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U.S. leaders have to realize the ‘reality on the ground’ for Americans: Andrew Yang

Former Presidential Candidate and Humanity Forward Founder Andrew Yang joins Yahoo Finance Live to discuss the election outcome, and what’s to come in the Georgia Senate runoffs.

Video Transcript

AKIKO FUJITA: President-elect Joe Biden moving ahead with his transition today. Expected to focus on the court and health care with an address on the Affordable Care Act later tonight as the Supreme Court takes up the case. And we want to bring in our first guest for the hour. We've got Andrew Yang. You know him, of course, as the former Democratic candidate for president. He's also the founder of Humanity Forward. He joins us from upstate New York today. We've also got our very own Melody Hahm joining in on the conversation.

Andrew, it's great to have you on. A lot to get through to. So let's start with the presidential election first, though. Of course, you are a big supporter of now President-elect Joe Biden. You got the big win in the White House, but you don't necessarily get the Democratic mandate. I'm just curious to get your read on what transpired. Why do you think an embrace of Joe Biden didn't necessarily lead to an embrace of the Democratic agenda?

ANDREW YANG: I think you saw a surge in turnout on both sides, Akiko. Trump got 5 million more votes this time than he did in 2016, which surprised me. And what we have to take to heart from that is that more and more Americans, unfortunately, right now are struggling, and are open to messages of institutional mistrust. So we have a lot of work ahead. And as you probably know, I'm heading to Georgia the next number of days to try to help Democrats win the Senate, because we're in the midst of still this crisis. And if you don't have a unified government that can pass laws that everything is subject to Mitch McConnell, it's going to be that much harder to recover.

AKIKO FUJITA: Let's talk about that Senate race. I mean, you know, you said after the election that polarization is here to stay, Trumpism is still here to stay. That the Democrats haven't necessarily been able to make the gains that it needs to, particularly as it relates to the working class. You've got this Senate race a few months from now in January. You're headed out there, as you said. How do you make that message or how do you try to make those inroads that perhaps the Democrats couldn't just last week?

ANDREW YANG: The special Senate races on January 5 in Georgia are going to be really tightly contested, because Georgia is a state just flipped blue narrowly. The demographics have been changing. It's a purple swing state. There are two Senate races. So the stakes could not be higher.