Updated

This is a rush transcript from "The Five," July 21, 2011. This copy may not be in its final form and may be updated.

ERIC BOLLING, CO-HOST: Very quickly, news broke today that John Edwards, 2008 presidential candidate, owes the federal government 2.3 million bucks. Greg, any surprises here?

GREG GUTFELD, CO-HOST: Not at all. That's like 100 haircuts for him. Tragic.

(LAUGHTER)

GUTFELD: But you know what? Edwards is here for a reason. He has a purpose in the universe, is to make another man feel better about themselves. Anthony Weiner should be wearing a t-shirt right now saying "At least I'm not John Edwards." Bob Beckel should be wearing a t-shirt that says "At least I'm not John Edwards."

BOB BECKEL, CO-HOST: You know, at least I'm not John Edwards. And that's going pretty far.

(LAUGHTER)

BOLLING: That's Pretty bad for John Edwards.

(CROSSTALK)

BECKEL: Everyone saying I'm not Bob Beckel.

I think this guy - you talk about falling from the heights of the political career in a short period of time and does absolutely -- I mean, the guy -- listen, I don't even want to talk about it. He's going to end up paying the FEC a lot of money.

BOLLING: The reason why he owes $2.3 million is apparently he was sending back checks that were matched by the government. When he sent back checks of the donations, he never gave the government back.

MONICA CROWLEY, CO-HOST: We should point out that this is separate from the actual criminal case going forward. This is something totally different. Everyone knows he's pig. We'll find out if he's a criminal pig.

BOLLING: We at "The Five" this morning were looking at stuff and this came and hit us right smack in the face. Department of Homeland Security, apparently has a video out there teaching people how to spot terrorists, potential terror in our neighborhood. See something, say something.

Turns out, you guys, you look at this video, you see where the terrorists are? White males -- average American end up being the terrorists to the people calling the terror in happened to be -- all of them happened to be black, Asian or Arab.

Now, Robert, of the 126 people who had been indicted under terror charges in 2009 and 2010, 126 of them, all 126 have been Arab.

BECKEL: Did you want them to put everyone with Arafat hats on?

BOLLING: I was hoping it would be a little bit more accurate.

BECKEL: Listen, whoever put that thing together, who didn't think they were going to get a bunch from people like Eric, I mean, what are you thinking? I mean, you put that together, you ask yourself, are you going to get beat up? Of course, you are.

GUTFELD: Here's the real crime here -- it's stealing jobs from actors who are suited more demographically for that role. It's bigoted. It's bigoted, because they must have had a casting call that said no Arabic people apply, only white guys in the 30s, wear a hoodie and carry a back pack.

BECKEL: Well, they couldn't apply because Herman Cain was in charge.

ANDRE TANTAROS, CO-HOST: What's funny is one of the guys gets in his car and he calls them to report something. He said I've seen something very out of the ordinary. And I look, what two guys getting in American car?

I mean, come on. This is not the face of American terror, is it? Why can't we have -- why can't we have a picture of Muhammad Atta or somebody going in a flight school? What's wrong with that?

BOLLING: Nineteen hijackers are Arab. Faisal Shahzad, Omar Farouk, everyone was -- why can we not at least make one of the people an Arab or Muslim, because frankly they -- that's what we should be looking for.

BECKEL: Everybody gets that, which is why whoever this -- I mean, this is not one -- this is a no-brainer right here.

GUTFELD: But doesn't it show the fear? It's a government fear of Islamophobia. They're afraid. In fact, if you read the actual Web site, they talk about how they are going after behavior, not after the identity. And that's baloney. It's baloney.

BECKEL: The one thing I will say, if that was you and me in that thing, that would qualify for terrorists. Seriously.

GUTFELD: Do you know what it is -- have you ever noted a burglar, like in the burglar alarm commercials? They always look like me.

BECKEL: They do. Black outfits on.

GUTFELD: The bad guy always looks like me, because I am a burglar.

CROWLEY: Listen, can we report DHS for terrorizing all of us? Because according to their criteria here, all of us fit the profile of a domestic terrorist. And remember --

BOLLING: Bingo!

CROWLEY: -- in 2009 --

BOLLING: But they're profiling us.

BECKEL: You know, there's something to that. I mean, I'm not sure that that's off.

CROWLEY: It is true. But not every Muslim carries out an act of violent jihad. But what is true, it's certainly after 9/11, is that every act of international terrorism has been committed --

TANTAROS: The accurate portrait, the accurate narrative of American terror would be somebody who is a jihadist. I know the administration doesn't want to say, saying something like now this would be a little suspicious: I only want to learn how to take off, not land. That's out of the ordinary.

GUTFELD: I just want to make one point. Can I make one point? This video has been out for a year and it shows what a failure it is that we just found it.

BECKEL: Let me tell you one another thing, our friend, Juan Williams, our colleague, got ousted from National Public Radio because he said he was uncomfortable on a plane with people who were Muslim. I want to just tell you, Juan, I not only felt bad about it, I got off the freaking plane. I got scared. I got back on but I got a little scared.

CROWLEY: I can't believe that Bob Beckel and I are agreeing. I'm so hot for you right now.

Let me just say one thing -- this seems to be a pattern with this administration because, remember, in 2009, spring of '09, they issued a written report where they said the people most likely to commit act of the domestic terror where if you owned a gun, went to church or served in Iraq and Afghanistan.

BECKEL: That I can agree with.

BOLLING: Let's do this -- there is a cartoon circulating right now, apparently Al Qaeda has decided to produce a cartoon that teaches young kids how to become terrorists. They sent a few frames out. You may have one on the screen in a minute.

But isn't this exactly what we are concerned about? Al Qaeda telling Muslim children that Western propaganda is bad and you should grow up to be a terrorist.

TANTAROS: Absolutely. This is nothing new. They've been doing this for years. Remember, a year ago, we had one of these surface.

It's really scary that they're trying to indoctrinate their kids to hate the United States so much, even more reason why we need to be more vigilant here at home, because I mean, they're going after these kids. They're like three years old, four years old, five years old. Come on!

BOLLING: That's funny? That's funny?

BECKEL: Yes, that's funny because, listen, what do you expect them to say in their cartoon to their kids? Why don't you all go to McDonald's? They're trying to get kids to join the terrorist movement.

So, the KKK in this country used to have cartoons and they did the same thing and Hitler did. So, I mean, I don't -- what's new about this? I don't -- I mean --

TANTAROS: What should they be saying to their kids?

BECKEL: Yes.

TANTAROS: I don't know. Maybe a healthy message about ABCs. Whatever happened to ABCs?

BECKEL: You expect Al Qaeda to say that?

TANTAROS: I'm sure it's not the same in the Arab language, but you get what I'm saying.

BOLLING: Can I just point out? Bob, to your point, no. The Al Qaeda probably should do that. But the problem is, when they put this movie out, all the feedback from Muslims was positive.

CROWLEY: Right. And that gets to my point, which is, in the Muslim faith, there is a Koranic command to wage jihad. This is what they do. The Palestinians have been doing this for years, indoctrinating their kids.

(CROSSTALK)

GUTFELD: You have to have some faith in kids. They don't like to be preached to.

BECKEL: Let me say this -- they don't like us.

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