Donald Trump won the presidency because he understood America's frustration over the economy, former Secretary of Defense Leon Panetta told the Fortune Global Forum.
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00:00I thought Democrats had lost touch with a lot of key constituencies, they had lost touch
00:05with rural America, lost touch with workers, lost touch with minorities, lost touch with
00:12young people.
00:14An important element of the base of the Democratic Party, they lost touch with.
00:18And at the same time, we're not talking about the big issues that concern the American people
00:24and understanding the pain that was out there.
00:27And I think they paid a price for that.
00:30And that's why Trump won by the margins that he won.