‘The panic is beginning’: GOP strategist Steve Schmidt predicts Election Day disaster for Republicans
Steve Schmidt (MSNBC)

Republican strategist Steve Schmidt sees a landslide victory for Hillary Clinton and possible Democratic majorities in both the U.S. Senate and House.

Schmidt told MSNBC's "Morning Joe" on Wednesday morning that Clinton was currently "trending over 400" electoral votes, based on recent polling, and he said Republicans are freaking out over the real possibility of losing their majorities in both houses of Congress.

"If this election was today, I think Republicans are down 25 seats (in the House), as of today -- with the trend line going in the wrong direction," Schmidt said.

He said the internal numbers of recent polls are not good for Republicans, and he predicted Democrats would retake the Senate and could possibly regain a majority in the House for the first time since 2009.

"The panic is beginning," Schmidt said.