Updated

This is a rush transcript from "The Five," November 11, 2011. This copy may not be in its final form and may be updated.

GREG GUTFELD, CO-HOST: The only thing worse than putting your party before your country, brown mustard. But also putting celebrities before your country. Sad but true. We have the first starry-eyed president who wilts like week-old romaine when Ted Danson enters the room.

The proof Obama punting on the Keystone pipeline. This pipeline which goes from Canada to the Gulf Coast would have provided 20,000 jobs and the unions even back it. But Obama put the decision off until after the election.

Why? He said he wanted to, quote, "make sure all the potential impacts are properly understood," end quote. Yes, that's what I say to cops when they find me in a tree outside Kimberly's place.

(LAUGHTER)

Americans build pipelines all the time and they're fine. So, what scared Obama?

Her.

(BEGIN VIDEO CLIP)

JULIA LOUIS-DREYFUS, ACTRESS: Remember when President Obama said let us be the generation that ends the tyranny of oil? Man, that was great! Except I just checked and right now, big oil is still pretty much running the show. See? An international pipeline like this one needs a permit directly from you, the president of the United States, the commander-in-chief, the big cheese.

(END VIDEO CILP)

GUTFELD: Yes. Now, celebs like Julia Louis-Dreyfus and Leo DiCaprio have made it a celebrity cause, putting the pipeline decision off until after 2012 guarantees they will back off now ensuring Obama the green support in the election.

And so, by putting the feelings of rich celebs before the needs of Americans, Obama dumped tons of jobs, making us even more dependent on the Middle East for oil.

But on the bright side, lady that played Elaine feels good about herself. And that's a key. This nation cannot afford to upset Julia Louis-Dreyfus. If she gets mad, can Courtney Cox far behind? America can't handle that, Brian.

BRIAN KILMEADE, CO-HOST: I know, I can't

KIMBERLY GUILFOYLE, CO-HOST: Barely surviving now.

GUTFELD: You weren't even listening. You were drifting off.

KILMEADE: I was just thinking I can't wait to go out later.

(LAUGHTER)

KILMEADE: Do you guys go out together afterwards?

GUILFOYLE: You know what we do -- we go to the green room and raid it. They have such delicious great crackers. He beats me. It's true.

JUAN WILLIAMS, CO-HOST: That's pretty sad.

GUTFELD: Brian, after the show, I do charity work. But now is not the time to talk about it. We're going to stick to the topic here.

You may do this on your show, whatever that show is called. Anyway, we don't have friends here. It's just "The Five."

Hey, Juan, is this pure politics on the president's --

WILLIAMS: It's politics. There's no question about that. It's a very difficult decision and it's one that's politically grated. If he had said you can go ahead and build a pipeline, I think a lot of people on the left would have been sorely disappointed.

He has already repealed a lot of the environmental laws that were put in place, and, you know, did that in terms of all the arguments that come from you, Greg.

GUTFELD: Yes.

WILLIAMS: -- about --

GUTFELD: Me specifically.

WILLIAMS: Hey, does this show beat up President Obama on everything?

GUILFOYLE: No, no, no.

WILLIAMS: Yes, yes, yes.

GUILFOYLE: Wrong answer.

WILLIAMS: But, anyway, he already did that angered so many of the environmentalists. I think on this one, he just thought, you know what? Let's just wait a second. Now, it's legit to say that there's real opportunity. There are Republican governors who don't want the pipeline.

KILMEADE: Nebraska.

GUTFELD: They don't count.

WILLIAMS: They don't count. Why don't they count?

ANDREA TANTAROS, CO-HOST: Well, that state doesn't matter to him politically.

WILLIAMS: Well, I said the Republican governor does not want the pipeline -- he thinks it's too dangerous. It's a health hazard to his people.

GUTFELD: Everything is a health hazard, though.

TANTAROS: What I find so interesting is Obama --

WILLIAMS: Wait, hold on. Did you hear what she said? He's responding to his constituents. What is wrong with that? That's good thing.

GUILFOYLE: I thought I'd lay it out for you.

TANTAROS: He is not responding to constituents because unions are supportive of this. So, they were two portion of his base at each other's throats.

What's interesting, politics, typically, you can screw your base because they have nowhere else to go. That's why Bill Clinton moved to the middle. But I think what he's doing here --

GUTFELD: Yes, he screwed his base.

GUILFOYLE: Only half of it. That's the problem.

TANTAROS: The unions have nowhere else to go, right? They're going to be with him no matter what.

KILMEADE: And so are the environmentalists.

TANTAROS: Here's what I think the White House is doing. They are so concerned about Mitt Romney. My Democratic sources tell me that the DNC is strictly focused on Mitt Romney every day. And because Mitt Romney has a more moderate view of climate change, he is thinking this time, I'm going to go with the environmentalists.

KILMEADE: Can I say how disappointing I am? Because I wake up every day willingly to be naive. I said if this president wants to be reelected, he's got to improve job situation and he's got to be forward-leaning. He's got to be able to look at independents and win them over.

It's a perfect opportunity to show leadership and improve the jobs situation directly. Put at least 20,000 people to work.

And can I also say? I made hard decision and put politics aside. And then he can go back on those bad Republicans don't pass my jobs bill act.

WILLIAMS: Let me go back to the great American Julia Louis-Dreyfus --

GUILFOYLE: Elaine.

WILLIAMS: Yes, Elaine.

GUILFOYLE: Don't make me do the dance.

(LAUGHTER)

WILLIAMS: Will you dance? I'll stop.

GUILFOYLE: Later.

WILLIAMS: Later. Who said right there, you know, look, if you want to do this, you are putting people accounts at risk. Big oil has been running this country forever. And you just want to say, big oil, because of jobs we're going to now let you do it once more.

GUTFELD: I'm glad you brought this up. Julia Louis-Dreyfus says, "big oil." Well, her, you know, you know what the Dreyfus Group is? It's a 152-year-old company that deals in U.S. and European markets, in crude oil!

GUILFOYLE: Right.

GUTFELD: She's worth like $4 billion.

GUILFOYLE: $3.8 billion.

GUTFELD: That's the research I did for the segment, Kimberly.

WILLIAMS: Very good.

GUILFOYLE: Her father is a very, very nice man. Elegant, charming. I will say that. And obviously very rich.

GUTFELD: Yes, obviously, he hit on you.

(LAUGHTER)

GUTFELD: Or should have. I'm sorry.

TANTAROS: I don't know why he wouldn't more like Andrew Cuomo, though, who the Democrat, governor of New York, who everyone thought he was going to punt the decision on hydro fracking in New York state and push it off. But he had the political courage to come out and support fracking. He is the governor that Obama said he would be.

GUILFOYLE: We got the punter-in-chief. Whenever there's a difficult. He punts, he delays. It's like, come on, show some leadership. We need some jobs.

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