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

MORAN: Ten-year plans not something that the United States government does very well, but the stimulus, that was a big debate here this week. Both of you were supporters of it. The Republican Party, though, staked out a pretty stark position on the stimulus, summed up by Mitt Romney at the CPAC convention this week when he basically -- this is his take, and really speaking for the Republican Party in general on what the stimulus did.


ROMNEY: He scared employers. The jobs were scarce. His nearly trillion-dollar stimulus created not one net new job in the private sector.


MORAN: Governor Schwarzenegger, that is where the Republicans are, that the stimulus was a failure and that it did not create one net new job in the private sector. True?

SCHWARZENEGGER: Well, you know, to me I find it interesting that you have a lot of the Republicans running around and pushing back on the stimulus money and saying this doesn't create any new jobs, and then they go out and they do the photo ops and they are posing with the big check and they say, isn't this great? Look what the kind of -- the kind of money I provide here for the state, and this is great money to create jobs, and this has created 10,000 new jobs and this has created 20,000 new jobs. And all of these kind of things. It doesn't match up. So it's exactly--


RENDELL: It's hypocrisy at the highest level.

SCHWARZENEGGER: I think, you know--


SCHWARZENEGGER: -- of my Republican colleagues, but I think it's kind of politics, rather than thinking about only one thing, and this is how do we support the president, how do we support him and do everything that we can in order to go and stimulate the economy, get the economy back, and think about the people rather than politics.

I have been the first governor of the Republican governors to come out and to support the stimulus money because I say to myself, this is terrific, and anyone that says that it hasn't created the jobs, they should talk to the 150,000 people that have been getting jobs in California.

MORAN: Private sector?

SCHWARZENEGGER: Yes, for the private sector and also from the public sector. I mean, if it is teachers, if it is university professors, if it is people that are building infrastructure and stuff like that. I mean in every category, there is jobs that have been created in California, 150,000. This is 150,000 people that are going home today with a check that are providing for the family, that can buy the textbooks for their kids, that are feeling wanted and needed and feeling productive. I mean, a better job, it isn't just a job, it's all of those kind of other things. So I'm happy that we got this money. I'm happy that we have put 150,000 people to work and there will be more people that we will put to work.

MORAN: You'd do it again. Did Pennsylvanians think it worked?

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