Martin O'Malley: Presidency Not A Crown to Be Passed 'Between Two Families'

The former Maryland governor says a "new perspective" is needed in the White House.
7:40 | 03/29/15

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Transcript for Martin O'Malley: Presidency Not A Crown to Be Passed 'Between Two Families'
There's martin O'Malley, jamming with his band. Is the former Maryland governor ready to take his show on the road to the white house? We have now suffered 12 years in a row of declining wages, thanks to the brand of voodoo economics. Reporter: With firebrand Elizabeth Warren on the sidelines, O'Malley is touting his stands on gay marriage, guns, and immigration. Ours is the party of the American dream. And together, we will make that dream true. Again. Reporter: He's already been there five times. New Hampshire is next. And in South Carolina, a hint of how he might take on Hillary. Triangulation is not a strategy that will move America forward. History celebrates profiles in courage. Not profiles in convenience. Reporter: One more claim to fame. His time as mayor of Baltimore helped inspire this character on HBO's "The wire." If that doesn't happen, we're going to lose these neighborhoods and ultimately this city. I think there is a resemblance there. Governor martin O'Malley joins us right now. Thank you for joining us, governor. Thank you, George. Two threshold questions for anyone thinking of running. Why are you running? And why are you the best person for the job? What is your answer? I believe our country is at a defining moment in our history. The American dream is no longer true for the 80% of us working harder not getting further ahead. I have the experience after 15 years as executive, of governor of a state and mayor of a big city. Of getting things done. Bringing people to accomplish difficult things. To create a stronger economy. Sounds like you have honed that down. Back in 2007, you were one of Hillary Clinton's earliest supporters. You were chair of her Maryland campaign. You called her the experienced leader America needs. You added this, no one is better equipped to repair America's alliances abroad and address the urgent needs of our communities at home. No one is better equipped. Is that still true today? Well, I certainly believed that for those times, that she would be the best choice for us as a country. For those times? For those times. Not now? I believe there are new perspectives needed for us to solve the problems we face as Americans and the problems we face as people on this planet. I believe that new perspective and new leadership is needed. More important than that, the two phrases I'm struck with all over the country are phrases that people come up and say to me in every state. Which is we need people who know how to get things done. And we need new leadership. That sounds like you just announced for president right here. We need new perspectives. Leadership. You're ready to challenge her, aren't you? I think our country always benefits from new leadership and new perspectives. The presidency of the united States is not some crown to be passed between two families. It is an awesome and sacred trust. That to be earned, and exercised on behalf of the American people. Those two families bush and Clinton? Right now, George, you know, the -- any two families. But look. In order for us to make an economy again where people can work hard and get ahead, we need a president who is on our side. A president willing to take on powerful, wealthy, special interests to restore the American economy. Where wherever you start on the earnings spectrum, you can get ahead through your hard work. That's not the economy we have today. 12 years in a row of wages declining. It doesn't have to be this way. And Hillary Clinton is not the candidate to take on the powerful special interests? I don't know. I don't know where she stands. Will she represent a break with the failed policies of the past? I know for my own part is in Maryland, we did the things that worked in order to attain the highest median income in the country. In order to create more jobs at a faster rate than our neighbors in Virginia or Pennsylvania. And we followed policies of inclusion for marriage equality. The dream act. Common sense rights for new Americans like driver's licenses so they could take care of their families and reinforce this American dream. You surprised me. I wasn't expecting you to be this direct in taking on former secretary of state Hillary Clinton this morning. Sounds like you're getting the reception in Iowa that's convinced you you should go forward with this. Well, George, it's not about being for or against any other candidate. It's about being for the national interests. We can become a strong country again. We have to put national interests ahead of special interests. Right now, it's not a fair fight. It's as if Wall Street owns one party. And is trying to totally intimidate the other party. We need to stand up and put the national interests first. If we do that, we can restore our economy. What is the number one threat to America right now? What would you do to fix it? The number one threat -- I mean, the number one responsibility for the president is to protect the people of the United States of America. Would that there were only one. There are always threats. What is the most important? The greatest danger? The greatest danger that we face right now on a consistent basis in terms of manmade threats is -- um -- is -- nuclear Iran and related to that, extremist violence. I don't think you can separate the two. I think they go together in terms of natural threats, clearly, it's climate change. We have to confront -- Nuclear Iran, is the answer striking deal with Iran or not taking the deal that the president is searching for as prime minister netanyahu has argued. It remains to be seen, doesn't it? I'm hopeful. In our state, we passed some of the strongest laws. The goal is to drive the Iranians to the negotiating table. I think we should support the president in achieving that settlement. You see 47 members of the senate writing the letter, it's a sad day for the United States. If you hate the president of the United States more than you does trust the ayatollah, then you probably shouldn't be in the United States senate. 70% of people were polled back in October and 70% of people said you would not make a good president. This poll back in October had you well back in the pack of democrats, behind Hillary Clinton, Joe Biden, and Elizabeth Warren. These are the people that know you best. We had just come off a contentious campaign there. The most important thing, George, is, if you look at the record of accomplishments in Maryland, five years in a row, creating the number one public schools in the country. Reducing violent crime to 35-year lows. History is full of times when the inevitable front-runner is inevitable right up until he or she is no longer inevitable. I believe what people want, especially this year, is someone with proven executive experience. The ability to get things done, rather than putting their finger in the wind and looking for popularity. The ability to be honest with people. And lay out the choices that we have to make as a free people to build a good economy for our kids. Well, gomplg vernor, the announcement sounds like just a formality now. When should we expect it? Oh, I don't know. I'm going to make a decision this spring. Governor O'Malley, thank you

This transcript has been automatically generated and may not be 100% accurate.

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