'This Week' Transcript: Gov. Arnold Schwarzenegger and Gov. Edward Rendell

MORAN: Good morning, and welcome to "This Week." The battles lines are drawn.

(BEGIN VIDEO CLIP)

OBAMA: It's a whole lot easier to say no to everything. It's a whole lot easier to blame somebody else.

FORMER GOV. MITT ROMNEY (R-MASS.): We conservatives don't have a corner on saying no. We're just the ones who say it when it's the right thing to say.

(END VIDEO CLIP)

MORAN: While another Democrat leaves the Senate and calls the system broken.

(BEGIN VIDEO CLIP)

SEN. EVAN BAYH, D-IND.: I do not love Congress.

(END VIDEO CLIP)

MORAN: Is Senator Bayh right? Can Washington solve our most pressing national problems, the economy, the debt, health care? Questions for our exclusive headliners, two prominent governors who call it like it is, Republican Arnold Schwarzenegger of California and Democrat Ed Rendell of Pennsylvania, together with their own bipartisan agenda for rebuilding America's infrastructure. Schwarzenegger and Rendell, only on "This Week."

Then.

(BEGIN VIDEO CLIP)

TIGER WOODS: I was wrong. I'm embarrassed. I am so sorry.

(END VIDEO CLIP)

MORAN: The Tiger Woods confession. That and the week's politics on our roundtable with George Will, Donna Brazile, political strategist Matthew Dowd and Arianna Huffington of the "Huffington Post." And as always, the Sunday funnies.

(BEGIN VIDEO CLIP)

DAVID LETTERMAN, TALK SHOW HOST: Tiger Woods is making a televised public apology. Televised public apology tomorrow. He needs three more to tie my record.

(END VIDEO CLIP)

MORAN: And good morning, everyone. There will be some high political theater and hard political work in the week ahead in Washington. On Thursday, the main event. President Obama hosts his televised health care summit with Republican and Democratic leaders, hoping to find common ground there. Good luck on that. And Congress returns from recess this week with a full plate, especially as the Senate takes up a jobs bill.

And joining me now to discuss all this, two men who are known to reach across the aisle and are also on the frontlines of dealing with the struggling economy -- California Governor Arnold Schwarzenegger, Pennsylvania Governor Ed Rendell. They are also leading a bipartisan organization, Building America's Future, dedicated to rebuilding the infrastructure in the country. We'll get to that. Gentlemen, welcome.

SCHWARZENEGGER: Thank you, nice to be here.

RENDELL: Nice to be here.

MORAN: Let's start with the economy. The nation's governors, including of course the two of you, are here in Washington, and the chairman of the Governors Association, Jim Douglas of Vermont, said very starkly, looking at the economy, at the impact on states, budgets, employment the rest, he said the worst probably is yet to come. Do you agree with that, Governor Schwarzenegger?

SCHWARZENEGGER: I believe that the worst is over.

MORAN: The worst is over.

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