Democrats' midterm wins surpass post-Watergate gains, DeSantis gives grim forecast for GOP

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Read a transcript preview of “Democrats' midterm wins surpass post-Watergate gains, DeSantis gives grim forecast for GOP” from CBS News, uploaded on 2026-11-04.

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[0:00] We united Texans from all backgrounds

[0:02] and beliefs onto one team to take on

[0:05] this broken, corrupt political system.

[0:08] This movement for money out of politics,

[0:10] money in your pocket, and Medicare for

[0:12] all. I I just want to thank you,

[0:14] everybody who knocked the door, made a

[0:17] call, sent a dollar.

[0:19] >> I believe we have a responsibility to

[0:21] leave our children something better than

[0:24] what we inherited.

[0:26] But tonight, Iowa, we outvoted the

[0:29] billionaires.

[0:32] >> Our government should work for you,

[0:34] >> for Ohio, for the American people, not

[0:37] just the wealthy, not just the

[0:38] well-connected.

[0:40] >> I am a union member tonight. I'll be a

[0:43] union member when I walk into that

[0:44] Senate chamber. And so amidst our

[0:47] celebration tonight,

[0:49] we must acknowledge that the underlying

[0:53] crisis gripping our republic remains and

[0:56] that therefore our most vital work lies

[0:58] ahead. Realignment meet misalignment.

[1:03] This was a buyer remorse election of

[1:05] epic proportions. One top Republican

[1:07] told me today, "Last night's Republican

[1:10] losses were worse than the Watergate

[1:11] year of 1974.

[1:13] When Republican President Richard Nixon

[1:15] resigned to avoid removal from office by

[1:18] impeachment and conviction in a Senate

[1:20] trial, these results, four Republicans

[1:22] unequivocally or worse. In 1974,

[1:26] Democrats gained 49 House seats, four

[1:28] Senate seats, and won four governor's

[1:30] races. In this cycle, Democr

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