This is a rush transcript from "The Five," July 10, 2012. This copy may not be in its final form and may be updated.

GREG GUTFELD, CO-HOST: Well, in The Washington Post, Michael Moynihan looks at the media's take on the presidential backers and finds it isn't exactly fair and balanced -- a phrase I just invented, Dana.

Yes, the media made sure we knew how rich those at Mitt's Hampton fundraiser were by zeroing in on their wheels. Yeah, they drove cars -- probably made of Faberge eggs and kittens.

The A.P. listed the "Mercedes, Bentleys... and candy red Ferrari Spider."

The L.A. Times added, "a line of Range Rovers, BMWs, Porsche Roadsters and one gleaming cherry red Ferrari."

In The New York Times, "gleaming Bentleys, Porsches and Mercedes-Benzes."

Mind you, The Times CEO Janet Robinson got a $24 million severance. I bet she won't spend it on a moped.

But somehow, the coverage isn't the same when President Obama attends the star-studded fundraisers. As Moynihan notes, you won't see the press focusing on Meryl Streep's transport.

Here is why -- political reporters are starry-eyed school girls whose palms sweat and hearts flutter in the presence of coked up, therapy-driven, chuckle bags who thinks wearing a ribbon makes them look smart.

If a star says Earth good, people bad, they get a gold star from the A.P.

But rich Republicans are easy targets because they're rich. And the media envies that. But the rich and famous celebs get a pass. The media doesn't envy them. They just want to be like them.

I get it. Dana is like that around me. Poor thing.

(LAUGHTER)

DANA PERINO, CO-HOST: Poor me.

GUTFELD: Poor you.

Do you think they are biased toward Republicans or just gaga-eyed over celebrities?

ANDREA TANTAROS, CO-HOST: Both. I don't think it's mutually exclusive. It's not even about them being rich. I think it's about the connected versus the not connected, right? It's not even political beliefs.

I mean, as you pointed out, look at the fundraisers they had Sarah Jessica Parker, "Checks and the City."

GUTFELD: Yes.

TANTAROS: Their townhouse in the West Village is over $20 million or something like that. The money, the Martha's Vineyard vacation that the Obamas take. The $500 Lanvin sneakers Michelle Obama wears. The trip to Spain.

It's hypocrisy at the highest level. And the media just lets it go time and time and time again.

BOB BECKEL, CO-HOST: What do you think of the person -- I don't know if they quote it to, but quoted one to Romney. She said I don't think the common person is getting it.

PERINO: I would love to go to one of those. If you were a fly on the wall, then you'd hear --

(LAUGHTER)

BECKEL: Now, lady, maybe the common people don't get what you get, which is a lot of free stuff from your rich old man. But, if you leave that aside, the Koch brothers made their money by trading arms illegally with the Iranians.

ERIC BOLLING, CO-HOST: Wow. Wow.

BECKEL: I mean, why do you think this is the top --

PERINO: I hope they sue you.

TANTAROS: You beat up on the bankers all the time. You know that Obama got the most money from JPMorgan, the big banking industry? Why doesn't the media get in that?

BOLLING: Can I just point something? I got another e-mail from Barack Obama. Thank you, sir. Appreciate it. "Eric" -- personalized no less -- "we are getting outraised. I'll be the first sitting president if this continues, not just by super PAC, but by outside groups."

Guess what, President? You know, we find out today in the Wall Street Journal $4 billion, $4.4 billion are coming from the union. So, you're not getting out raised. Super PACs aren't outraising you on the Republican side.

If you add in the unions, you are beating the doors off everybody.

BECKEL: What if you add in the Koch brothers?

BOLLING: First of all --

GUTFELD: That's all you have.

BECKEL: I don't. I have Karl Rove. He has a super PAC.

GUTFELD: I want to move on. I want to talk -- Dana, I want to go to you.

I want to talk to you about Denise Rich -- big liberal and big supporter of Bill Clinton. He is leaving the United States, now senior citizenship can save tens of millions of dollars, in U.S. tax dollars. So, she is going to Austria. I think they have wallabies and kangaroos. I might be wrong.

But, you now, isn't it great you see a big liberal who favors taxes for everybody except for herself?