Transcript: National Security Adviser Gen. James Jones and Sen. John McCain, R-Ariz.

STEPHANOPOULOS: The affair. It may be true. And they actually had something of a doomsday strategy. Several of them had gotten together and basically said, if it looks like he is going to win, we're going to sabotage the campaign, we're going to blow it up.

ROBERTS: Oh my goodness.

(CROSSTALK)

ROBERTS: And why do that? Why not just get out of the campaign or why not go public in the first place?

STEPHANOPOULOS: The answer they give is that in December and January, he probably wasn't going to win. Why bring everybody through it? But then if he were, they were saying they're Democrats first and they would have found the way to get the information out so that he was not the nominee.

DONALDSON: But if they let it sabotage the campaign, it looked like it might be successful, for whatever reason, the political reason, it would...

(CROSSTALK)

STEPHANOPOULOS: But their point would be that it wasn't going to be successful.

DONALDSON: Well, then, why not get out early? I agree with Cokie, there is some moral imperative here that bothers me.

ROBERTS: And also, it could have had an impact on the eventual nominee. Now I don't buy into this theory. But there is a theory that if John Edwards had not been in there that it might have been to the benefit of Hillary Clinton. Now, I -- you know, I think -- I think it was Barack Obama's year. But I...

DONALDSON: Yes, but in Iowa, two-thirds of white people voted for someone other than Barack Obama because they split the vote, Edwards and Clinton.

ROBERTS: I mean, so if you say his staffers were going to sabotage him...

STEPHANOPOULOS: They had suspicions, right.

ROBERTS: ... eventually, they -- I mean, they really should have done it up front then. But the arrogance of all of this is just so overwhelming to me. I mean, to get into a presidential campaign while performing in such a manner is just, you know, I deserve it, it's all about me. And it's just, blech.

STEPHANOPOULOS: And did he really think that he could make it all the way through? We're just about out of time here.

Let's take one more look at President Obama last night talking about Hillary in his stand-up act.

(BEGIN VIDEO CLIP)

OBAMA: We had been rivals during the campaign. But these days we could not be closer. In fact, the second she got back from Mexico, she pulled me into a hug and gave me a big kiss.

(LAUGHTER)

OBAMA: Told me I had better get down there myself.

(END VIDEO CLIP)

(LAUGHTER)

STEPHANOPOULOS: Now, not all presidents clear the bar in their first outing at the White House Correspondents Dinner. I think Obama probably did last night.

WILL: Absolutely. I mean, he has good writers, he has good deliver, what more do you need?

DONALDSON: What I liked about it was all of the zingers were -- some in the Gridiron tradition, they singed but didn't burn. They weren't mean. What I saw of the public prints master -- mistress of ceremony, I can't say the same thing.

I think Rush Limbaugh should be condemned for whatever meaning he had when he said he wanted the president to fail. And you can jab at him for that, but she apparently crossed the line as far as I'm concerned.

REICH: You know, one of the great strengths of this president, I don't think he has a mean bone in his body. I think he is the center of serenity with regard to the hurricanes that are going around the economy and everything else.

And I think he is a genuinely, genuinely nice person, something this town doesn't quite know what to do with.

(CROSSTALK)

DONALDSON: He had better develop a toughness. You don't have to call it meanness.

ROBERTS: But he hasn't been a funny person. And so this was -- this was a test to see if he could be...

STEPHANOPOULOS: It has now become part of the job. You guys can continue talking about this in the green room.

And for political updates all week long, follow me on Facebook and Twitter.

END

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