SPECIAL REPORT

Dissecting Donald Trump's win over Hillary Clinton

This is a rush transcript from "Special Report with Bret Baier," November 9, 2016. This copy may not be in its final form and may be updated.

(BEGIN VIDEO CLIPS)

PRESIDENT-ELECT DONALD TRUMP: Those who have chosen not to
support me in the past -- of which there were a few people -- I'm reaching
out to you for your guidance and your help so that we can work together and
unify our great country. Working together, we will begin the urgent task
of rebuilding our nation and renewing the American dream.

HILLARY CLINTON, DEMOCRATIC PRESIDENTIAL NOMINEE: We have seen that our nation
is more deeply divided than we thought. But I still believe in America,
and I always will. And if you do, then we must accept this result and then
look to the future. Donald Trump is going to be our president. We owe him
an open mind and the chance to lead.

(END VIDEO CLIPS)

BRET BAIER, ANCHOR: Donald Trump is the president-elect today. As we look at the map
of the states that were called, red obviously Republican, blue Democrat.
And you see some gray in there. That's because we have not called those
states as of yet. Here is why -- Michigan, 96 percent of the vote is in,
and there you see it looks like Donald Trump is heading towards a win
there. But again, we're waiting for some other vote to come in. But it
looks like we're going to be able to eventually to call Michigan for Donald
Trump. In New Hampshire, 98 percent of the vote is in. It's not a big
state. I don't know why it takes so long to get all these votes, but they
are still cooking. Senator Ayotte has conceded to Maggie Hassan, the
Democrat, in that Senate race, but we have not called the presidential
race.

In Arizona, in red Arizona, 75 percent is in because you have a lot of
mail-in ballots that have to be counted. And there you see Donald Trump
eventually will probably get another win there.

With that, let's bring in our panel: Jonah Goldberg, senior editor of National Review; Mercedes Schlapp, columnist for The Washington Times; Mara Liasson, national political correspondent of National Public Radio, and syndicated columnist Charles Krauthammer. Mara, your thoughts?

MARA LIASSON, NATIONAL PUBLIC RADIO: Well, it was an upset for the ages.
As we have been saying all night long, it was incredible. Everybody was
wrong, including Donald Trump who didn't think he was going to win, but he
did. And he really did bust apart the coalitions and the maps for both
parties. I think that the Republican party now is white working class
party. It has got the rustbelt now as part of its base. And the Democrats
are kind of trying to deal with their shock and figuring out what went
wrong. In the circular firing squad department, I think they have a couple
people to aim at. James Comey, I hear a lot about, Anthony Weiner,
WikiLeaks and Hillary Clinton herself who turned out to be a pretty weak
candidate, a lot of baggage, and a status quo candidate in a change
election.

BAIER: If you look at policies of the next president should be in the exit
polls, same as President Obama, 28 percent, more conservative, 48 percent,
more liberal, 17 percent. Of those 17 percent, 22 percent of them voted
for Donald Trump. So that, Mercedes, is the Bernie Sanders vote I would
assume.

MERCEDES SCHLAPP, THE WASHINGTON TIMES: That's right.

BAIER: And those are probably people who did not talk to the exit poll
people because they said I'm not going to tell them that I'm voting for
Donald Trump.

SCHLAPP: And I also think it's a trade policy message they were trying to
push through because when you think about it, Bernie Sanders, first of all,
ran against the status quo, secondly, talked about the problems with trade,
with TPP, with NAFTA. That's the same message that we have seen Donald
Trump push forward in this election.

And I think it's one of the reasons why Donald Trump has just -- was
able to do so well in the rust belt states with the white working class,
where they have seen manufacturing jobs leave their communities, companies
go away, and the opportunity for Donald Trump to really hone in on that
economic trade message which at the same time worked with the Bernie
Sanders supporters.

BAIER: Jonah. You have never been a fan. What did you think of the
speech in what do you think of president-elect Donald Trump?

JONAH GOLDBERG, NATIONAL REVIEW: Look, I've been eating a
lot of crow, which tastes remarkably like black swan. This is a remarkable
thing that Donald Trump did. I thought his speech was actually very good
and very smart. And I think the never-Trump movement is by definition
over, because he won. We lost. You have to -- particularly if you are a
conservative, you have to give him a fresh start and give him the benefit
of the doubt. If Hillary Clinton can do it, I can do it.

And I thought he did a very good job of sending that signal. I think there
are a lot of pitfalls he could fall into with that. I do think -- and I
don't want to take anything away from his victory which was really
impressive. It is really important to pick up on something that Mara said.
This was also Hillary Clinton's defeat. This was a really poor performance
by Hillary Clinton. Very low turnout from key constituencies. You had
less turnout overall than did you in 2004 for John Kerry. We have got
something like 40 million more people on the voter rolls. The Democratic
Party nominated literally the worst person they could for a change election
and they rallied around it. And she was a bad candidate both in theory and
in practice.

BAIER: And what do you think this means for President Obama's legacy?
What is this saying? Is it a repudiation of President Obama?

GOLDBERG: I think it is a direct outgrowth of it, and I think it's really
bad news for Barack Obama's legacy. Barack Obama condescended from a great
height upon his political opponents for eight years. He had sort of an
Olympian disdain for anybody that disagreed with more, as his party became
more leftwing, more dismissive of concerns of the working class, started
talking opening about killing things like the coal industry. And it ticked
off a lot of people and rightly so. And Donald Trump tapped into that.

BAIER: You have also evolved since the beginning of our panel talk of this
election.

CHARLES KRAUTHAMMER, SYNDICATED COLUMNIST: Yes. I have now reached sort
of a stage of -- I'm halfway there. There's no question that what Donald
Trump did was historic, amazing. And he deserves all the credit for it.
As Paul Ryan said, he was the only one who heard the voice out there. And
that was the fact that the Reagan Democrats, the old white working class
that Reagan corralled, had gone away and nobody was listening to that. And
he tuned in to that and that's how he won the election.

And I do think what's even more amazing is the fact that whereas everybody
was worrying on the Republican side that he would damage the down ballot
candidates, he actually had coattails and he helped to pull some of the
down ballot candidates over the finish line. And I agree secondly that the
other person responsible for this Trump triumph is Hillary, probably the
worst candidate possibly one could imagine.

But I think what's overlooked is the role that Barack Obama did. Remember
he said two years ago, I'm not on the ballot, but my policies are, and he
got shellacked. Then he said, this year my legacy is on the ballot. And I
think he's going to lose it. I think it's going to be undone, much of it,
in the first 100 days starting with Obamacare. Everything that he signed,
all the executive orders are gone. And I think he ends up a historic
parentheses. He left the Democrats in ruins at every level. The
governorships, the state houses, the House and the Senate, and now the
White House. He has been a wrecking ball for Democrats, and I think he
deserves a lot of the credit for Trump's victory.

BAIER: Talk about Secretary Clinton, a lot of people praising, Mara, the
speech today where she emoted. Obviously she talked about bringing the
country together. Let's listen to her last speech like this and this one.

(BEGIN VIDEO CLIP)

CLINTON: Although we weren't able to shatter that highest, hardest glass
ceiling this time, thanks to you, it got about 18 million cracks in it.
And the light is shining through like never before, filling us all with the
hope and the sure knowledge that the panel will be a little easier next
time.

(APPLAUSE)

CLINTON: I know we have still not shattered that highest and hardest glass
ceiling. But some day someone will, and hopefully sooner than we might
think right now.

(APPLAUSE)

(END VIDEO CLIP)

BAIER: Just talking to people in this town, they are catatonic today. I
think that's a fair word. Just anecdotally heard that shopping centers
were quiet. Washington, D.C. is elite establishment.

LIASSON: It's a blue -- dark blue spot.

BAIER: As I said, this morning heads are exploding here that they can't
believe it.

LIASSON: I think they can't believe it for a number of reasons, not just
that it was a partisan ideological contest, but also that for so many
people, and I've heard this from Republicans who thought that Donald Trump
was beyond the pale and that he wasn't -- his demeanor, his disregard for
democratic values and institutions, all of those things made him
unthinkable. And I think the shock of it was also part of the reason why
you have got this reaction. The financial markets, the betting markets --

BAIER: Although they finished --

LIASSON: They bounced back. They predicted that she would win. They
built that in.

BAIER: Finished the day at the highest. Final word on this. I want to go
to the break.

SCHLAPP: I have to say at the end this is a rejection of Obama's legacy,
of his imperial presidency. I think when you look at the lack of
enthusiasm, the fact that you saw these skyrocketing Obamacare premiums as
well as the distress of Hillary Clinton, it all played a role in weakening
Hillary Clinton. And it gave Trump that advantage.

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