• With: Dan Henninger, James Taranto, Dorothy Rabinowitz, Mary Kissel, Joe Rago

    This is a rush transcript from "Journal Editorial Report," March 7, 2015. This copy may not be in its final form and may be updated.

    STUART VARNEY, GUEST HOST: This week on the "Journal Editorial Report," supporters scramble to defend Hillary Clinton as questions grow over her private email use. But do Democrats have a backup plan in case her presidential ambitions implode?

    Plus, Benjamin Netanyahu makes his case against a nuclear pact with Iran. But as a key deadline looms, can Congress keep the administration from cutting a bad deal?

    And the future of ObamaCare now in the hands of a sharply divided Supreme Court. So what's next if the subsidies don't survive?

    Welcome to the "Journal Editorial Report." I'm Stuart Varney, in this week for Paul Gigot.

    Well, she's reportedly set to launch her presidential bid as early as next month, but revelations this week that Hillary Clinton used a private email account to conduct official business during her four years as secretary of state is reportedly adding to concern in some liberal circles that putting a Clinton on the ticket in 2016 may not be the Democrat's best move. So just how much legal and political trouble could Hillary be facing? And do Democrats have a backup plan if her candidacy runs aground?

    Let's ask Wall Street Journal columnist and deputy editor, Dan Henninger; editorial board member, Dorothy Rabinowitz; and "Best of the Web" columnist, James Taranto.

    To you first, Dan.

    Days after the revelation, I'm still shocked that she did this kind of thing. Why on earth would a woman with that experience do something like that?

    DAN HENNINGER, COLUMNIST & DEPUTY EDITOR: Well, because the Clintons as usual think that the rules apply to everyone else but not to them. And they make them up as they go along.

    I think the thing to address here is -- Stuart, the really kind of bloodless political calculation, as she, famously said what difference does it make? Is this going to hurt her? Look, Bill Clinton went through eight years of the presidency with all of these sorts of things happening and he got re-elected. It didn't hurt him. I think what that taught us was that the powers of the presidency are enormous. Once you're in that Oval Office, you can get away with virtually everything. But you have to get in there first. If we had known everything about Bill Clinton before he was elected president, I think it would have been very difficult for him. So Hillary Clinton suddenly has all of this landing on her, just as she's about to announce for the presidency. And at the margin -- look, you want tremendous enthusiasm for a presidential candidate and it's eroding for her. This is a serious, serious political problem for the Democrats.

    VARNEY: James Taranto, come on in. How worried are the Democrats? And do they have a plan "B"?

    JAMES TARANTO, BEST OF THE WEB COLUMNIST: Well, do they have a plan "B" is a very odd question because normally it's not a question at this stage of whether there's a plan. What's the Republican's plan "A"? There is none. There are a bunch of candidates contending in a primary. And people say that the Republicans are the ones who usually pick the next guy in line. Yeah, they do but they usually do it after the primaries. So I think there's a lot of unease or there should be a lot of unease among the Democrats about this coronation that the party seems to have gone along with in deference to the Clinton machine. We have seen a lot of defenses as well, but some of them are rather mild defenses that -- you know, people -- I think they're trying to decide what to do here.

    VARNEY: James, here's the key question. How many senior Democrats are now looking elsewhere other than Hillary Clinton?

    TARANTO: Not very many, openly. But I suspect behind closed doors they are talking about it and worried about it.

    VARNEY: Dorothy, I'm going to run a sound bite from Hillary Clinton as she appeared before Emily's List and then I want your comment.

    Roll tape.

    (BEGIN VIDEO CLIP)

    (APPLAUSE)

    HILLARY CLINTON, FORMER SECRETARY OF STATE: Don't you want to see more women running for Congress who will follow in the footsteps of Barbara Mikulski and champion equal pay and equal opportunity?

    (APPLAUSE)

    CLINTON: And I suppose it's only fair to say don't you someday want to see a woman as president of the United States of America?

    (APPLAUSE)

    VARNEY: I was dying to roll that tape for your reaction.

    DOROTHY RABINOWITZ, EDITORIAL BOARD MEMBER: Yes. Well, there's the key because what we're facing now is a huge question: What will the electorate do faced with this big test? Will you pick someone who represents our first chance at the presidency? Will women of America do this? Will it be driven by gender politics? And will gender become the force that racial politics was in the last election? So the question is, this is the presidency of the United States, and what we know about Hillary Clinton, which we did not know about, as Dan said, about Bill Clinton, going back to the first huge ethics scandal, the Travelgate, there's no time to represent everything that went on in this horrendous moment in the Clinton administration. It went on forever. And this produced her famous comment, the great right wing conspiracy.

    VARNEY: Did she just play her best card --

    RABINOWITZ: Yes.

    VARNEY: -- which is the woman presidency.

    RABINOWITZ: She --

    (CROSSTALK)

    VARNEY: Was it a desperation move?

    RABINOWITZ: No, I think it's -- I think it's simply just ended. It is a part of her to believe that she is going to run this. The question again is, the American electorate, are they going to make this choice that we are going to vote for somebody entirely because of this political correct point we need a woman in the White House, the presidency of the United States with this history?

    HENNINGER: Look, we are a long way from the nomination. The Democrats have to be worried whether there's more to come, either from the email scandal or the Clinton Foundation. How many time bombs are out there waiting to go off on the road to this coronation?

    VARNEY: Yeah. A lot.

    (CROSSTALK)

    VARNEY: Well, I'm speculating. I would suggest a lot, given the history of the Clintons.

    James, come in please.

    TARANTO: And there's one other problem with the woman president card, as you put it, which is that one of the groups among which Mrs. Clinton is unpopular that views her skeptically, is the progressive left-wing wing of the party. Well, their favorite is Senator Elizabeth Warren, who is the same sex as Mrs. Clinton.

    VARNEY: That is true, James. Now, what about the time line for her declaration going for the presidency? Is that going to be affected by the fund-raising scandal and the email scandal, James?