This is a rush transcript from "The Five," October 11, 2012. This copy may not be in its final form and may be updated.
BOB BECKEL, CO-HOST: I'm supposed to be talking to liberals in this block. Since there aren't any, I'm not worried one bit about that or what President Obama is going to do about winning in November, because he is. Even though the president acknowledged he had a bad night in the first debate, he's confident, too.
(BEGIN VIDEO CLIP)
DIANE SAWYER, ABC NEWS: That debate, what happened?
PRESIDENT BARACK OBAMA: Well, Governor Romney had a good night. It had a bad night.
SAWYER: How bad?
OBAMA: Well, it's not the first time I've had a bad night. But I think what's important is the fundamentals of what this race is about haven't changed.
(END VIDEO CLIP)
BECKEL: I think that's exactly right.
Here are some interesting facts if you put the polls in together now. Romney got somewhat of a bump from the first debate but the problem was in Ohio, Virginia, and Florida -- 92 percent of the people already made up their minds. After the debate, none changed. Undecided in those states, Romney did win the undecided votes.
But the fact remains in Florida and Virginia, Obama is still up by a point. Ohio up by six points.
More importantly, in Ohio, they already voted 25 percent of their voters. It's overwhelmingly Democratic now.
DANA PERINO, CO-HOST: I heard just the opposite.
ANDREA TANTAROS, CO-HOST: Yes.
BECKEL: Let me read it right from here. It says voters started in Ohio overwhelmingly Democratic and voted for the president by a wide margin.
TANTAROS: That is in your own handwriting.
BECKEL: It's not really.
ERIC BOLLING, CO-HOST: It's crayon.
BECKEL: Clearly not. That's how they get to you. Say things like that. It's not in my handwriting. I don't write well.
PERINO: He doesn't prepare.
TANTAROS: The absentee ballots -- the reports I've seen of the absentee ballots are actually in favor of Mitt Romney. They're at the same level that George W. Bush had in Ohio and Florida in 2004.
BECKEL: You are reading some place in the Wizard of Oz. These are votes of Gallup and Rasmussen and others. I don't trust Rasmussen poll.
But the point you have to make out there is here is the fact, the fact --
BOLLING: Can I ask you what it is?
BECKEL: Can I finish my damn segment?
BOLLING: Oh, sure. You said Gallup, Rasmussen and others. Is that the "Real Clear Politics" average?
BECKEL: It's our research right here. I don't know, Eric. It says right here.
BOLLING: All of that matters.
BECKEL: I understand that.
All I know is this -- is that this race really has not changed much in the base and internals. And Ohio will go for Obama. It has in fact -- despite Andrea misunderstanding that -- voted for the president.
Beyond that, here is the most important reason that Obama is going to win. And that is Mitt Romney.
And I make one last prediction and I turn it over to the panel. Obama will come out with a joke when he starts the second debate. He's going to laugh at himself, he's going to laugh at Romney. He will turn this whole thing in to a non-event in the second debate.
TANTAROS: The problem is the whole country was laughing at him just a week ago. So a joke is not going to fix a fact that --
BECKEL: That 92 percent of the people in Florida is still with him.
TANTAROS: The momentum is clearly breaking in Mitt Romney's favor.
BECKEL: That's ridiculous.
TANTAROS: He leads with independents by double digits. He leads with enthusiasm and intensity by double digits.
BECKEL: OK, let's have you come out and what will happen.
TANTAROS: The only thing I agree with you on is the fact he has a slight lead in Ohio. I wouldn't boast he has a one-point lead in Florida.
BECKEL: Well, this is not my numbers.
GREG GUTFELD, CO-HOST: I love how he said he had a bad night. Pompeii had a bad night. Not whistling in the dark. You're playing a tuba on the Titanic. You're denying how devastating the debate was.
Having said that, though, they had to pretend -- the Republicans have to pretend the debate never happened and they have to do it over and over again. Obama has a massive, massive edge in the media, who has their future to think about. If they're mean to Obama no more cocktail parties.
BECKEL: Greg, if it was overwhelming event, it would have changed these numbers a lot. I didn't change.
TANTAROS: You got to get Eric and Dana in here.
BECKEL: You want to guess who's going to win?
BOLLING: I hate polls. Here's the deal. I think it's momentum, momentum, momentum. Politics is going to reign, and right now, Romney has a momentum.
BECKEL: He had it. I think you're right. I think he had it. I think Obama is losing some over Libya certainly.
PERINO: I think that's what they talked about last night. Strategy, we have to start talking -- you can't talk yourself down, you're going to talk yourself up. So figure out a way for everybody to get real positive here.
In the morning, Biden brought him back from --
BECKEL: I think they'll do that.
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