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Transfer of power shows “great strength” of U.S. institutions, philanthropist David Rubenstein says


Billionaire businessman and philanthropist David Rubenstein thinks the peaceable switch of energy that’s occurring whilst President Trump refuses to concede the election reveals the “nice power” of American establishments.

“The nation’s nice power has been proven by this. So when historical past is written, and it turns into clear that Joe Biden can be inaugurated on January 20, it will be clear that the good democracy that we constructed has establishments which can be so robust that they’ll overcome some considerations concerning the lack of the election that the president has,” Rubenstein advised CBS Information chief Washington correspondent Main Garrett for this week’s episode of “The Takeout” podcast.

Rubenstein is the co-founder and co-executive chairman of American personal fairness agency The Carlyle Group, in addition to the chairman of the Kennedy Middle for the Performing Arts, chairman of the Smithsonian Establishment, chairman of the Council on Overseas Relations, and president of The Financial Membership of Washington, D.C.


Highlights from this week’s episode:

  • David Rubenstein on the facility of American establishments: “The nation’s nice power has been proven by this. So when historical past is written, and it turns into clear that Joe Biden can be inaugurated on January 20, it will be clear that the good democracy that we constructed has establishments which can be so robust that they’ll overcome some considerations concerning the lack of the election that the president has.”
  • On President Trump’s plans for the long run: “Typically whenever you lose, you go about and construct your library. I do not assume Donald Trump goes to only go construct his library.”
  • How President Trump’s potential 2024 candidacy may have an effect on different Republicans: “It is going to freeze, for some time, these individuals who needed to run for president in 2024 on the Republican aspect.”

“I truly assume that it is a good lesson in historical past and lesson in democracy, as a result of the reality is almost all has received and has prevailed and I believe the president is aware of that,” Rubenstein mentioned.

He acknowledged that Mr. Trump was distinctive amongst fashionable presidents as a result of he was contemplating operating for president once more in 2024.

“Typically whenever you lose, you go about and construct your library. I do not assume Donald Trump goes to only go construct his library,” he mentioned.

Rubenstein additionally mentioned that he believed Mr. Trump’s supporters weren’t going to “go away,” however would proceed to assist him over every other Republican involved in operating for president in 2024, no less than at first.

“It is going to freeze, for some time, these individuals who needed to run for president in 2024 on the Republican aspect,” Rubenstein mentioned of Mr. Trump’s potential ambitions to run in 2024. “Lots of people really feel intensely loyal to him, and he likes to seem in entrance of them.”

For extra of Main’s dialog with Rubenstein, obtain “The Takeout” podcast on Art19, iTunesGooglePlaySpotify and Stitcher. New episodes can be found each Friday morning. Additionally, you’ll be able to watch “The Takeout” on CBSN Friday at 5pm, 9pm, and 12am ET and Saturday at 1pm, 9pm, and 12am ET. For a full archive of “The Takeout” episodes, go to www.takeoutpodcast.com. And you’ll hearken to “The Takeout” on choose CBS Information Radio associates (examine your native listings).  

Producers: Arden Farhi, Jamie Benson, Sara Cook dinner and Eleanor Watson
CBSN Manufacturing: Eric Soussanin, Julia Boccagno and Grace Segers
Present e mail: TakeoutPodcast@cbsnews.com
Twitter: @TakeoutPodcast
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