This is a rush transcript from "The Five," July 25, 2012. This copy may not be in its final form and may be updated.

GREG GUTFELD, CO-HOST: So, President Obama spoke at the Veterans of Foreign Wars convention. I wonder if he thinks because we're leading around the world people have a new attitude toward America?

(BEGIN VIDEO CLIP)

PRESIDENT BARACK OBAMA: Because we're leading around the world, people have a new attitude toward America. There's more confidence in our leadership. We see it everywhere we go.

(END VIDEO CLIP)

GUTFELD: Hooray! Because prior to Obama, it was different. You know, how around the world some questioned whether the United States still had the capacity to lead?

(BEGIN VIDEO CLIP)

OBAMA: Around the world, some questioned whether the United States still had the capacity to lead.

(END VIDEO CLIP)

GUTFELD: And he's right. Some questioned whether America could lead. But that "some" was him! Let's face it, he said "some" because he couldn't say who! It wasn't anyone else but him! Well, also his party, the fawning media, and every Hollywood dope who thinks bashing America makes him seem smart after a line of coke.

Remember, that's when hope and change was about -- Obama was going to make everyone like us. The thing is, that never happened. Data shows that America is less popular around the world than before, perhaps due to our killing of Usama bin Laden and other creeps, which is great!

It's better to be feared, because we're never going to be liked, not until we place ourselves under the leadership of The Hague.

So, rather than pretending so much has changed, Obama might admit that the greatest accomplishment under his administration is what also made us less popular and came in large part from those cruel policies that existed under evil, evil George Bush. To steal a quote, "You didn't build that on your own."

ERIC BOLLING, CO-HOST: Nice.

GUTFELD: Thank you very much.

Should America care, Kimberly?

KIMBERLY GUILFOYLE, CO-HOST: That might have been one of your better ones.

GUTFELD: Well, because I looked at you during it.

GUILFOYLE: Well, you did.

ANDREA TANTAROS, CO-HOST: "Better ones"? Does that imply there's not good ones?

GUTFELD: Some of them can be bad. I could be mailing it in at times. I admit.

But on topic, Kimberly, should America care whether the world likes us or not? I think there is a great Obama accomplishment that people hate us.

GUILFOYLE: Right. Listen, we need to worry about this country. We need to worry about our economy. We need to worry about our families and our children. It's not a popularity contest. Go back to high school and count votes for senior prom king and queen if you're into that.

I'm for American exceptionalism. Show leadership through innovation, through positive business practices that encourage people to be here and I think we'll be in a much better place. I'm not worried about it honestly.

Better to be feared.

GUTFELD: Bob, better to be feared than liked?

BOB BECKEL, CO-HOST: Well, first of all, let me say one thing. I was not asked to say this. I called Romney a punk in the last segment. I got a little overheated because I'm outnumbered four to one. But I take that back. I don't think he's a punk. I think he's a nice guy. I think he's not very good to be president of the United States. As a matter of fact, he's terrible.

(LAUGHTER)

GUTFELD: I always love your apologies.

GUILFOYLE: That is not a good apology.

BECKEL: Is it better to be feared than liked? There's never been a situation in the last 15, 20 years where NATO and SEATO are not two -- have never been stronger than they are now. The fact of the matter is that Usama bin Laden is dead. That there has been a lot of work done on getting out the terrorist organizations.

Mitt Romney went out to London and said, I've got a great idea for Iran and then he said exactly the same thing Obama said. Mitt Romney, the closest I think he's come to a foreign policy is a first class suite on the Queen Elizabeth. But I don't think that this guy is prepared to be president of the United States on foreign policy or anything else and I think Obama is.

GUILFOYLE: Oh my gosh.

BOLLING: Very quickly. President Obama, the first thing he did after sworn in the first -- the first foreign trip was to Strasbourg, France where he called us -- Americans -- arrogant, dismissive and derisive. He's done nothing but bow to Saudi kings since then and shake hands with leftist dictators.

(CROSSTALK)

BECKEL: Are we on the business on the show now to selectively editing everything?

GUILFOYLE: And bow to them.

GUTFELD: I want to get Andrea and I'm going to move to the leaky stuff.

TANTAROS: I actually don't think we're feared or liked right now. I don't. Look, this country has saved basically Europe and then rebuilt Europe and a lot of Europeans didn't like us for a very long time and they might never like us. Now, you have a radical Islamists who will never like us. I don't care who is president. But trying to appease them is the wrong way to go.