GEOFF BENNETT: Senator Tillis mentioned what he sees as the striking parallels between this year's midterm elections and the Democratic wave of 2006.

Rahm Emanuel helped engineer that victory 20 years ago.

Now, as his party looks to regain power, what lessons does he see for Democrats today?

We're joined now from Chicago by Democrat Rahm Emanuel, the former Chicago mayor, congressman, White House chief of staff, and U.S.

ambassador to Japan.

Welcome back to the "News Hour."

RAHM EMANUEL (D), Former Mayor of Chicago, Illinois: Thanks, Geoff.

Thanks very much for having me.

GEOFF BENNETT: So, before we turn to domestic politics, I want to start with Israel's election, because when we spoke on this program this past summer, you said the U.S.-Israel relationship was at a tipping point, and you called for a fundamental change in direction.

Now, as a result of this election, neither major bloc has won a governing majority.

And the question for you is, in your view, can anything fundamentally change as long as Netanyahu remains in power, even in a weakened coalition?

RAHM EMANUEL: The short answer is no, both because of both the person and the policies.

He would have to have a fundamental difference in calculation.

This has all been said by the top echelons of the military, people that used to work for him.

Everything runs through the calculation of what's in his interest, not as what is in the nation's interest.

And in illustration of this point, every prime minister that had a major military setback had an independent commission.

He has refused to have it because the judgment would be unambiguous about the role he played in one of the worst military and strategic catastrophes in Israel's history since its founding in '48.

GEOFF BENNETT: All right, let's shift our focus now to the midterms.

You helped Democrats win back the House 20 years ago in 2006.

What lessons from that experience apply to this moment?

RAHM EMANUEL: Well, two things.

I mean, it was very -- the similarities are here, unpopular president, unpopular president, corruption, corruption, unpopular war, unpopular war, spiking energy prices, spiking energy prices.

So the outline, very similar.

Big difference, people were tired and frustrated with President Bush.

Here, they are angry at President Trump.

And what I mean by angry, President Trump promised to drain the swamp and he put the swamp right in the Oval Office.

He promised to end the endless wars, and he actually started one.

He promised to get prices under control, and he has spiked them.

And he promised to put money in your pocket, and he's only putting money in his pocket.

And nobody likes to be played like a fool.

There is an anger at being had that is fueling this election more than just frustrated.

GEOFF BENNETT: And on that point, you already have some Democrats focused on impeachment.

Some are calling for impeaching Defense Secretary Pete Hegseth.

Others are calling for what would be a third impeachment of Donald Trump if Democrats retake the House and/or Senate.

Would that be a mistake?

RAHM EMANUEL: Yes.

I mean, look, I'm very straightforward that, in Tuesday, the Republicans will lose.

What the Democrats do in 2027 will determine whether we have won.

And what I mean by that is, I'm absolutely for all the hearings about follow the money, Venezuelan money, oil deals with Russia, everything, what the Witkoff and Trump children have.

Follow the money.

What you should do immediately within the first three months is pass an ethics package, five quick things for all three branches of government, no stock trading, no prediction market participation, mandatory blind trust, mandatory retirement age or term limits, and what I call fifth and finally the Kushner rule, no foreign money while you're in service or for two years afterwards.

And the Democrats, if you get that type of change done, you will deliver a victory to yourselves and to the American people.

Pass a minimum wage.

Hasn't been passed since 2007, when we took control.

Third, restrict the tariffs.

Both of the last two deal with affordability.

The first one deals with the ethics and corruption around this administration.

Vote and give the public, in fast order, both on speed and substance, a down payment on change.

You will not only tell the coalition that voted you into the majority.

You heard them and you acted, and then, B, setting up 2028, which is, we are the party of change, that is the party of corrupt failed status quo.

GEOFF BENNETT: Well, say more about that, because how should Democrats turn what might be an anti-Trump vote on Tuesday into lasting support for the party, a mandate for their own agenda?

RAHM EMANUEL: Geoff, it's a great question.

What you do in 2027 will both confirm to the coalition that they got the change they hoped for, and then set up for the next presidential election, because we become the party of change.

If you do, by way of reference, an impeachment versus an ethics bill, impeachment will take all the oxygen out of the air, and it will just -- the American people will just say it's just nothing but retribution and nothing but Democratic version of a food fight.

If you deliver significant change, like a comprehensive ethics package, in quick order, they will say that's the change I voted for.

Show up, get your work done, produce the work for the American people.

That would shock them that -- if Washington actually produced something that mattered in their lives.

The minimum wage hasn't been raised in 20 years.

There hasn't been a lobbying and ethics reform in 20 years.

Change both.

GEOFF BENNETT: Rahm Emanuel, great to speak with you.

Thanks for joining us this evening.

We appreciate it.

RAHM EMANUEL: Thanks, Geoff.