This is a rush transcript from "The Five," July 22, 2011. This copy may not be in its final form and may be updated.
GREG GUTFELD, CO-HOST: So we're going to jump right into tonight with some poll numbers, that for the life of me I can't figure out. There have been some new results out this week. In particular, a Quinnipiac poll -- I pronounced it -- that showed 38 percent of Americans think Obama is doing the worst job they have seen when it comes to handling the country's problems. I get that.
What I don't get, in the same poll, Obama's job approval rating is 47 percent. That's like a difference of a million percent.
So what is it, America? You think Obama is an OK guy even though his performance stinks? No wonder I drink.
Juan, welcome to the program.
GUTFELD: Good to se you. You have big sweaty shoes to fill.
JUAN WILLIAMS, FOX NEWS POLITICAL ANALYST: Well, you know, I think -- I think when they say is I am light in the pants. I'm trying to, you know, substitute for Bob Beckel.
GUTFELD: Yes. If you look below the table, you will find an ankle monitor.
WILLIAMS: Oh, yes.
GUTFELD: I to ask you, what is with the contrast of the polls. They like him but not his job. How do you explain that?
WILLIAMS: Well, I think they do him. And I think that when it comes to the economic performance which drives the numbers, you know, it's compared to what. And if you ask them about for performance of Republicans on economic issues, it's even worse than President Obama, the congressional Republicans.
So what you see is that they are saying, you know, we don't like the way any of the politician in Washington is doing business. A pox on all of their houses, these are bunch of bums, and they're not doing job number one, which is producing jobs.
GUTFELD: Eric is laughing -- Eric.
ERIC BOLLING, CO-HOST: I'm chuckling, Juan, because you're talking about the congressional approval ratings --
BOLLING: -- around 12 percent. And you're pointing out it's Republican congressional.
BOLLING: The Democrats are in that group, too, are they not?
WILLIAMS: They certainly are, but they have lower rating than Democrats in the Congress.
BOLLING: Well, one is 12 and one is 14.
The bottom line is Obama, the worst the job that these people have ever seen in their life. Thirty-eight percent of them say, the worst, the worst president ever.
ANDREA TANTAROS, FOX NEWS POLITICAL ANALYST: But the fact that he's likeable is the reason that he's still been able to defy gravity, as ABC News said this week.
TANTAROS: But, look, If you look at every demographic that he won overwhelmingly, Hispanics, women, independents -- they are breaking off from him and it's got to be with the economy and jobs. He just hasn't delivered.
GUTFELD: Kimberly, do you know who he reminds me of? He reminds me -
- everybody knows this person. It's a guy at work who gets away with murder because he's so charming like Bill Hemmer.
KIMBERLY GUILFOYLE, CO-HOST: Nice. Handsome and disarming.
GUTFELD: Yes, Obama is basically -- he is Bill Hemmer of presidents.
GUILFOYLE: I think you're right. But guess what? The mainstream media thinks so, too. New York Times, MSNBC big old love affair -- put his face in heart like this and he' still getting bad numbers. Are you kidding me? How do you do that?
When everybody loves you, you got the Franklin (INAUDIBLE), you've got the commemorative coin, you remind everyone of Bill Hemmer and you're still not poling well. Explain that.
GUTFELD: But to be fair, Juan, he's also historic -- an historic president. And that, you know, it made it --- he's kind of inoculated him against a lot of criticism for a while.
WILLIAMS: What kind of nonsense is that?
WILLIAMS: So he's a black guy and that's why he got good numbers?
GUTFELD: I didn't say --
WILLIAMS: Oh, get out of town.
GUTFELD: Historic candidate.
WILLIAMS: -- to talk about male -- white male insecurity on your part. You know what? That's tough.
GUTFELD: You are worse than Beckel. Bring back Beckel.
WILLIAMS: What a ridiculous thing -- look, the fact is that if you look right now at these debt ceiling negotiations that are hot in Washington, everybody's back and forth. The Democrats, in fact, are up in arms at President Obama. They got real problems with him, cutting too deeply into entitlements.
You know what? You ask the American people who's to blame -- guess what? They don't blame President Obama. They blame the Republicans. That helps Obama. He's the one that seems like making a deal.
GUTFELD: But the public is dealing with not just the administration's spin, but the media spin. It's two against one, right?
BOLLING: Please, Juan, where are you coming up with your figures and your facts? The American people are mad at the Republicans? They're ticked off that Obama, the one who is driving the economy, not only into the ditch, out of the ditch and into the abyss -- 14 million people out of work. Gasoline: $4 a gallon, on it's way to $6. Who knows what?
WILLIAMS: Most Americans realize --
BOLLING: They look at the "hopey-changey," and they got something different.
WILLIAMS: You're the guy that says don't worry about the debt ceiling. It's just a farce. But let me just say that most Americans, including your people
WILLIAMS: -- your old pals at Standard & Poor's and Moody's, they say, you know
GUTFELD: We got to move on.
TANTAROS: We cannot default on our debt.
GUILFOYLE: Right. So, where is the president's plan, Andrea? I mean, c'mon! There's leadership you can believe in.
GUTFELD: Kids, we're going to get to that in a second. I'm going to talk about another poll.
GUILFOYLE: OK, daddy.
GUTFELD: All right. This is from Ashley. Get this one. It's a Democratic pollster called the Public Policy Polling Institute. I don't even know if that is the real name, PPP. P-cubed as we to call it.
They show that candidates for president next year, Barack Obama and Mitt Romney, who would you vote for? They're equal at 45 percent. That's pretty amazing. And he's lost a lot of numbers among independents.
BOLLING: Not only that, Greg, the poll -- I hate to do this and we probably don't have it. Last week, we talked about the generic candidates.
Juan, Obama loses handily against the generic candidate for the Republican candidate. If that -- look, he can't win.
TANTAROS: If the election were held today, Juan, do you really think that Barack Obama win?
WILLIAMS: In a cakewalk.
TANTAROS: You are the minority.
WILLIAMS: I don't know. Look, I'm a minority at this table. But I got to tell you something, the fact is, you guys cherry pick little numbers. Not one of the Republicans running for president right now in a head-to-head beats Barack Obama. OK?
And it's news. I tell you what the news -- the news that actually is good news for Romney. This is one of the first times I think --
TANTAROS: You're right.
WILLIAMS: -- may be the first time that he's actually tied Barack Obama. And let's put this all together. Earlier, we're talking about how bad his numbers were in terms of handling the economy. So, even with his numbers in the tank --
GUTFELD: That goes to early poll.
TANTAROS: Look at George H.W. Bush. He got a very hero moment when he liberated the Kuwaitis. Juan, you remember, he was up to 90 percent approval rating. Barack Obama, he came in overwhelmingly popular. He blew his mandate, I think, when he went after Obamacare and he didn't go after jobs.
And I really think that the economy, when you look at the job approval number, you look at George Bush at the time, it sunk to 32 percent. I think Obama keeps ticking downward. It's still in high 30s or low 40s in some polls, but, Juan, if we're not creating jobs, that number is going to be the exact same thing that I think hurt --
GUILFOYLE: Yes, that is what did in McCain, by the way, when he ran, you know, against him.
And bottom line is: the economy is not doing well. He didn't come up with a debt plan. He's hurt us with Obamacare. He's waged war against small businesses, entrepreneurship. He's taxing us to death.
WILLIAMS: I'm all for holding people, politicians accountable. But the Obama hating that is going on here --
GUILFOYLE: There is no hating.
GUTFELD: I like Obama. I like America.
WILLIAMS: I love America.
Let me ask you a question. Are you hearing good ideas? Better ideas from somebody saying, oh, we have better ideas for how to get the economy going?
GUTFELD: The Tea Party.
WILLIAMS: Get out of here. You know what?
GUTFELD: That's why we have new Congress.
WILLIAMS: Why don't we take Rick's advice and blow through the debt ceiling? That will help the economy.
BOLLING: Let me clarify what you just said. No one here hates Obama.
I don't hate Obama. I hate his policy. I hate what he's doing to America.
WILLIAMS: So, that was your feeling about our former president, too?
BOLLING: What are you talking about?
WILLIAMS: The guy who drove us into this ditch.
BOLLING: Five percent unemployment. Now, we have 9
WILLIAMS: Oh! Oh!
TANTAROS: There were moments that George Bush did not act like a conservative and he acted more like Barack Obama, and that's where I have issues with Bush.
WILLIAMS: Oh, my gosh, you are equating Bush and Obama now. I don't know if that's good for Obama or bad news for Bush.
TANTAROS: One is a big spender and someone a really big spender
.GUTFELD: All right. Everybody follow this pen, OK, OK? Look at me.
Juan, we were in the green room and you said, "I hope I run a clip of Rush Limbaugh." You said that to me earlier. And you're lucky , I found it.
WILLIAMS: You got it?
GUTFELD: Yes, I did.
The other day before Rush was urging the Republicans not to cave he played an old clip of a show listening to himself. So, in a weird, surreal way, we're going to listen to Rush listening to himself. My head may explode.
(BEGIN VIDEO CLIP)
RUSH LIMBAUGH, RADIO TALK SHOW HOST: Ladies and gentlemen, losers compromise. Winners do not compromise. The Democrats won nothing.
Winners do not compromise, which is why I have been asking the Republicans in the House and in the Senate -- don't cave. You are the winners. You hold the cards.
(END VIDEO CLIP)
GUTFELD: Eric, I bet you disagree with everything he said.
BOLLING: This man is so on it. He's 100 percent right. We have the ball. We were winning. We turned the House to Republicans a couple of months ago.
We had "cut, cap and balance," which was going to actually do something good for the economy, not just some ideological B.S. that's going around Washington right now.
And then McConnell and Boehner somehow got together and fumbled the ball, hand it over. Pelosi fell on it and Reid fell on it, and now, all of a sudden, we're lost again. Republicans had it and lost it. There is still time, though.
"Cut, cap and balance" has to come back.
WILLIAMS: Let me get this straight. Republican have pushed President Obama to make deep cuts that he didn't want to make and he's pushed them now -- they pushed President Obama so far that he is alienating people on his left and Republicans still refuse to say we won?
TANTAROS: Juan, why didn't he want to make cuts? Juan, why didn't he want to make cuts?
TANTAROS: Why wouldn't he want to make cuts?
WILLIAMS: Because we are in the middle of a recession and he wants more money to stimulate our economy.
GUTFELD: You can't spend your way out of spending crisis. We've learned that.
GUILFOYLE: This one is getting over the edge. But sides looking over the precipice and who wants to call wolf first and push the over the edge.
I think there's going to be severe repercussions. They got to get it together.
TANTAROS: Kimberly and I can't spend our way out of the spending crisis at Bloomingdale's.
WILLIAMS: I was saying before I was a minority at this table, but it's just that you and I and maybe the beautiful ones, we are the majority at the table. Good looking, smart people.
GUTFELD: By the way, Juan, you are locust (ph). You hate unattractive people.
WILLIAMS: There it is. There it is.
Content and Programming Copyright 2011 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2011 CQ-Roll Call, Inc. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of CQ-Roll Call. You may not alter or remove any trademark, copyright or other notice from copies of the content.