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

MORAN: Republicans should come to the table to do a deal?

SCHWARZENEGGER: I think that Republicans should be at the table with health care reform and bring their ideas, whatever it may be. I thinkÿ2Dÿ2D

(CROSSTALK)

SCHWARZENEGGER: If it is just tort reform -- I mean, just think about tort reform. That could be a huge improvement in the health care reform. And prevention could be a hugeÿ2Dÿ2D

RENDELL: Terry, the Republican Party has a very difficult task ahead. They can't just say no on Thursday. The American people are watching and they are watching clearly. They've got to come up with some ideas, and they've got to say what you said. You take some of our ideas; we'll take some of your ideas. We may not love your ideas, but we'll take them. If they don't do that, I think this whole dynamic of this political year could turn around.

SCHWARZENEGGER: This is what compromise is all about. You've got to have two opposing point of views. You try to bring them together and try to find out where is the sweet spot here? And there's the also the sweet spot. If there is a will, there's a way. If you really want to serve the people and not just your party, I think you will find that sweet spot and you can get it done.

MORAN: All right. Governor Schwarzenegger, Governor Rendell, thanks very much for being here. Good luck on the infrastructure project.

RENDELL: Thank you.

SCHWARZENEGGER: Thank you. Thank you very much.

MORAN: And up next, we'll have the roundtable with George Will, Arianna Huffington, Matthew Dowd and Donna Brazile. And later, the Sunday Funnies.

(BEGIN VIDEO CLIP)

GLENN BECK, FOX NEWS ANCHOR: Hello. My name is the Republican Party, and I've got a problem.

(LAUGHTER)

I'm addicted to spending and big government.

(APPLAUSE)

MORAN: The conservatives stoked this week at the CPAC conference by their speakers. You saw Glenn Beck taking aim at the Republican Party, there. We're going to talk about the week in politics.

Our roundtable, George Will, of course, Arianna Huffington of the Huffington Post, political consultant Matt Dowd, and Donna Brazile.

And let me begin, George, with what we just saw, Glenn Beck, there, taking aim at the Republican Party, CPAC embracing the tea party movement, in a way. What does -- what does it mean, this libertarian tea party streak coming into the movement conservatives, coming into the Republican Party?

WILL: They're natural Republicans. They're not all Republicans. In fact, one-fifth of the people who identify themselves as tea party supporters voted for Barack Obama. And one-third of them express approval of Barack Obama. But they are alarmed and anxious and fearful about what the government is doing.

CPAC has been meeting for decades in one of Washington's largest hotels. This year, they had to move to a larger hotel. So the energy, the intensity in American politics, right now, is on the right. And this is partly because a lot of the people who come to CPAC are college students. They're young. And so there's a bit of over-the-top rhetoric, as you would expect.

And when you're a year after a party has just lost the presidency, and you don't have -- the faces of the next generation aren't clear, it's the hour of the entertainer. And they had a lot of entertainers there.

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