. he will have an increased house majority. we will see them pick up 5-10 seats. if you were thinking about challenging him for the gavel it's going to be difficult. spoke to his chief rival.

he is not quite a challenge boehner. he will have more sway and influence. >> kevin mccarthy is a californian call the dude because he has an easy-going play. has deep ties in silicon valley. look for him to be the silicon valley connection to the party moving forward. >> to those people who aspire to inpresident understand that order for them to run the have to run on something positive that will appeal? as?ever they view it this is a time for the republican party to have something that they can say is what we stand for. >> they are still trying to get beyond the legacy of president reagan.

what is that going to be? that they'll ann romney's message on jobs fell flat. there was no policy agenda with the midterms. there is going to be an active , we said that what governor christie of new jersey. he talked about the need to have a vision to talk about leadership, rather than just taking potshots at democrats. of issues what do you think will be the priority? will like toship do something on tax reform. presidentith in the can work together i think the leadership of like to do something on immigration. it looked at the changing map of the country, the changing electorate and feel like yes the tea party wing of the congress does not want to do anything but the republicans don't address immigration it could cause decades long problems.

add estimate may want to address. -- that is something they want to address. >> thank you for joining us. >> thank you. ♪

>> with all due respect to rush limbaugh, i believe i smell the sweet scent of compromise in the air. ♪ >> welcome to our redeyed, no holds barred chatathon. president obama, who is not a political pundit just wrapped up a marathon press conference at the white house to talk about yesterday's election and future