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# President Obama: Donald Trump’s Election and Brexit Both Reflect People’s Economic Fears

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<!-- video src="https://cdn.jwplayer.com/manifests/4pAp2VOB.m3u8" -->
## Video: President Obama: Donald Trump’s Election and Brexit Both Reflect People’s Economic Fears

[Watch (HLS stream): President Obama: Donald Trump’s Election and Brexit Both Reflect People’s Economic Fears](https://cdn.jwplayer.com/manifests/4pAp2VOB.m3u8) (2:57)

![President Obama: Donald Trump’s Election and Brexit Both Reflect People’s Economic Fears](https://cdn.jwplayer.com/v2/media/4pAp2VOB/poster.jpg?width=720)

_Published 2016-11-15. Drawing a broad lesson from the election of Donald Trump, President Barack Obama said Tuesday that world leaders need to pay heed to people’s very real fears of economic dislocation and inequality in the midst of globalization_


---

Jul 27, 2023 9:09 PM UTC

---

## More From This Series

[All Videos](https://time.com/video/)

[What Barack Obama Said in Final Farewell After Donald Trump’s Inauguration](/video/0JZxVTfe/)

### What Barack Obama Said in Final Farewell After Donald Trump’s Inauguration

[Donald Trump’s Economic Plan Is Magical Thinking](/video/HSGDWqmA/)

### Donald Trump’s Economic Plan Is Magical Thinking

[A Conversation about Economic Inequality](/video/bFUP1aa3/)

### A Conversation about Economic Inequality

---


## Transcript

[ BLANK_AUDIO ] You've seen some of the rhetoric among Republican- Elected officials, and activists, and media. Some of it pretty troubling. And not necessarily connected to facts, but being used effectively to mobilize people. [ BLANK_AUDIO ] And obviously President- elect Trump tapped into that particular strain within the republican party and then was able to broaden that enough. And get enough votes to win the election. Time will now tell whether the prescriptions that are being offered, whether Brexit or With respect to the US election ends up actually satisfying those people who've been fearful, or angry, or concerned.

And, and I think that's gonna be an interesting test. Because I think I can make a pretty strong argument that the policies we put forward were the right ones. That we've grown faster than just about any advanced economy. The country is indisputably better off and those folks who voted for the president elect Are better of than they were when I came into office for the most part. The lesson I draw and I think people can draw a lot of lessons but maybe one that cuts across countries is we have to deal with issues like inequality, we have to deal with issues of Economic dislocation. We have to deal with people's fears that their children won't do as well as they have.

The more aggressively and effectively we deal with those issues, the less Those fears may channel themselves into counter productive approaches, that pit people against each other. Well I think it's fair to say that I was surprised by the election results, and I've said so. [ BLANK_AUDIO ] I still don't feel responsible for what the president- elect says or does, but I do feel a responsibility as President of the United States to make sure that I facilitate a good transition, and I present to him, as well as the American people, My best thinking, my best ideas about how you move the country forward.

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