'It could be a bloodbath of Watergate proportions' — Ted Cruz on possible election blowout

"If on Election Day, people are angry, and they've given up hope and are depressed—which is what Pelosi and Schumer want them to be—I think it could be a terrible election," Sen. Ted Cruz (R—Texas) told CNBC's "Squawk Box" Friday. "It could be a bloodbath of Watergate proportions."