The truth behind income equality

Why Obama wants it and Santorum doesn't


This is a rush transcript from "The Five," February 17, 2012. This copy may not be in its final form and may be updated.

GREG GUTFELD, CO-HOST: So, at the Detroit Economic Club, my favorite economic club, Rick Santorum spoke the ugly truth about income inequality. You know, I bet he'll say there is income inequality in America. There always has been.

And, hopefully, there always will be.


RICK SANTORUM, PRESIDENTIAL CANDIDATE: There is income inequality in America. There always has been. And, hopefully, and I do say that, there always will be.

Why? Because people rise to different level of success based on what they contribute to society and to the marketplace. And that's as it should be. We shouldn't have a society that has a president who envies or creates class warfare or envy between one group of people and another.


GUTFELD: Wow! He's tall compared to the building.

Now, that's just mean what he said. In America today, mean is bad, even if it's true. And the president's fair share stuff always sounds nice, because we wish fairness could be manipulated. But you can only regulate freedom of opportunity, not the result of such opportunity. That is forced economic equality is communism. If that's what you're for, fine, have the guts to admit it.

But the stealth socialism that's shrouded in social justice, it's just gutless. There's just no system that crushes inequality without crushing your will.

But still the belief that ambition is quaint grows. Freedom is really, really hard. So, why not sit back and let the government step in? And it will. Your surrender guarantees their survival.

Yet, I love how celebrities support fairness and then hit fundraisers in the Jimmy Choo's. Shouldn't they all wear Rockport slip-ons?

And I wonder if Obama would give up five of the six Hawaiian trips at the year so each of us at "The Five" could go? That's equality I could live with. Maybe Bob still has that Speedo.


BOB BECKEL, CO-HOST: What is that all about?


BECKEL: What's a Tammy shoes?

KIMBERLY GUILFOYLE, CO-HOST: No, Jimmy Choo is a shoe. We wear them.

BECKEL: Oh, you wear them.

DANA PERINO, CO-HOST: Ask your daughter. She'll know.

GUTFELD: She'll know.

BECKEL: OK. By the way, your comment there about squashing -- that is what he is asking for. Everybody has an equal shot. Nobody -- I mean, first of all --

GUTFELD: Equal shot is good. But equal results is --

BECKEL: That is one of those comments that Rick Santorum wishes he has back.

PERINO: I think that's scripted.

BECKEL: Well, if it was scripted, somebody does a bad writing because that's the kind of thing that will put in an ad against him if he ever gets to general election.

GUTFELD: Everybody would agree with that except for the Starbucks socialist.

BECKEL: No, no, that's not right. We don't agree. I think there's always going to be income gaps. There's going to be people on top, people in the middle, people below.

The question, do they have an equal opportunity to get there?

GUTFELD: Everybody --

BECKEL: Right now, they do not. Well, they do?

PERINO: So, why do you not have an equal opportunity like I still don't -- this is where I think President Obama is missing a link in his argument. Why is -- how is it that raising taxes on the rich then helps the poor?

BECKEL: Let me ask this question. Let's go back to more fundamental question. Last night, some place in south Bronx, a child was born to single mother, right, who may have been on crack.

PERINO: Chances are --

GUTFELD: Always on crack.

BECKEL: Wait a minute, and chances are, last night, somebody was born to white couple in Greenwich, Connecticut. Do you think those babies have an equal shot?


BECKEL: You're out of your mind. You're totally out of your mind.


BOLLING: There is inequality in every system. In fact, in capitalism in America capitalism, the income inequality is lesser, it's shorter than in socialist countries. So you want more inequality or less?

BECKEL: What I would like to do is not have it rigged for those on the top.

GUTFELD: Is this still a country that isn't rigged?

PERINO: Even if there were two babies born last night, one to a crack mom and one to a white couple in Connecticut, it still doesn't close the gap of President Obama's argument that raising taxes then helps -- I don't understand how it helps a young it person get a job, if he just goes on the government.

BECKEL: The amount of Head Start money.

GUTFELD: We could talk about this forever but I want to talk about Santorum's supporter, Foster Friess who is -- what a great name. On MSNBC, talking about birth control and Rick Santorum had a response with Charlie Rose about is he responsible for what his supporters say in they were talking about contraception. Roll it.


FOSTER FRIESS, SANTORUM SUPPORTER: This contraceptive thing -- my gosh, it's so inexpensive. You know, back in my days, they used Bayer Aspirin for contraceptives. The gals put it between their knees and it wasn't that costly.

SANTORUM: Hold on, Charlie, when you quote a supporter of mine that tells a bad, off-color joke and somehow I'm responsible for that, that's gotcha.

CHARLIE ROSE: But nobody said you were responsible, Senator.

SANTORUM: This is what you do, guys. I mean, you don't do this with President Obama. In fact, with President Obama, what you did was you went out and defended him against someone who sat in a church for, for 20 years and defended him that, oh, he can't possibly believe what he listened to for 20 years.

It's a double standard. This is what you pull off. I'm going to call you on it.


GUTFELD: Kimberly, he's got a point there. As silly as the joke was, Santorum was right nothing compared to the vitriol of --

GUILFOYLE: It's a total double standard. And, by the way, Mr. Foster Friess, I tried that, the aspirin thing. It doesn't work. So you know.

For the record, I don't want people to try this at home, you know? You'll be surprised by the outcome.

No, but you know what? I like Santorum. Oh, boy. I like Santorum's response. He is right to take it head on.

It's a double standard. They are holding him accountable for this guy's off color comment or joke. It's ridiculous.

GUTFELD: It was just a joke.

BOLLING: It's a joke.

GUTFELD: It's a bad joke.

BOLLING: OK, Greg. Foster, he had a history of just being a little flip, and he was having --

BECKEL: Every presidential candidate gets caught with contributor or somebody who's given them money, who's got bad backers. It's not the first time. Rick shouldn't feel so lonely out there.

PERINO: I thought that's bad.

But the difference, I think, the double standard to me in the media is that if somebody on the left says it, it's like, oh, it was just a joke.

It was taken out of context.

If someone on the right says something, then it's like, oh, then he

must really mean --


BECKEL: The mentality like that guy Friess, or whatever his name is, if he made it on that kind of thinking, maybe there is more equality in America.

GUTFELD: It's a joke.

GUILFOYLE: He is a businessman. Not a comedian.


BECKEL: That's for sure.

GUILFOYLE: All right.

GUTFELD: But, you know, anybody who say, that still says "gals" will have that kind of sense of humor.

BOLLING: And guess what, Bob? He may not have been Phi Beta Kappa but he made $5 million.


BECKEL: Different set of rules.

Content and Programming Copyright 2012 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2012 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.