Updated

This is a rush transcript from "The Five," March 6, 2014. This copy may not be in its final form and may be updated.

KIMBERLY GUILFOYLE, CO-HOST: Hello, everyone. I'm Kimberly Guilfoyle, along with Bob Beckel, Eric Bolling, Dana Perino, and Jesse Watters.

It's 5 o'clock in New York City, and this is "The Five."

(MUSIC)

GUILFOYLE: It's happened again. President Obama's approval number has just hit a new record low. According to a new FOX poll only 38 percent of Americans approve of his performance, and it looks like the country is ready for a new president and Republicans are looking for an answer in 2016.

Well, the annual CPAC convention kicked off today near Washington, D.C., with some big names took the podium to try to re-energize the GOP.

(BEGIN VIDEO CLIPS)

SEN. TED CRUZ (R), TEXAS: You want to lose elections, stand for nothing. Look at the last four congressional elections, '06, '08 and '10 and '12. Three of the four we followed that strategy, '06, '08 and '12, we put our head down, we stood for nothing, and we got walloped. When you don't stand for principle, Democrats celebrate.

SEN. MARCO RUBIO (R), FLORIDA: Because their policies fail, they resort to what the left always resorts to, dividing people against each other. More than any other administration in modern American history, they go to Americans that are struggling and they tell them the reason why you're worse off is because someone is doing too well. This disunity they have created in our country is unacceptable, and it is holding us back from that American century.

GOV. CHRIS CHRISTIE (R), NEW JERSEY: We don't get to govern if we don't win, and it's not only bad when we don't get to govern because we don't get to mold and change our society. What's worse is they do, and they are doing it to us right now. So, please, let us come out here and resolve not only to stand for our principles, but let's come out of this conference resolved to win elections again. That's what I intend to do for the next year, and I hope you'll join me. Thank you very much.

(CHEERS AND APPLAUSE)

(END VIDEO CLIPS)

GUILFOYLE: He's a good speaker. You got to give him that.

So, a lot of energy, perhaps revitalized, reinvigorated because of the fact that you've got this new FOX News poll out showing 38 percent. This is not a good number for the president. I mean, I don't think anybody at this table is going to disagree.

Look at that -- approval rating, 38, disapproval, 54.

There's really no way, I don't think, that you can spin that. I don't know.

What do you think, Eric?

ERIC BOLLING, CO-HOST: I think, first of all, that is like, I don't know, Woodstock for a guy like me, would have loved to have been then, Christie, Palin, Bannan (ph) --

(CROSSTALK)

BOLLING: Unbelievable, for a conservative wish I was there.

However, President Obama's approval rating hits a new all-time low as CPAC kicks off and then Trump and Bobby Jindal use the opportunity to say, "Guess what, Jimmy Carter, we apologize to you. All those years we've been calling you the worst president. We're not going to do that anymore." And they hand that honor to President Obama.

It was -- you know what, look. This is the time of year when conservatives kind of get a feel for where they are headed, where the party is headed over the next few years. Remember, Rand Paul won the straw poll last year so these speeches are going to be very important and he'll speak tomorrow, see how he does, but --

GUILFOYLE: Gosh. Time flies.

BOLLING: Last quick thought, rumors or whispers this Chris Christie was going to get booed at CPAC when he took the podium today. Turns out he got a standing ovation. So that kind of tells you, maybe the conservative movement is kind of looking for that one guy that can --

(CROSSTALK)

GUILFOYLE: The speech that, you know, that's good, that perhaps anybody thought they thought they would boo, Dana, decided not to.

DANA PERINO, CO-HOST: Well, I think some pent-up media treatment of -- the media's treatment of Chris Christie, and people think that it was unfair. I think the pre-speech spin for Christie was very good. I think - - I didn't watch the speeches because I was traveling, but I watched it with the way I think I think a lot of people are starting to watch it, which is in on Twitter, I read all the people's commentary about the speeches as it came through, for Rubio, Cruz, Paul Ryan this morning.

And I think that this is -- it's a red meat kind of day. People love it, even though, Eric, you're not a red meat eater, but we're working on that, and then you can go to CPAC. That's what it's going to be.

(CROSSTALK)

PERINO: I think I've just hit upon what I needed.

GUILFOYLE: Bob, before I let Jesse pounce on you, what do you have to say for yourself, gentleman, to my left?

BOB BECKEL, CO-HOST: This is my favorite time of year when CPAC meets because it just shows the American people how far near the edge of the cliff they are. Another couple of days they will drive over it. I mean, Eric wants to be there because it's his Woodstock. I was at Woodstock, and I can tell you something, nobody would -- we wouldn't have gotten 16 percent of the vote nationwide coming out of Woodstock.

I mean, the problem with this is --

GUILFOYLE: And you're still taking antibiotics from it. Anyway.

BECKEL: I don't need to get into that.

But the point is you look at this poll. Yes, Obama's not popular, but he's not running again. Got to have somebody to be up against him, right, and who do they not invite to this thing? They don't invite the highest elected Republican in the country, Boehner. They refuse to invite him. They don't invite Jeb Bush, who is the most electable of all the candidates.

What do they do? They all go there and they all deliver that right wing spew and everybody stands up and cheers. They've got to keep in mind, they are so far away from where the middle of this country is, where elections are run, that keep it going. I wish they'd run it for three months. I'd be happy for that.

(CROSSTALK)

JESSE WATTERS, CO-HOST: If you're at CPAC and you're a conservative, you really have to be careful because there are a lot of liberal plants. There's liberal media. They are scurrying around trying to find anything racist, anything they can plaster all over the television.

PERINO: So you can ambush them with the video.

WATTERS: I don't ambush. I just confront people and ask gentle questions. So, you really watch what you say because they will make a huge deal out of it, OK?

And back to the poll, Bob. The president has gotten his approval rating down five points since the O'Reilly Super Bowl interview.

GUILFOYLE: Oh my God.

WATTERS: Any coincidence there? I don't know. I think there might be some connection.

PERINO: Oh, really. Wow.

BOLLING: Wow.

GUILFOYLE: Job security, job security.

WATTERS: No, in all seriousness, one of the big reasons it's dropping, it looks like it's foreign policy and people think the country's image is really down. I think 60 percent of the country thinks we're in a weak position internationally, and I think a lot has to do with Ukraine. People don't digest --

BOLLING: Five years they are just realizing now that we're in a weak position internationally?

PERINO: I disagree.

WATTERS: They don't digest Mubarak. They don't digest Iran. They understand Cold War. They understand Putin, macho, Cold War, two big guys coming together and Obama looks weak because he's not responding, they get that.

PERINO: Wow, you look really tall.

(LAUGHTER)

GUILFOYLE: See that camera shot. I was thinking the same thing. Used to the cute little book ends.

PERINO: Wow.

(CROSSTALK)

BECKEL: Who did that haircut for you, man? Look like somebody put a bowl over your head.

PERINO: Can I say I totally disagree with Jesse on the reason for the poll dropping. I think it's sustained and durable because -- mainly of ObamaCare. Secondly, the economy, maybe those two combined and that Ukraine is like the straw that broke the camel's back, but I don't think that the president's poll numbers have gone down because of just that in particular.

Just from my point of view, just when you think your president's poll numbers can't get any lower, they do. But I think that President Obama is about to hit a bottom with his -- because I think that there's about 33 percent in the country, at least, that will support him no matter what, unless there's some major crisis --

GUILFOYLE: Yes, I think you're right.

PERINO: -- that turns them away.

GUILFOYLE: Given plus or minus 3 or 4 margin of error.

BOLLING: You're happy with a 38.

PERINO: I would have been happy with a 38.

GUILFOYLE: How low can we go?

BECKEL: If that were the base of the Democratic Party --

(CROSSTALK)

BOLLING: But don't forget, we're talking about a guy that could walk on water for the first two, three years of his presidency, remember that?

GUILFOYLE: You know what's so weird, just Tuesday, whatever, I was in the O'Reilly green room, it's true. And Alan Coombs (ph), there's your guy. Well, he's not our guy. Progressives don't like him. Like he's not doing enough for them, so there is the 33 percent perhaps that is happy that no matter what Obama does, they will see it in a way favorable to him because they believe in his core principles and ideology.

But I just want to turn this around for a sec here because I wanted to ask you, Eric, something about CPAC, party unification. We talked a lot about that on this show. Here's an opportunity going into CPAC to show a united front.

You bring up a point, Bob, they didn't invite Jeb Bush, John Boehner, the speaker, wasn't there. Do you think that was a mistake? Is that a good choice, message to send to the country?

BOLLING: Wow.

(CROSSTALK)

PERINO: I've got a great answer on that after him.

BOLLING: Remember, they didn't invite Chris Christie last year.

GUILFOYLE: Right.

BOLLING: Right? So he comes back this year and gets a standing ovation. Really what CPAC does is who is on the spotlight right now, who are they looking at, who are they focusing on, and don't forget.

Some of the satellite speakers are really, really important, Ben Carson, Sarah Palin. These people -- Dave Bosse (ph).

(CROSSTALK)

GUILFOYLE: They excite the party.

BOLLING: Mark Levin.

BECKEL: How about Donald Trump?

BOLLING: These people -- oh, OK.

GUILFOYLE: Donald Trump, too.

BOLLING: He may still run.

(CROSSTALK)

BOLLING: Here's my point though, that the conservative movement is - - it's alive. It's kicking. We're covering it. Everyone is talking about it.

GUILFOYLE: Alive and kicking like Jean Claude Van Damme.

BECKEL: Dana put her finger right on about Christie. It's because Christie was beat up by the liberal media, the reason he got a standing ovation, that's why they brought him in there to spite the liberal media.

PERINO: That's all right. It looks they're interested.

(CROSSTALK)

BECKEL: But it didn't unify anything.

PERINO: For the invitation today, I do think if you look at one of the people that -- I don't think he got a standing ovation, doesn't matter, got a good reception, was Mitch McConnell of the Senate. To me, 2014 right now is so much more important than 2016. The House is probably solid for the Republicans, but what matters for the future of the country, if you think this is the most important election cycle of your life, then the Senate, winning back the Senate is the most important thing. And Mitch McConnell, that's why he was there this morning.

GUILFOYLE: The focus should be there. I think you're right. Great point.

WATTERS: I think Christie is getting a little bit of a raw deal here. He came out with the speech, a little soft and turned it on and people gave him a huge round of applause. I know he booted the RNC speech and I know he booted the Sandy thing, but I think if he gets out in Iowa in those diners and he starts pressing the flesh and shaking hands, he's going to resonate with the regular folks.

He's a prosecutor. He can rip people's throats out in a debate, will rip Hillary's throat out, he can raise a lot of dough. He's plugged into the Bush money machine, the Romney money machine. I think he's got to break bread with some conservative talk radio guys. I think he's a still long way away from being written off.

BECKEL: Jess, most Republicans that caucus in Iowa are evangelical Christians and right-to-lifers. That is one place he will not do very well.

WATTERS: He is a social conservative, pro-life, and he made a great point about being pro-life today.

(CROSSTALK)

GUILFOYLE: OK. Yes, I'm trying, hello.

All right. So we've been dancing around it. Let's Sasha (ph) straight in. Trump?

(BEGIN VIDEO CLIP)

DONALD TRUMP, BUSINESS MOGUL We have a president that just today came out with his lowest job approval rating, 38 percent, and -- and -- yes. You know, I'm so torn, because actually in a certain way, I'd love to see him do a great job. I'd love to see him put the country back. I'd like to see him bring the country back, but we all know it's not going to happen. We're getting into Jimmy Carter territory.

(END VIDEO CLIP)

GUILFOYLE: A lot of people agree with that, Bob.

BECKEL: What is -- what is this guy doing at a political convention? I mean, Donald, build buildings, OK, I'll give you that, set a new style on hair, you got a lot -- but you don't know politics, man. Get out.

You're not going to run. You know you're not going to run. You want the attention to be up there. Why are you there? Bugs bunny up there.

GUILFOYLE: By the way, Bob, sound a little jealous, I don't know, but --

BECKEL: I'm jealous of his money.

GUILFOYLE: People like to hear Trump speak.

BECKEL: I know more about politics in this little finger than that guy --

(CROSSTALK)

BOLLING: The guy who is supposed to know the most about politics and the most admired is Barack Obama --

GUILFOYLE: Thirty-eight percent.

BOLLING: With 38 percent approval rating.

So, knowing a lot about politics doesn't mean you're, (a), you're going to facilitate change going forward, (b), going to be popular going forward. Donald Trump is a popular conservative right now.

BECKEL: You know, only -- only -- if Barack Obama ran again, any Republican would beat him except for this guy.

GUILFOYLE: Let me tell you something. You can -- you know, you can dismiss him all you want, but, you know, he has a message that resonates. He was gracious and said, hey, he's my president, I wish he was doing things that would turn around the country, but he's a realist and said we've given him plenty, ample opportunity to do something, to head the country in the right direction with the economy and jobs, international, foreign affairs, any of this and it hasn't.

BECKEL: What is it about all you people who live in New York City that you kiss this guy's butt all the time?

GUILFOYLE: Well, because I bought an apartment in the Trump building before and it really did well.

WATTERS: And to Kimberly's point, here's why he connects with people. He's a blue collar guy, OK?

BECKEL: A what?

WATTERS: He may have all this money.

(CROSSTALK)

BECKEL: He got a pink collar.

WATTERS: But he connects to blue collar Democrats. He talks trade. He's tough on China. He's tough on a strong dollar, and he makes a lot of sense.

GUILFOYLE: You agree with him about China.

WATTERS: He handles the press masterfully. He dismisses these guys. Has them eating out of his hand. The conservative base respects that.

BECKEL: Would you want this guy to run for the president of the United States, seriously?

WATTERS: He has ran.

BECKEL: He never got in. He gets out real fast. He keeps getting out.

The guy is -- I mean, he's a nice guy, but it's a joke when it comes to politics.

(CROSSTALK)

GUILFOYLE: More votes to Mondale.

BECKEL: I know you had to bring that up, that's fine.

(CROSSTALK)

PERINO: That we spend entirely too much time as conservatives, Republicans or even on this show talking about 2016. When with a really matters for the direction of the country is the election that happens six months from now.

BOLLING: Can I add to that? Can I add? Twenty-nine Republican governors in America right now and keeping 29 or more.

PERINO: Yes.

BOLLING: (A), it's been great and (B), it's really important going forward.

PERINO: But the economy in particular.

(CROSSTALK)

PERINO: I think on the governor -- I think the governors are in trouble, and that's one of the reasons that Chris Christie was there is because 2014 matters a lot for these governors. He's the head of the Republican Governors Association. He raised a lot of money in January and February, so the bridge problem didn't taint him that way.

GUILFOYLE: Right.

PERINO: So, he's got some crawling back to do. But I think 2014 is so much more important.

BECKEL: They should win the Senate back this year, but once again Republicans will figure out how to grab victory --

GUILFOYLE: You know, we'll see about that, Bob.

PERINO: We spend all our time talking about 2016.

GUILFOYLE: Well, OK, but we're talking about 2014. We're going to stay on that because Dana is right. Don't bury the lead. It's all about 2014.

BECKEL: Why do you keep talking about Obama?

GUILFOYLE: Next, the fastest seven because --

PERINO: Because he is the lead.

(CROSSTALK)

GUILFOYLE: The fastest seven, liberal lunacy edition. Harry Reid essentially calls his own constituents liars, and the chair of the DNC called what happened at the IRS hearing yesterday like Russia invading Ukraine, and nutty professors at Rutgers call on the university to cancel Condoleezza Rice as a speaker, and you're going to hear from one of them.

(COMMERCIAL BREAK)

BOLLING: Welcome back, everybody.

The fastest seven is back. You know the drill -- three engaging stories, seven energetic minutes, one effusive host.

Today, the liberal loon edition. First up, crazy Harry Reid who has no shame, no shame, using the Senate floor to play politics -- may want to consider this approach.

Remember when he claimed all ObamaCare horror stories were fabricated by the right.

(BEGIN VIDEO CLIP)

SEN. HARRY REID (D-NV), MAJORITY LEADER: There's plenty of horror stories being told. All of them are untrue, but they are being told all over America. But in those tales turned out to be just that, tales -- stories made up from whole cloth, lies, distorted by the Republicans to grab headlines or make political advertisements.

(END VIDEO CLIP)

BOLLING: Lies, huh? Well, guess what, Senator? Union workers on the Vegas strip, you know the Las Vegas-Nevada Strip, your state are ready to go on strike saying ObamaCare costs are killing them. Hey, Harry, it's happening in Vegas, but it's not staying in Vegas.

K.G., can you believe his own state, union workers, are pushing back on ObamaCare?

GUILFOYLE: Well, you know, because it's that bad. Good for them. I hope they get vocal. I hope they do something about it because they seem to be the only people that he wants to listen to, so there you go. It's coming home to roost for them because they shouldn't have support it to begin with.

BOLLING: Mr. Beckel, Harry Reid on the Senate floor said all these horror stories are made up by Republicans.

BECKEL: You know, first of all, you said something that was really shocking to me that there's politics on the Senate floor, my goodness. I didn't know that.

I wouldn't call this a horror story. I would call this a union with very good health care benefits. And now, they have to pay a lot more for it. Of course, they don't like it on would like their old plan back. They're not going to be able to get it back.

But what they don't seem to recognize health care costs are going to go up anyway, with or without ObamaCare. And at some point, they'd have to pay their fair share. They get free health care now.

BOLLING: You don't want to address Harry Reid saying all the stories are made up?

BECKEL: No, I don't think it's a horror story. I think it's self -- to them, it's their health care and they want to keep it and they can't. That's not a horror story to me.

A horror story is the crap you make up about some old lady who can't get an operation on her gall bladder?

(CROSSTALK)

GUILFOYLE: What?

PERINO: Well, I think a critical thing is what people are reading in their local papers because that's where you see the granular anecdotes of people that are having serious problems. In addition to that, I think that he's about to see some horror stories come from doctors.

Steven Hayes of "The Weekly Standard" has a long feature piece about the new codes that are required for all -- for doctors to put in for anything that they -- if you walk in with a jelly fish sting, there's a specific code for that. It's adding thousands of dollars to the compliance cost for doctors. They are confused by it, and the administration won't work with them to try to extend the deadline to try to figure it out.

GUILFOYLE: Terrible.

PERINO: So it's not just the consumer, it's now about to be the doctors as well.

BOLLING: Jesse, talk a little bit about union workers in Nevada pushing back on ObamaCare, pretty rattling.

WATTERS: I mean, it's pretty ironic. And the fact is that when Harry Reid says, you know, Obama's lie of the year, that, you know, if you like your health care plan, you can keep it, you know what he said about that? He said it was true. OK, and then last year, remember he said Romney hadn't paid 10 years of taxes.

GUILFOYLE: Remember that?

WATTERS: Fact checkers called that a lie. So he likes to tell a few whoppers himself, but what he's doing is using the Koch brothers as the new boogie man. That's what the left wants to do. They want to put these guys up there --

BECKEL: Well, they are.

BOLLING: Hold on.

WATTERS: -- with big oil and Bush and FOX News and Rush.

(CROSSTALK)

BOLLING: Hold on, we've got to go. We've got to go on with the next one.

The next liberal loon to make the fast seven, DNC Chairwoman Debbie Wasserman Schultz.

Now, Congresswoman, we think you might need to see a doctor. Something must be wrong. Are you feeling OK? Because we can't imagine where in the world you came up with this leap.

(BEGIN VIDEO CLIP)

REP. DEBBIE WASSERMAN SCHULTZ (D), FLORIDA: In the last couple of weeks in which we have been on both sides of the aisle, standing up for the rights of the oppressed trying to make sure that in Venezuela that -- that dictators there aren't shutting down the opposition, the same thing in the Ukraine, it -- at the same time you have a chairman of the Government Oversight Committee literally electronically cutting off the mike of the opposition to prevent him from having any say or participation in a hearing.

(END VIDEO CLIP)

BOLLING: So, really, Darrell Issa joining a committee meeting is the same as Putin killing 84 protesters and occupying a sovereign country. Dana, what a leap.

PERINO: It's more than moral equivalency of anything to try to advance their political position.

I'm curious what the steps the administration is taking on Venezuela are because that is a story that is actually unfortunately fated to the back pages of the newspaper instead of being on the front.

I do think, however, that yesterday's hearing was very important about Lois Lerner and the IRS. Americans deserve to know before. I think it's important to have a hearing.

But because of what happened and losing control for a moment or whatever it was, maybe it was -- whatever Darrell Issa decided to do, what have we talked about all day long instead of Lois Lerner pleading the Fifth, talked about this controversy between Issa and Cummings, which was absolutely unforced error.

BOLLING: Go ahead, Jesse.

WATTERS: I'm a little confused on something because the left likes to praise Venezuela. You know, you have Oliver Stone going down there and Sean Penn, hailing that government. And now, all of a sudden, the left is using it against the right?: I don't think they are on the same page.

BECKEL: You're doing what I usually do, what about your man Darrell Issa, huh?

WATTERS: Here's the subject with that. Darrell Issa actually gave Cummings a chance to ask a question --

BECKEL: No, he didn't.

WATTERS: -- during the hearing. He didn't have a question so he knocked and adjourned, and then all of a sudden comes out, he says, oh, all hell breaks loose.

BECKEL: I've been around Washington 30 years -- two things happened, I've never seen a chairman break off a committee meeting like that and, two he broke the rules.

(CROSSTALK)

BECKEL: They have to have a vote. He did and he stood up like a little cry baby he is. Issa is one of the worst chairmen you could imagine.

BOLLING: Bob, will you stop for two seconds, and Jesse, stop, please? Because Dana is 100 percent right. You have someone on right saying, look, it was Cummings, you have someone on the left saying, look, it's Issa -- and Dana is 100 percent right, Kimberly, that it was Lois Lerner who said, "I'm pleading the Fifth so I don't incriminate myself" again.

GUILFOYLE: Right --

BECKEL: Right, it was your little baby boy that cut the video.

GUILFOYLE: -- because she's never going to answer the questions, never going to answer any of the questions the American people have because she's hiding and she's ducking because she knows that she's guilty.

But it's an abomination. There's no justice here and it's just appalling.

BECKEL: You think that's the reason Issa becomes a cry baby about that.

GUILFOYLE: I didn't say anything about Issa.

BECKEL: Almost indicted cry baby.

GUILFOYLE: Oh, come on.

BOLLING: We need to get this one in -- the final liberal loon, academia, all those liberal professors who claim to --

BECKEL: Every one of them.

BOLLING: -- opposing views, how do you explain this? Rutgers invited Condoleezza Rice to make commencement remarks. The event was unanimously approved by the Rutgers board of directors. All set, right?

Well, no, liberal academia intolerance stepped in and now, the faculty -- the faculty wants Rutgers to pull a plug on the Rice appearance.

Bob, I'm going to start with you on this one -- all of the liberal academia --

BECKEL: All the -- I think it's a big mistake on their part. I think -- even though the student newspaper came out in favor of what the faculty did.

Condoleezza Rice has a lot to offer, may not agree with her, but any graduation -- when they say they don't want politics at graduation speeches, give me a break. Every one --

GUILFOYLE: Every one is political.

BECKEL: I think she can probably say something -- I may not agree with her but the idea of cutting her off and not having her there.

GUILFOYLE: She's a former professor. She's a learned woman.

BECKEL: I was agreeing with you --

GUILFOYLE: I agree with you.

BECKEL: You don't have to raise your voice on me.

GUILFOYLE: I agree with you. It pisses me off because guess what? She's a woman, an accomplished woman, OK, a woman of color, minority. If the right did this you can't even imagine, but they are getting away it and it's shameful. They're only so lucky to have Condoleezza Rice come speak.

PERINO: She actually is a current professor at Stanford. She runs Hoover Institute. Her classes are the most popular at the university. In addition, she's not going to give a political speech at a commencement address. She's going to talk about her life story which she wrote a book about, and how her mom and dad helped her through education, achieve amazing life goals, not just in politics, but in business as well as she's a concert pianist.

BOLLING: All right.

WATTERS: Lastly --

GUILFOYLE: And a great golfer.

PERINO: True.

WATTERS: Lastly, Snooki was paid $32,000 to speak at Rutgers.

BECKEL: You're kidding me.

PERINO: Are you serious?

WATTERS: Condoleezza Rice not OK. Yes, just a couple years ago.

(CROSSTALK)

BECKEL: (INAUDIBLE) paid to speak.

BOLLING: Coming up -- President Obama issues an executive order to punish those violating the sovereignty of Ukraine. That, plus breaking news overseas. Shep Smith like from Kiev, coming up next.

Hey, Shep.

(COMMERCIAL BREAK)

PERINO: New development on the crisis in Ukraine. Today, lawmakers in the embattled region of Crimea unanimously voted to hold a referendum to secede and join Russia. In 10 days, the citizens of Crimea will vote on that.

Here at home, President Obama issued an executive order to impose sanctions for violating the sovereignty of Ukraine. He delivered a statement at the White House earlier.

(BEGIN VIDEO CLIP)

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: These decisions continue our efforts to impose a cost on Russia and those responsible for this situation in Crimea. If this violation of international law continues, the resolve will be the United States and our allies and the international community will remain firm.

(END VIDEO CLIP)

PERINO: And today in Ukraine, the interim prime minister spoke and said this.

(BEGIN VIDEO CLIP)

ARSENIY YATSENYUK, UKRAINE INTERIM PRIME MINISTER: What is up with the global security? Are we going crazy? Is it acceptable that in the 21st century with no legal ground, with no reason, one country, which possess a nuclear weapon, just decides in a snapshot to invade another.

(END VIDEO CLIP)

PERINO: Let's bring in Shep Smith who is on the ground in Kiev for reaction to the day's developments.

Can you give us your take on things, Shep? And then we'll each get one question.

SHEPARD SMITH, FOX NEWS ANCHOR: I thought it was interesting that this parliament down in Crimea voted to go over and join Russia. They don't have the constitutional authority to do that, and we later -- and now, there's going tonight vote.

But we later found out from one of the members of the parliament there that they were surrounded by Russian troops at the time and really didn't have much of a choice. So anybody who thinks that Vladimir Putin is not pulling all these strings is not paying attention to the facts.

PERINO: All right. We'll start with Jesse here, Shep.

WATTERS: Shepard, great job out there.

Quick question for you -- Vladimir Putin likes to say he's going in there to try to protect the interests of the people that are aligned with Russia. When you are talking to people on the street, have you talked to anybody that says we want Putin in there? We are aligned with Russia. Have you found any of those people?

SMITH: Yes, lots of them in Crimea actually. You know, the older people who are living in Crimea now. They were part of the old Soviet Union. They grew up with Soviet ways. They feel like the government here in Kiev, they are 400 miles away. They feel like the government in Kiev isn't paying attention to their want and needs and would like to be that way.

But the truth is the constitution says that can't happen. A vote by the people down in Crimea, it means nothing because you can't legally have that vote in the first place. So, though they might want to be aligned with Russia, their culture certainly is, under the constitution, they can't. They would have to change the constitution, and they haven't done that.

BOLLING: Shep, a little bit of a comment, interviewed John Bussey from the "Wall Street Journal," you brought out this natural gas, sending natural gas -- liquefied natural gas -- from the United States over to Eastern Europe is a talking point. It's a talking point on the right. It's a talking point on the left. It's not feasible for years and probably never financially feasible.

Just give us a sense. The people on the ground there, do they realize that we're not coming with liquefied natural gas help?

SMITH: I don't think they are thinking about that, frankly. The people here on the ground, what they are thinking about is the people who died here and the fact that their government is in turmoil and they don't really know who is going to run the place and that Putin is over there saber-rattling and meddling in their affairs.

This gas issue and the road to Russia and all those things, I don't think that's on the minds of everyday people here, and, Eric, that's not to say it won't be eventually because it will be an issue. It's just top of mind for them at this moment is other things.

BECKEL: Shep, this is Bob.

Looking at the Russian -- the Russian parliament also moved quickly to say whatever referendum they would allow Crimea into Russia, but this goes back -- Catherine the Great took the Crimea peninsula as probably the crown jewel of the Russian empire. These are Russians, in fact.

And my guess is, only guessing, that they are not going to go back to the Ukraine, are they?

SMITH: Well, I don't know how that would happen. You can't -- under the constitution, you cannot separate Crimea from Russia. It's not possible. It would be as if Kentucky said we're leaving the United States. Well, actually, Kentucky you can't do that.

Crimea can't do it, and they can't do it for a number of reasons. The only way that that can happen is if there were a vote of the entire country, and it would have to be a super majority of the people and the parliament to allow any section to leave the union, and that hasn't happened. That's not going to happen. That kind of a sentiment does not exist across this country.

So it's something that everybody is talking about. It's something that they voted on because the Russians made them, but it's nonsense. It can't happen.

BECKEL: It's reality is what it is.

GUILFOYLE: Hi, Shepard, it's Kimberly.

It just seems that the people of Crimea have very limited choices at this point especially since the U.S. and European countries have made it clear they're not intervening in a way that's going to be meaningful for them.

What will be the next steps and the most likely outcome?

SMITH: Well, the next step will have to be pressure. Russia will understand it if their economy starts to collapse, if they can't get their gas out, if -- if the ruble starts to collapse against the dollar and the rest of the world so that they can't buy things, if President Putin starts to get pushback from his own people, and if the economy collapses he would.

But the only way to make that sort of thing happen, U.S. sanctions are a great idea and they have to happen but the rest of Europe and the United Kingdom have to get involved. Germany doesn't want to do that, because it has so many ties in the energy industry.

In Great Britain today, there was a piece of paper that came from the monetary folks, and it was -- they got a close-up of it from a video camera, and what it said was we're not go about to get involved in any financial sanctions because they have too many ties to Russia, Russia's economy and Vladimir Putin.

So, for now at least, no matter what they are saying, it looks as if the Europeans want get involved in any kind of sanctions, won't join in that kind of cause and if the United States can put enough pressure where Russia feels like they have to back down, it will. So far, that hasn't happened.

PERINO: Shep, it's Dana.

Earlier today, you had an interview with a documentarian, an American, who had gone to Ukraine to actually focus on the victims which I think has been lost. If 88 people died here in New York City, at the hands of its government, there would be a lot more coverage than we're getting of the victims there. Your thoughts on that documentarian's work.

SMITH: Well, I like the guy. He's from Jersey. He lives in New York City. He videotaped the Orange Revolution and he's since come over to do this. His family is from the Ukraine. He seemed to want to do it, and the money that he's gotten. He got like $7,000 for it. He gave that away to charity.

So it's not like this guy is in it for money. Wants people to understand this, and there's a difference between the coverage here and the rest we get around the world. Here, they are still talking about the people who memorialize behind us and wondering if they died in vain, if they died for anything, if they'll be able to keep this area and country together.

The rest of the world is talking about the politics and energy and who gets leverage and who doesn't. Here it's about people, the people who died on this street.

PERINO: All right. Thank you, Shepard. Getting a hoarse voice for all you have done. We appreciate it so much.

OK. Up next, a gambler blows half a million in Vegas and now, he's suing the casino because he says he was drunk. Should he have to pay the bill? We're going to talk about that when "The Five" returns.

(COMMERCIAL BREAK)

WATTERS: All right. Listen to this one. A man gambles away half a million dollars in Vegas at the Downtown Grand over Super Bowl weekend, but he doesn't think he should have to pay up because he was blackout drunk at the time.

His name is Mark Johnston from Southern California, and he's suing the casino for him loaning money and serving him drinks when he was allegedly visibly intoxicated. Nevada gaming regulations ban casinos from allowing those visibly drunk to gamble and his attorney is trying to get his debt erased.

(BEGIN VDIEO CLIP)

SEAN LYTTLE, MARK JOHNSTON'S ATTORNEY: Playing on credit is out of the ordinary for Mr. Johnston in the first place. Drinking to the point of intoxication is out of ordinary for Mr. Johnston, as the Downtown Grand hosts we believe should have nobody over his years of experience with Mr. Johnston.

(END VIDEO CLIP)

WATTERS: All right. Kimberly, this guy flies into Vegas, his girlfriend. He drinks in the limo. He gets to the restaurant, he drinks at the restaurant. He gambles, he loses, he takes out a loan and they comp him drinks, and he's out half a million.

Is this guy a loser? I mean, does this guy have a legal leg to stand on?

GUILFOYLE: There goes the engagement ring. She's not getting one.

But I think he can make a case. The best he can hope to do is try to settle. You have to understand that the casino lawyers are regularly used to dealing with these types of cases.

It would be a very bad precedent if they went ahead and said, oh, yes, we're going to forgive the debt, et cetera, our bad, because everybody who had like a couple and too many spiked Shirley temple cocktails is going to be claiming that hey, I'm not responsible for the debt. You should have known I was intoxicated. I don't normally drink this much, et cetera, et cetera.

But he has a little bit of an argument to make because he has a history there so they know him.

So if it's Eric with six vodkas, they can say that's not out of the ordinary. If you push 15 maybe.

BOLLING: Maybe.

BECKEL: Maybe. The -- let me tell you, first of all, anybody who's a blackout drinker is a drunk and an alcoholic. That -- his attorney says this is an occasional situation for him, No. 1.

No. 2, the law is very specific with gambling. You're not supposed to serve a guy -- let a guy gamble who[s obviously drunk. We'll see by the videotape. That will tell you something about it. But this guy is a drunk alcoholic.

I have gambled in a blackout, and I've lost.

BOLLING: Right.

BECKEL: I did not sue anybody. I didn't lose anywhere near that much, but I lost, and I don't remember the whole thing. I don't remember getting to the casino; I don't remember leaving the casino. All I do is remember that I was down a few thousand bucks.

BOLLING: Let me just throw this out here very quickly, very fast. The casino is not wrong. That's what they do. They serve drinks. You know it when walking into that place.

Anyone who can lose $500,000 in a night, I mean, you have to be a big player. You have to know how to lose a lot of money. That doesn't mean -- $500,000 is a lot of money to lose in a night. I mean, you've got to be a big gambler to be able to do that, so he's no stranger to a casino. That would be the only thing, if it was his first time doing it.

BECKEL: And they probably knew a lot about him if they gave him that kind of credit. Probably been there a lot.

WATTERS: Now you've probably never been to a casino since you're so pure.

PERINO: I've walked through. I've walked through and watched.

GUILFOYLE: My gosh.

WATTERS: So you really wouldn't have any experience with this. Casinos operate this way, do they just serve people?

PERINO: You don't know.

BECKEL: Yes.

WATTERS: I mean, you have to be -- you have to be responsible, right? I mean, you have to...

PERINO: Yes. That's what I wrote down. Personality responsibility. No sympathy, none. I have none.

WATTERS: See, I don't -- I don't gamble because I'm so cheap.

GUILFOYLE: Don't act like you don't know what happens in casinos.

PERINO: Honestly, this camera shot, you look like a giant, and I look like Thumbelina.

WATTERS: But anybody looks like a giant compared to Gutfeld. I mean, that's really not hard.

GUILFOYLE: Oh, Greg. Poor Greg.

WATTERS: Not even here to defend himself.

GUILFOYLE: Greg and his little mini-bod.

BECKEL: Not even to the women on the subway?

WATTERS: Later, Bob. After the show.

All right. Still ahead on "The Five," do men in America have a vanity problem? Are they more worried about their looks than their lives? That's what a new study says. Bob, Eric and I will certainly chime in on that one, next.

(COMMERCIAL BREAK)

BECKEL: Are guys too concerned about their looks these days? According to a new survey, men now worry about their appearance more than their jobs, their health or even their families. The poll shows 52 percent feel unsure about their looks at least once a week.

Now we have somebody at this table who has that sort of problem. Can we have a little B-roll here. Here's -- see Jesse with his collar up like that?

GUILFOYLE: Oh, my gosh.

BECKEL: Putting it down. Now Jesse does this a lot. He goes out there in the field, puts his collar up because that's so cool. But...

GUILFOYLE: O'Reilly told him it was cool.

BECKEL: Jesse is a pretty good-looking guy. But you know, judging (ph) those collars like that, that was done in the '60s.

GUILFOYLE: Actually, the '80s.

BECKEL: Do you really think about your appearance that much?

WATTERS: You know what? I do. Every time I'm out in the field, the girls and the guys go to me, "Jesse, you know, you look a lot thinner than you do on TV." What's that about?

WATTERS: See, you're worried about it right now so now I'm out there hitting the gym, you know, putting conditioner in my hair.

BECKEL: You are a junior.

WATTERS: Doing all these metrosexual things.

BECKEL: You're an amateur compared to my man right there.

WATTERS: I know, I know.

BECKEL: Let's talk about the man who is the man. What about you? Do you think about this a lot?

BOLLING: The suit makes me look fat.

BECKEL: No, man, $10,000 suits will do anybody good.

GUILFOYLE: He's all tan. He gets a blowout.

BECKEL: Is that a pink shirt?

BOLLING: It's a pink shirt.

BECKEL: You are comfortable in your sexuality, aren't you?

BOLLING: Can we talk about your looks?

BECKEL: Here's the thing: I don't care. I mean, I know that I'm heavy, and I don't -- and I'm not going to knock anybody off their feet. That's a given, my man. What's wrong with these? These are nice, the suspenders. I think it's a statement. But I just don't about it. I don't care about it.

BOLLING: I have a thousand people every day who tell me, "Bob is ticking me off so bad. You just..."

WATTERS: Oh, man, I wanted to do that.

BOLLING: I want to get that pink shirt of yours, see if I can wear it.

Dana, what do you think? Do you think men are getting a little vain these days?

PERINO: Well, judging by, you know, just sitting here, three men wearing makeup, yes, I do.

BECKEL: Ooh!

PERINO: But I'm kidding. No, look -- look. The thing is, OK, if men are more worried about their appearance before, fine. Remember all guys used to have a beer belly?

BECKEL: I still have one.

PERINO: You don't really see that that much anymore, you know what I mean?

And the other thing is when you say that they think about it once a week, women before they've even brushed their teeth in the morning, have thought negatively about themselves 100 times. So they've got some catching up to do.

BECKEL: So you must brush your teeth a lot in the morning then.

GUILFOYLE: What?

BECKEL: No, do you think about -- you really think men think about their appearance as much as they do?

GUILFOYLE: I don't actually think that much about my appearance. I really don't.

PERINO: Are you kidding?

GUILFOYLE: No. I like to -- I like to get my hair and makeup done, because I want to put my best foot forward, right, and look nice and show I take my job seriously.

BECKEL: You put your best everything forward. I'm for it.

GUILFOYLE: I already know what I'm going to say, so I have to go to the...

(CROSSTALK)

BECKEL: Exactly right.

GUILFOYLE: I like a guy who pulls himself together.

BECKEL: Right. Me, too.

PERINO: What? Foreign ho (ph).

BECKEL: Where did you get that from? That's terrible.

"One More Thing" is up next. "Foreign ho" (ph)? I said...

(COMMERCIAL BREAK)

GUILFOYLE: Hey, there. Time now for "One More Thing" -- Eric.

BOLLING: Very quickly, my very, very close friend and good buddy, Mark Levin, fellow conservative, was awarded the first inaugural Andrew Breitbart Defender of the First Amendment Award today at CPAC. Congratulations, my good friend, Mark. Proud of you.

GUILFOYLE: Wow. You really wanted to be there today.

BOLLING: I did.

GUILFOYLE: Yes. Aww.

OK, Dana.

PERINO: All right. So you want to talk about media bias. I want to point your attention to Economics21.org, Chuck Blahouse, former White House official but now big think-tank guy, big thinker. They do a lot of economic stuff.

Paul Ryan then was attacked by The Fiscal Times newspaper, accusing him of misrepresenting research from somebody at Economics 21. It was picked up by Paul Krugman of the New York Times and others, and it's not true. So you can go on Economics 21, see the author of the report that they're talking about. Paul Ryan deserves better, and he probably deserves an apology, though we all know he's not going to get one from those guys.

GUILFOYLE: Way to hold them accountable, Dana. I like that.

All right -- Bob.

BECKEL: One of the favorite people I like to see associated with the Republican Party, can we run a little sound on this boy?

(BEGIN VIDEO CLIP)

WAYNE LAPIERRE, NATIONAL RIFLE ASSOCIATION: In this uncertain world, surrounded by lies and corruption everywhere you look, there is no greater freedom than the right to survive and protect our families with all the rifles, shotguns and handguns we want.

Mark my words. The NRA will not go quietly into the night.

(END VIDEO CLIP)

BECKEL: Ah, yes, Wayne, but we wish you would. Wayne LaPierre. And LaPierre is going to be around, I'm afraid. And the NRA says, well, good, stick around because you cost them votes every time you open your mouth.

PERINO: Kimberly, do you need a tissue to wipe any of that off?

GUILFOYLE: He just spit all over my face.

BECKEL: LaPierre.

GUILFOYLE: OK. This is a really nice thing. The Pat Tillman Foundation, 8K race in San Jose, California, all of the runners going out of their way to honor a World War II veteran. His name is Joe Bell. He's 95 years of age, in his uniform. H's amazing. Anyway, a very nice tribute to our veterans that have served -- Jesse.

WATTERS: OK, Putin, macho man. He's so macho. I just want to show you that little video, a little highlight reel we put together here of Putin, you know, being a tyrant and being a tough guy. There he is, riding around on his little horsey, OK.

That's all we have. That's all we had. I'm trying to bring some manly men to the women.

BECKEL: A fork and knife (ph).

GUILFOYLE: Set your DVRs so you never miss an episode of "The Five." See us back here tomorrow night.

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