• With: Mike Huckabee

    This is a RUSH transcript from "The O'Reilly Factor," March 21, 2014. This copy may not be in its final form and may be updated.

    Watch "The O'Reilly Factor" weeknights at 8 p.m. and 11 p.m. ET!

    O`REILLY: Thanks for staying with us. I`m Bill O`Reilly. In the "Impact Segment" tonight, the best leaders on Earth. Fortune Magazine has listed the top 50. And there are no American elected officials currently in office on the list, including President Obama. He`s not on the list.

    President Clinton made the cut but, of course, he`s out of office. With us now to analyze six of the selections, Mike Huckabee.

    You see his program Saturday night at 8: 0 on FNC. All right, Pope Francis is --

    MIKE HUCKABEE, FNC HOST: Yes.

    O`REILLY: -- the number one best leader in the world. Do you concur.

    HUCKABEE: I think that`s a great choice. Pope Francis has done a lot of things.

    (BEGIN VIDEO CLIP)

    First of all, transforming the folks of the Catholic Church back to the people who were poor. I think he has done a remarkable job of reaching out to the untouchables of the world.

    He has cleaned up the Vatican Bank. He has done the things that you say, "This is a world leader."

    O`REILLY: A lot of people said to me, "Well, you know, in America, they don`t really know. But in the third world, he is revered already."

    HUCKABEE: Yes.

    O`REILLY: Already. And donations to the poor --

    (END VIDEO CLIP)

    -- are up about 25 percent since he took over the papacy. All right, so we don`t have any beef with --

    HUCKABEE: None at all.

    O`REILLY: -- Pope Francis.

    HUCKABEE: No.

    O`REILLY: Now, I`ve got a big beef with number two -- Angela Merkel, the German chancellor.

    (BEGIN VIDEO CLIP)

    You know, look, I understand she`s an effective politician, I get it. But I don`t think she`s a courageous woman and I don`t think she`s a leader. What say you.

    HUCKABEE: Well, I think she has been a leader. In fact, in terms of what you have in Europe, you certainly don`t have any Francois Hollande, the socialist who found out that people weren`t all that fond of socialism once they saw --

    (END VIDEO CLIP)

    -- what it was going to look like. I think that she has brought some stability to an otherwise struggling European economy.

    She has been very forceful in speaking out when she finds issues with the United States. Maybe not number two, but she certainly deserves to be no less.

    O`REILLY: You see, I disagree, because when she could have helped us in Afghanistan, she did not, OK. I thought that was appalling.

    HUCKABEE: Yes.

    O`REILLY: That was appalling, all right. So the Germans sat it out. Number two, we protect Angela Merkel. We protect Germany.

    The German Military doesn`t protect Germany, we do. So, we`re paying for Angela`s security. And number three on this Putin issue where she should have led? What is she doing.

    HUCKABEE: Well, what is anybody going to do. Nobody is going to start --

    O`REILLY: No, no, no, no. Let`s stick with number two, Angela Merkel. If she`s such a hotshot leader, what`s she doing to Putin.

    HUCKABEE: Well, I think she`s doing what she`s doing for Germany. She doesn`t care what Putin does to the Ukraine.

    O`REILLY: This is the world leadership. I don`t care about Germany.

    HUCKABEE: I know, I`ve got all that. But she has brought, in a very unstable economic climate, she has brought some stability to our country.

    She`s certainly not Greece, she is not France, she`s not the U.K., and she`s not, right now, the U.S.A.

    O`REILLY: The governor and I disagree on Merkel. Bill Clinton is on the list. Now, I have mixed feelings about the former president.

    (BEGIN VIDEO CLIP)

    You know him much better than I do, so your reaction to him on the list is?

    HUCKABEE: I think he probably deserves it. Once again, leadership is not only what you do, it`s what you encourage other people to do.