Where Clinton hit Trump on policy and where she missed

Reaction from the 'Special Report' All-Star panel

This is a rush transcript from "Special Report," June 2, 2016. This copy may not be in its final form and may be updated.

(BEGIN VIDEO CLIPS)

HILLARY CLINTON, DEMOCRATIC PRESIDENTIAL CANDIDATE: Donald Trump's ideas aren't just different. They are dangerously incoherent. They're not even really ideas, just a series of bizarre rants, personal feuds, and outright lies.

(APPLAUSE)

He also said "I know more about is than the generals do. Believe me." You know what? I don't believe him.

Imagine if he had not just his Twitter account at his disposal when he's angry, but America's entire arsenal.

DONALD TRUMP, PRESUMPTIVE REPUBLICAN PRESIDENTIAL NOMINEE: Do you really believe that Hillary is presidential? This is not presidential material. Her Libya invasion, the Libya invasion was disgusting. I mean, you know who has the oil? ISIS has the oil from Libya. Her Libya invasion, decisions on Syria, Iraq, and Iran have made the Middle East more dangerous than ever, ever before.

(END VIDEO CLIP)

BRET BAIER, ANCHOR: Well Hillary Clinton with what was billed as a major speech today, spending most of it ripping on Donald Trump, the presumptive GOP nominee. She said at one point he's probably tweeting right now, and in fact he was. He tweeted during the speech "Bad performance by crooked Hillary Clinton reading poorly from the teleprompter. She doesn't even look presidential."

Take a look at the latest polls on this issue of foreign policy. NBC/Wall Street Journal poll out tonight, Clinton has a big lead over Donald Trump on foreign policy. That's one poll. You look at the Q poll on a series of questions about foreign policy, job creation, the ISIS, international crisis, and it's you see Donald Trump leads in job creation and the ISIS threat, and then in crisis and nuclear decisions Hillary Clinton in that poll, the Q poll.

So let's take a look at the speech today by Clinton and the fallout. Let's bring in our panel, Steve Hayes, senior writer for The Weekly Standard, Karen Tumulty, national political correspondent for the Washington Post, and syndicated columnist Charles Krauthammer.

Charles, your thoughts on Clinton's speech?

CHARLES KRAUTHAMMER, SYNDICATED COLUMNIST: Well I thought the content of it was rather devastating. It was an entire six months accumulation of opposition research. Had one of the Republican challengers to Trump in their nomination delivered it I think it would have had tremendous effect.

The problem is, and I think she ticked off the major issues with Trump on foreign policy, namely lack of knowledge and preparation, lack of policy and strategy, and in the end temperament, and his sort of strange admiration for strong men like Putin and the Chinese leadership. The problem is she delivers it, you're looking at her, and you think this is, this is the worst person that Democrats could have chosen to deliver the message, because you look at her and you think Benghazi, Russia reset, the disastrous withdrawal from Iraq. And then she ends up, what's her positive? Defending the Iran deal.

So I think that Trump did exactly the right response, which is not to defend himself on the charges. I think just about all of them were direct quotations or fairly reasonable facsimiles of what he said. But to go after her for who she is and the mistakes she made. So this is a campaign, particularly on foreign affairs, that is going to be incredibly negative, and it's going to go all the way to the bottom.

BAIER: Karen, I heard supporters on the other channels and pundits say this was her best delivery of a speech. But, again, there I want a lot of personal laying out her credentials as much as it was essentially eviscerating, or trying to, Donald Trump.

KAREN TUMULTY, WASHINGTON POST: Well, the standard playbook when you have two candidates who have high negatives is to do your very best to make the race about your opponent, not about yourself. So what we saw here is her signaling that the way she is going to treat Donald Trump with contempt.

And I also found it interesting that she took him on the central premise of his campaign, his slogan, make America great again, that this is a country in decline. And she kept insisting, you know, she essentially wrapped her arms around American exceptionalism and said no, this still a great country, we can make it greater. But Donald Trump just doesn't understand what this country's values really are.

BAIER: Here's Donald Trump, again yesterday, a preamble to this speech, a pre-rebuttal, prebuttal, I should say.

(BEGIN VIDEO CLIP)

TRUMP: She has no national talents to be president. This is not a president. You talk about bad judgment. She broke federal law by putting her emails on a secret private server that foreign countries could easily get to and hack. I mean folks, if anybody else but her did this, they'd be in jail two years already.

(END VIDEO CLIP)

BAIER: So to Charles' point, Steve, much like the 2012 when Republicans put up Romney, who had Romneycare from Massachusetts against what was a huge vulnerability, President Obama and Obamacare, Democrats are dealing with somebody who may have threatened national security depending on what the FBI finds on this email server, and talking about the risk of national security with the GOP opponent.

STEVE HAYES, THE WEEKLY STANDARD: Yes. I mean I think it is, it's ironic in that Hillary Clinton obviously has, I mean having virtually everybody has looked at this, including national security lawyers both Democrats and Republicans have suggested that her emails were openly hacked and probably hacked and may well have put national security at risk.

But again, I think to Charles' point, Donald Trump making this case is problematic given the catalog of issues and statements that she listed in her speech. I think substantively that part of her speech, the first third of her speech, could have been pulled from a Charles Krauthammer column or from the editorial pages of National Review or The Weekly Standard. So on substance that was the right critique to make, I expect we'll hear a lot more of it.

But I agree with Charles also that she's a very unlikely person to make that case. She is not only a chief contributor to the catastrophic foreign policy of the Obama administration for the past seven years. She continues to be one of its chief defenders. And, again, if you go back and reread her book, she takes credit for any of a number of these things, including laying the groundwork for the Iran deal, the diplomacy with the Afghan Taliban, which I think has pretty clearly failed, the Russian reset, all of these things. And she's the one taking the case to Donald Trump.

BAIER: Meanwhile today, Karen, Paul Ryan, House speaker, comes out, says I'm going to vote for Donald Trump. Some people took that as you know, not a full-throated, I'm really getting on the trail. But this is what he said in an op-ed. He said "As I said from the start, my goal has been to unite the party so we can win in the fall. And if we're going to unite, it has to be over ideas. Donald Trump and I have talked at great length through these conversations. I feel confident he would help us turn the ideas in this agenda into laws to help improve people's lives. That's why I'll be voting for him this fall. It's no secret that he and I have our differences. I won't pretend otherwise. But the reality is on the issues that make up our agenda, we have more common ground than disagreement. House Republicans are helping shape that Republican vision by offering a bold policy agenda, by offering a better way ahead. Donald Trump can help us make it a reality." How big a deal is that?

TUMULTY: Well, I think that what Paul Ryan is doing here is sort of once again asserting that the Republicans in Congress are going to be the source of the Republican Party identity, the Republican Party principles, the Republican {arty ideas. And it is simply a fact on the face of it that they need a Republican president to get any of this done. And, you know, the only train out of the station for them is Donald Trump.

BAIER: We'll have more time to talk about this in coming days.

Content and Programming Copyright 2016 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2016 CQ-Roll Call, Inc. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of CQ-Roll Call. You may not alter or remove any trademark, copyright or other notice from copies of the content.