Updated

This is a rush transcript from "The Five," December 22, 2015. This copy may not be in its final form and may be updated.

ERIC BOLLING, CO-HOST: Hello, everyone. I'm Eric Bolling along with Kimberly Guilfoyle, Juan Williams, Dana Perino and Greg Gutfeld. It is 5 o'clock in New York City and this is "The Five."

Donald Trump unleashed the GOP frontrunner goes after Hillary Clinton on the campaign trail, calling her out late from -- calling out her late return from the break during a recent democratic debate. Listen.

(BEGIN VIDEO CLIP)

DONALD TRUMP, REPUBLICAN PRESIDENTIAL CANDIDATE: I'm watching the debate and she disappeared. Where did she go? Where did she go? I thought she quit. I thought she gave up. Where did she go? Where did Hillary go? They had to start the debate without her, phase two. Why? I know where she went. It's disgusting. I don't want to talk about it. No, it's too disgusting. Don't say it, it's disgusting, let's not to. We want to be very, very straight up.

(END VIDEO CLIP)

BOLLING: Donald Trump continues with his blistering attack on Clinton using a controversial remark to slam her 2008 democratic primary loss to Barack Obama.

(BEGIN VIDEO CLIP)

TRUMP: Everything that's been involved in Hillary has been losses. You take a look. Even her race to Obama, she was going to beat Obama. I don't know who would be worse? I don't know? How does it get worse? But she was going to beat, she was favored to win and she got (beep). She lost.

(END VIDEO CLIP)

BOLLING: OK. And the Clinton campaign said they weren't going to respond to Trump, but this afternoon Hillary seemed to take a swipe at the Donald when talking about bullying.

(BEGIN VIDEO CLIP)

HILLARY CLINTON, DEMOCRATIC PRESIDENTIAL CANDIDATE: I really do think we need more love and kindness in our country. I think we are not treating each other with the respect and the.

(APPLAUSE)

CLINTON: And the care that we should show toward each other. And that's why it's important to stand up to bullies wherever they are. And why we shouldn't let anybody bully his way into the presidency.

(END VIDEO CLIP)

BOLLING: Oh, I see what she did there.

GREG GUTFELD, CO-HOST: What?

BOLLING: Donald Trump is the bully.

GUTFELD: Of what? Explain that to me.

BOLLING: That Hillary thinks Donald is the bully there. So she says, you know, we can't be bullying everybody.

GUTFELD: What do you, what do you make of that?

BOLLING: Not much.

GUTFELD: Not much? You don't? I was interested in what -- I need somebody to "Trumpsplain" this, because I don't understand it. So can you explain what he meant?

BOLLING: Yeah -- no, I can't.

(CROSSTALK)

GUTFELD: When you're talking about the bathroom, what did he mean?

BOLLING: I think what happens is when Hillary makes something up as egregious as Donald Trump is now become the recruiting, ISIS is recruiting tool, out of thin air, she made it up.

GUTFELD: Right.

BOLLING: What he does is he responds like he does with everyone else, he goes back at whoever the attacker is and he punches back.

GUTFELD: I just wanted to hear you defend this. Because I've heard people defend him about making fun of a disability, making fun of John McCain, making fun of women -- a woman's face. I just wanted to hear somebody defend this as well, because it just never ends. You -- no one will ever stop defending the crass stuff he says. By the way, I haven't used that word since I was seven years old. I don't understand this. And also, I don't understand the comment about the bathroom and I'm sick of hearing people defend this stuff. By the way, we're not even allowed to use the word that he said, but somehow we're going to have him on our network all the time. Meanwhile, we treat our employees far differently than that.

BOLLING: That's interesting. Dana, do you agree with Greg?

DANA PERINO, CO-HOST: Well, this is what I think. When I heard -- well, Hillary's tone to me is like, you know, if you're going to stick up to bully, I think your tone should be a little stronger because what I think what works for her is to fight fire with fire. What she sounded there is like conciliatory. However, I think that that does appeal to a lot of people and that is she is not running for a primary nomination. She's running in a general election. And we're basically talking about getting this down to, probably seven competitive states. She's pretty much the democrats, pretty much of everything but those seven. Five of those states, I believe is five. Obama won twice, he won women by 10 points. So I think what she's doing is trying to say, OK, I know that 25 percent of the electorate in 2016 is single women. And if that's the case, you can do the math on that, then she's actually appealing to a general election candidate and she's got all sorts of room to run for several months until the election and to rack up all sorts of women votes.

BOLLING: What -- KG, Hillary Clinton wants to play a lot of those -- here now, she was -- she's playing the victim, "I'm getting bullied by Donald Trump, big bad Donald Trump is bullying me." However, she also likes to play the, I can hand this, it's my turn. I can handle the big job.

KIMBERLY GUILFOYLE, CO-HOST: Right. Well, she should use as if as an opportunity to turn it in to some positive press for herself, to get out there and show a voice that's strong and authoritative and say listen, I can handle being commander-in-chief, words like this aren't going to hurt me. You should choose me for the following reasons because I'm best for the country and list it all off. What you can do for the economy, et cetera, et cetera. Or try to come up with something. That's where I think she should go with this. That's -- to me, that's like turning something like this into a positive that can resonate with her, you know, for her with women voters and other people alike.

BOLLING: And your thoughts on this one. Weigh in -- and remember, look, Greg doesn't like the fact that it happened -- the way it went down, but it --

GUTFELD: No, I don't have -- no, no, no. Don't be, no, no.

(CROSSTALK)

GUTFELD: I don't have a problem with what he said.

BOLLING: What you're saying that.

GUTFELD: No, I don't have a problem with what he said.

(CROSSTALK)

GUTFELD: I have a problem with people here defending it.

BOLLING: Greg, I don't.

GUTFELD: That's my problem.

BOLLING: Defending Donald Trump.

GUTFELD: No, it was no. You explain it.

BOLLING: I was saying that he was expanding for her.

GUTFELD: You explain it.

BOLLING: Making up a blatant lie.

GUTFELD: You "Trumpsplain."

BOLLING: I'm not "Trumpslaining" anything. Here's what happened.

GUTFELD: I asked you what he meant, he was explaining.

BOLLING: He was at a campaign rally saying, she made something up. She lied about it and then he went, pointed out the fact that she was coming back late from.

GUTFELD: That's "Trumpsplaining"!

(CROSSTALK)

GUTFELD: It's huge.

BOLLING: Reporting what happened, that's all.

(CROSSTALK)

BOLLING: Reporting what happened.

GUTFELD: That's commenting.

BOLLING: Fine, whatever. Go ahead.

JUAN WILLIAMS, CO-HOST: Well, I think what's interesting to me, picking up on what Dana and Kimberly said, I thought were really insightful comments, I think Dana is exactly right. If you talk -- if you look at a response from American women, specifically, single American women who are a key demographic in this upcoming election, I don't think they're going to have a good reaction to this and the idea of the big, bad bully. And I think Mrs. Clinton, you were saying, she should have come out maybe more aggressively. No, I think it's the low-key tone. And what Kimberly said again, plays up right, you know, so can she project sufficient strength that say, you know, I can handle this, don't worry about it. And I think the low-key tone said, "I'm not going to go into hyperbole. I'm not going to match offensive statement for offensive statement." But I'm going to tell you, we shouldn't allow this kind of thing to dominate our political scene. I don't think it's it was very attractive. I don't understand why Trump even does it at this point.

BOLLING: Well -- first of all, do you think the word even made sense?

GUTFELD: Well, I think what happened is when you are surrounded by toadies that cheer you on, you're like a comedian and you like the laughter. So I don't -- he's very impulsive. He's -- instead of thinking about what he says, he's impulsive. And it makes you wonder, do you want an impulsive leader or do you want a leader that thinks. I want somebody who can beat Hillary. I don't think an impulsive is gonna beat Hillary.

PERINO: This is what I don't understand about -- one of my favorite quotes of the election cycle, so far this year was from Matthew Continetti who writes for the Washington Free Beacon and a few months ago, he wrote a piece saying, "now, conservatives don't be upset, because Hillary Clinton is beatable." And he goes through the reasons that she's beatable and the last sentence of the column is something I remembered, he said, "besides, if it's a race to the bottom, we can win it." And that's what I felt like we heard last night. But actually, having to discuss like why he used a verb like a disgusting verb and the thing. The thing -- other thing about him is that for Donald Trump is way out in the lead, we get this, this is a polling. You still have 12 percent of women who are undecided in the Republican Party. If you are that far in the lead, why take chances all the time? And I think it's because he's not thinking about it. He is just impulsive. But if he really does want to win, you have to do the math on these numbers with women and you can't do it without him.

WILLIAMS: Let me just say it quickly.

GUILFOYLE: Well, don't cut into your own lead, either.

PERINO: Right.

(CROSSTALK)

WILLIAMS: I think what's so interesting to me. You know he insults black people. He said, "Black people are the ones who kill all the white people" -- obviously wrong. He insults Mexicans, right? Rapists and thieves, right? He insults Muslims, as keep them out, all that. But it's when we come to this woman's issue, that I think he really is killing himself and the Republican Party.

PERINO: Unnecessarily.

BOLLING: Well, it's circling the numbers. New polling numbers show Donald Trump is still at the top of the republican presidential field at 28 percent. The Quinnipiac poll shows Ted Cruz, following with 24 percent, Rubio 12 percent, Carson 10 and Christie at 6 percent. But despite leading the GOP, Trump faces problems with a broader electorate. Half of the voters said they would be embarrassed to have him as president. So Kimberly, let's bring it back this way. Half say they would be embarrassed. A third says they would be embarrassed of Hillary Clinton as well, but he still leads.

GUILFOYLE: Right. Well listen, you've got to turn. There's still time to move numbers. And you saw from the beginning, people that said that they didn't think he was serious about running. The numbers are very low, those have changed. He split those numbers from himself. So what you have to see is this is like kind of a wakeup call, an opportunity to be able to change your tone and direction with women and to be able to get people to say, listen, you're not the guy to be embarrassed about. You'll be the candidate that I would choose and for these reasons. He's got a lot to work with, he packs places with large crowds, so it's not like he's going to have a difficult time delivering a positive message or reaching an audience. It's already like built in and built to last for him because people will show up. So now, I think it's like the 2016 resolution has got to be to like change the tone a little bit, to demeanor, to be able to reach out. Because in order to win a general election, head to head, you are going to have to draw.

(CROSSTALK)

PERINO: And there are ways to do this with Hillary Clinton on the merits.

GUILFOYLE: Yeah.

PERINO: On this issue in particular. So I agree. I thought it was absolutely wrong for her to suggest that any American, especially a presidential candidate, is a recruitment tool for ISIS, because all of us are a recruitment tool for ISIS. ISIS will use any of us at any time. I definitely thought that was wrong.

GUILFOYLE: Wrong for -- yeah.

PERINO: And that where do you go from there? That was wrong. Where he could have fought her on the merits is something that -- I think one of her Achilles heels that she not having to pay for yet and that is Boko Haram. Boko Haram is one of the worst terrorist organizations in the world. They are based in Nigeria. Remember the young girls that were all kidnapped?

GUILFOYLE: Yeah, Bring Back Our Girls.

PERINO: A report has come out about all the atrocities that have been linked to Boko Haram. They have now pledged allegiance with ISIS.

GUILFOYLE: Yup.

PERINO: And Hillary Clinton, for years, as secretary of state did not allow them to be put on the world terrorist list, or the terrorist watchlist, whatever it is, that was here watch, he block. And so, I think that there are ways to go after her that are actually on the merits and on the policies that you could actually turn and flip. And if you were to wanting to win the deal, if you want to win the presidency, you could use that instead of spending a day talking about how you shouldn't said something.

WILLIAMS: Well, let me say something positive for Donald Trump. In this polling that came out today, 60 percent of republicans say they think he is the nominee. They expect him to win this at this point. As we go to into this holiday season, as everything tamps down, Donald Trump, among most republicans, assumed to be the candidates. What's not good in this, of course, is the number that you mentioned, Eric, people being embarrassed. But I will say this, you know, previously, people thought gee, so many people who are uncomfortable with Donald Trump, but he has persisted, he stayed up high, he's still leading. The big news out of the poll, Ted Cruz, Ted Cruz -- I think four points back?

BOLLING: It will. If you add Trump and Cruz, you have 54 percent. You have more than half.

WILLIAMS: Well, so you got.

PERINO: If you take them together, they have the largest gender gap.

(CROSSTALK)

GUTFELD: But you know what the thing is.

WILLIAMS: Yeah, it's huge.

GUTFELD: What Trump said yesterday was nothing. It wasn't, it wasn't -- the slang term and the bathroom humor. It's nothing compared to the stuff that he said before. And we have already agreed that we're OK with it. When he said.

WILLIAMS: Well, I never agree with that.

GUTFELD: When we talked about Putin killing Russian journalists and he said, Americans do the same thing.

WILLIAMS: That's unbelievable.

GUTFELD: That is a left-wing response, purely from the Oliver Stone, Howard Zinn, Noam Chomsky school when you're justifying terror. When somebody flies planes into our buildings, the response is, well, we bomb people, too. He used, he -- smeared to us, too. So I don't think this is anything bad. It doesn't bother me at all. It's the stuff before that bothered me.

GUILFOYLE: Right.

BOLLING: All right. We'll leave it there. Coming up, Hillary Clinton puts a new twist on the Dr. Seuss classic, How the Grinch Stole Christmas with a clever new campaign ad, Greg's take on her holiday-themed attack on the GOP when The Five returns.

(COMMERCIAL BREAK)

GUTFELD: The Clinton camp released a holiday-themed video that slams the GOP. It is as cute as it is wrong.

(BEGIN VIDEO CLIP)

NARRATOR: American families like progress a lot. But the Grinches in GOPville, it seems they do not. Together, they shout with great, Grinchy zeal that on health care their plan is --

DONALD TRUMP, REPUBLICAN RESIDENTIAL CANDIDATE: Repeal.

CARLY FIORINA, REPUBLICAN RESIDENTIAL CANDIDATE: Repeal.

SEN. TED CRUZ, REPUBLICAN PRESIDENTIAL CANDIDATE: Repeal.

SEN. MARCO RUBIO, REPUBLICAN PRESIDENTIAL CANDIDATE: Repeal.

NARRATOR: On immigration, they vow to build a wall on the border. And as for deporting DREAMers, they would.

TRUMP: Terminate President Obama's illegal executive order.

NARRATOR: Environmental reform? They promise to nix it. And Roe versus Wade, they --

RUBIO: Aspire to fix it.

NARRATOR: Now if that weren't enough to leave you all stunned, take their stance on Planned Parenthood --

GOV. JOHN KASICH, REPUBLICAN PRESIDENTIAL CANDIDATE: Defund.

JEB BUSH, REPUBLICAN PRESIDENTIAL CANDIDATE: Defund.

GOV. CHRIS CHRISTIE, REPUBLICAN PRESIDENTIAL CANDIDATE: Defund.

(END VIDEO CLIP)

GUTFELD: Now, the clever clip brings up all the areas where Republicans are evil: Obamacare, immigration, Planned Parenthood. They left out the part where, you know, we eat old people, unwed mothers and babies. But strip away the premise and what have you got? A party in dangerous denial. There's no mention of terror. In their world, all that exists are American evils to be fixed by government intrusion, identity politics and punitive legislation. After all, why unite us against the world's deadliest threat -- like ISIS -- when you can divide us with a competition over entitled goodies. They'd rather win an election than win a war. But it's not their fault. How can you discuss defending a country that you spent decades denigrating? In the ad, the left reveals their fatal weakness: They can't protect us. Instead, all they can do is appeal to immediate gratification. But the goodies won't help when faced with apocalyptic ghouls.

So the scariest part in this ad isn't that they skip over a death cult, it's that the ad will actually work, indulged by the sheer progress of the world's greatest culture, we are blind to the retrogression of a patient evil. Yes, we the great ones have our free health care, our funded abortions, our sanctuary cities. But we're a nation of ostriches: Blind to what rises from the sand, we willingly forfeit our right to exist. It was fun while it lasted.

See what I did there, Dana, I took a really happy ad and I made it very dark and dreary.

PERINO: Yeah.

GUTFELD: You have to admit, though.

PERINO: Right.

GUTFELD: It's a clever ad.

PERINO: I love the ad.

GUTFELD: Yeah.

PERINO: Very good, very well done and some of the animation is coming out now is probably just -- more appealing to people at this time of year in particular, because they know the Grinch and everything. And it -- I did -- while watching I think, if Hillary were to win, it's gonna be a long four to eight years, because she really doesn't like us.

GUTFELD: Yeah.

(LAUGHTER)

PERINO: Had all. We've already had eight years of that, and there might people saying. Couple of things, though, Planned Parenthood, they bring up the defunding Planned Parenthood. Here's the box that republicans are in. So when you're have to have -- when you're in a competitive primary, and you have to run to try to win that, you have to deal with what your party wants, OK? That party might want repeal, but Plant Parenthood defunding, that actually polls so negatively for the GOP. It has about a seven -- funding Planned Parenthood has about a 65 to 70 percent approval rate. So that makes it a very difficult then when you switch to go to a general election. Where I think Hillary Clinton is more vulnerable than they will admit is on Obamacare. And if you look at Kentucky for example, where we had a special election in 2014, the republican candidate was not expected to win. He was down by about a touchdown, he won by about a touchdown and this has the democrats worry because that -- and all the exit polls which mostly about Obamacare.

GUTFELD: I like that you used -- touchdown.

PERINO: Someone told that, explained this to me as using seven as a touchdown and it stuck.

GUTFELD: Eric.

PERINO: Very effective, though - I think.

GUTFELD: Did they -- why can't they discuss the topic of national security?

BOLLING: It's a loose for them.

GUTFELD: Yeah.

BOLLING: Now that have -- she just highlighted all of things that they think the one Dana, points out Planned Parenthood. There is a way to defund the abortion part of Planned Parenthood, but the republicans haven't figured out how to do that. Just separate the two, there are women's services and there's abortion. You want to fund women's services, knock yourself out. Just don't load them. It's so easy, it's a Chinese wall. Anyway, republicans jump on that. So they win on that. They think they win on immigration, but you know, it's pretty evenly divided. If you're a conservative, you want the rule of law. You want to make sure that the borders are safe, they're protected and people come in across are prosecuted and send back. Instead, they let people stay, sanctuary cities, they -- people get the deportation notices. They don't show up in court and they can stay. So they -- the things they win, they highlight, but I just find it interesting. They use Dr. Seuss-like level of intellect to --

GUILFOYLE: Right.

BOLLING: Deliver the message. How could you do that?

PERINO: Isn't that what Ted Cruz did, though?

BOLLING: You can't --

GUTFELD: You can't do that. That's a good point. That's -- you can't do that, Kimberly.

GUILFOYLE: Right.

GUTFELD: You can't infuse terror into a cute little limerick.

GUILFOYLE: Yeah. Well, I never found Dr. Seuss very appealing to begin with, but I'll tell you what. The Grinch.

GUTFELD: How dare you.

GUILFOYLE: The Grinch that ruined the future, the Democratic Party is President Barack Obama. Because thanks to him now, what we have like the largest majorities, we've the House, we've got the Senate, a record number of governorships, a record number of state legislatures that have been taken over by republicans. So if you look at this, there's been a definite choice and a move across the country towards the more center-right approach as it comes to free market and the economy, national security, which is huge in terms of the issues right now. The people are looking at 2016. These are the driving forces and that is going to be a big problem for Hillary Clinton. Not just with the Boko Haram like Dana mentioned, but all of her failed foreign policy that is connected and tethered to President Barack Obama. So she can play with cartoons all day. We're looking to kill ISIS.

GUTFELD: You know, Juan. Is it possible that, you know, when they make these ads, they are thinking specifically about women? Do you think it's sexist to think that women don't care about national security? Isn't that - - do you get the sense that Hillary thinks that women aren't interested in that? And that's, in itself sexist?

WILLIAMS: No. I'm kind of interested why you picked that one up.

GUTFELD: Because I believe it's so.

WILLIAMS: Oh, I don't think it at all.

(CROSSTALK)

GUTFELD: I'm putting words in your mouth, Juan.

WILLIAMS: Well, I appreciate that and here they come. But I think that women are very much into the idea of a protector.

GUTFELD: Right.

WILLIAMS: And I want someone who can protect the country. But contrary to what you say, when we look at the polls, right now, Hillary Clinton is the most trusted of all the candidates, republican or democrat, on the issue of national security. Why is that?

BOLLING: Wait, wait.

GUTFELD: Wait a second.

(CROSSTALK)

GUILFOYLE: This is Juan's homemade poll.

(CROSSTALK)

BOLLING: Republican or democrat?

WILLIAMS: Yeah, Washington Post/ABC poll still on the front.

BOLLING: The Williams almanac?

GUILFOYLE: Yeah.

(LAUGHTER)

WILLIAMS: But the thing about this is that you got Hillary Clinton out there, trying to separate herself from Barack Obama, portraying herself as more hawkish than Obama.

PERINO: Kind of.

WILLIAMS: Actually, I don't think there's that big a difference, but that's the perception. Remember, at this democratic debate last Saturday, you had Martin O'Malley and Bernie Sanders, both saying, "you're too aggressive. You're too hawkish to Hillary Clinton."

PERINO: Yeah, but she's the one who said that.

WILLIAMS: You think that help her? I think that helps Hillary a lot.

PERINO: She's -- but in that debate, she's the one who said, when it comes to ISIS, she thinks that we're where we need to be.

WILLIAMS: yeah, but she also said, "We need, not only to contain, but to destroy." And I think that language was directed at President Obama.

PERINO: Well that -- well, she was just repeating what he said a year and a half ago.

WILLIAMS: Well, I'm just thank you. I think that she is positioning herself to, in fact, speak to Gregory's concern. Because what Greg did was really watch. I think you said look, really these other issues, whether it's abortion, immigration like, they're not great right now as wedge issues for republicans. Gay rights have gone away as a wedge issue for republicans.

GUILFOYLE: Yeah, we know that was a big problem.

WILLIAMS: But the big issue would be -- I'm sorry. What are you saying?

GUILFOYLE: No, I think it's a big problem that she brought this up. Especially like on the San Bernardino attack, second largest terrorist attack on U.S. soil since, you know, since 9/11.

WILLIAMS: Yeah, yeah. But what I'm saying to Greg is --

GUILFOYLE: I don't think we are where we need to be.

WILLIAMS: Well I think, I think that -- well, here -- I mean.

(CROSSTALK)

GUTFELD: We have to go, Juan, really quick.

WILLIAMS: One quick thought is, what is it, Kimberly, that republicans would say, we need to do differently than what Obama or Hillary or anybody is doing? The answer is oh, we'll send in troops. Not a political winner.

PERINO: And not true, not fair and we got to go.

GUILFOYLE: And now we have to go.

PERINO: Not fair and not true.

GUTFELD: All right. Up next, President Obama reveals his theory on why some republican critics attack him. His -- excuse, when we return.

(COMMERCIAL BREAK)

GUILFOYLE: With his final year in office on the horizon, President Obama opens up to NPR about why he thinks some of his republican critics attack him.

(BEGIN VIDEO CLIP)

BARACK OBAMA, UNITED STATES PRESIDENT: If you're referring to specific strains in the Republican Party that suggest that somehow I'm different, I'm Muslim, I'm disloyal to the country, et cetera, you know, which unfortunately is pretty far out there and gets some traction in certain pockets of the Republican Party and that have been articulated by some of their elected officials. What I would say there is that, that's probably pretty specific to me and who I am and my background, and that in some ways I may represent change that worries them.

(END VIDEO CLIP)

GUILFOYLE: Really? Criticized because you're, quote, "different"? Or could it be, as commander-in-chief, you would rather do things like go on Jerry Seinfeld's show, "Comedians in Cars Getting Coffee" instead of fighting against radical jihadi terrorists. Just throwing it out there.

So what do you think: fair criticism? I think I know what you're going to say.

BOLLING: Who me?

GUILFOYLE: Yes.

BOLLING: Fair criticism? Well, should he -- he's different. I guess he's alluding that he's the first African-American president. Is that what you're saying? So critics are attacking him for that? That's pretty divisive, is it not?

WILLIAMS: What, that he's being attacked? That you're being called uppity and a liar and all that?

GUILFOYLE: What does that have to do with skin color?

BOLLING: Wait, wait, wait.

WILLIAMS: What does "uppity" have to do?

BOLLING: Who said "uppity"?

WILLIAMS: I don't remember the specifics.

BOLLING: When he lies about certain things, when Hillary Clinton lies, you call them out. Has nothing to do with skin tone.

WILLIAMS: Look, "He's a Muslim. He's different. He's not born in this country." How about all that? I mean, it seems to me there's a lot of vitriol directed at this president.

GUILFOYLE: Who's saying that?

WILLIAMS: Who said that?

GUILFOYLE: Who's saying that he's a Muslim?

WILLIAMS: Oh, my gosh. There was a whole, what they call, a birther movement.

GUILFOYLE: OK. Well, nobody is saying that here. You're saying that he can't be criticized with respect to his failure on foreign policy or anything with national security.

WILLIAMS: Of course he can.

GUILFOYLE: Come on. You know what? That's a grow up. That's a grow up. Like he just lost his man card on that. You want to worry and say...

BOLLING: He didn't have it.

GUILFOYLE: But it's just ridiculous. Like really, you're president of the United States, and you have to say people call you names or say things because of your race? That is not the case.

WILLIAMS: That is not the case?

GUILFOYLE: No, that is not the case.

WILLIAMS: I find it incredible that you would say that.

GUILFOYLE: What is Hillary Clinton going to say? That it's because she's a woman.

GUTFELD: I think -- I think both cases can be right. I do think we live in a nation where we now have the victim in chief. He's just reflecting what's happening in a country where identity politics now leads the conversation wherever we go on campus. It's not about what you do, it's about who you are.

But let's not forget, there is a birther movement. There has been a birther movement. It's been around for a while. We have a candidate who was fairly vocal about this years ago and now doesn't talk about it.

So what President Obama is doing, is he's using this extreme to smear the masses. This was done with the Tea Party. They would go -- the press would try to find the crazy example and say it represents the whole. Everybody does this. Everybody does this. We do it to the left. The left does it to us. We're just used to it.

PERINO: I think -- I think what I would say is a lot of the criticism that I think he's referring to is on the fringe. But the fringe is actually really loud.

And this happens -- I think that Hillary Clinton would probably say she's been attacked since 1992 or probably earlier. I know that 43, the president I worked for, was called not by the fringe, but by the leader of the United States Senate, Harry Reid, called him a loser, said he was unpatriotic and went on and on.

And so as a leader and commander-in-chief, as the president of the United States, if you can get to a point where you can accept there is a fringe and then elevate the conversation, you're going to have a better year. And I think now is the time, President Obama, in his last year we need full focus on national security.

Two, there's not going to be a lot of big legislative accomplishments. There never is in a final year of any presidency.

And three, start thinking about the future a little bit, because I think that the victimhood bothers people a lot. But the fringe, I hope that he understands that the fringe is always going to be there. And you have to sort of just put it out of the picture and realize that there are arguments on the merits against him. And I think he spends too much time worrying about him.

GUTFELD: But you know, the most racist things said about Obama -- the most racist things said about Obama were from Harry Reid and Joe Biden.

PERINO: That's right.

GUTFELD: Clean, articulate, light-skinned.

WILLIAMS: Right. But I would say this to Dana.

Dana, I think there's a consistent pattern of obstruction and just rejection of every policy, every idea that comes from Obama. And I think it plays back when you talk to the congressman -- when you talk to the -- when you talk to the base...

PERINO: On Obamacare in particular, his first decision on legislative priority was to push Obamacare. He didn't even try to get Republican votes, because he didn't have to.

WILLIAMS: I think he did try -- I think no Republicans who were willing to work with him...

PERINO: Because Republicans were smarter on the policy.

WILLIAMS: OK. But if that's the case, why don't we have a substitute for Obamacare? We don't have one from Republicans.

BOLLING: We're $19 trillion in debt, most of it under President Obama, not because he's black. We have wages that are stagnant. Mostly because of Obama, not because he's black. We have income inequality that's risen under President Obama. Not because he's black. We also have a price of gasoline that's now approaching going below $2 per gallon, because President Obama embraced fracking in America, not because he's black. He's got to stop playing the race card.

WILLIAMS: Well, let me just say, we have low unemployment in this country. We have record...

BOLLING: Numbers...

WILLIAMS: No, no, I'm saying let's have an honest -- no, no, what your point is all of these negatives, and I'm saying -- I'm just saying there's a lot of positives about this president and his record, and somehow it never gets discussed and never gets considered by a large percentage of people. This goes back to my earlier point.

You talk to the congressmen and the senators, they say their folks back home don't want to hear anything about Obama. Obama to them is a devil.

GUILFOYLE: Oh, my God. This is like...

GUTFELD: I never said he was the devil. I said he was the antichrist.

GUILFOYLE: A box of Kleenex for the cry-babies, because you know what? Stand on your own merits, and don't throw the race card or the gender card down. You know what your lack of accomplishments are.

GUTFELD: Unicorn card.

GUILFOYLE: That's ridiculous. Can you put the camera here? Thank you.

When we return, we'll reveal the top news stories of 2015. Can you guess which headlines made the cut? Find out, next.

(COMMERCIAL BREAK)

PERINO: As 2015 draws to a close, it's time to take a look at some of the top news stories that have dominated the headlines this year. The Associated Press released its annual poll who made the top 10. Europe's -- Europe's migrant crisis.

The Charleston church shooting. The climate change, the 2016 election campaign. Terrorism fears, police unrest and Black Lives Matter. Mass shootings, Paris attacks, the Supreme Court same-sex marriage ruling, and the No. 1 top news story of 2015 was ISIS.

So Kimberly, I thought it was interesting, because this week we heard President Obama lament that cable news was hyping the terrorist threat and yet the Associated Press in its annual poll up, the editors and the writers, say that the No. 1 story is the Islamic State. Interestingly last year, ISIS was only No. 3.

GUILFOYLE: OK. Well, it's moved up in the ranks.

PERINO: The right trend.

GUILFOYLE: But It's totally contained, and we're right where we should be, right? Hillary? Right, President Obama?

So to me this obviously shows that this is not just cable news. It's widespread in terms of news coverage, which by the way, it should be. And it's also showing in the polling that it is foremost on the minds of the electorate. And it should be.

So that's a good sign that, at least it's being covered in the press and that the voting out there actually care about it and want to see something done. This is now a time for a real commander-in-chief to be able to address this threat and come up with a solution. It should not be the top story when we do this next year.

PERINO: I was going to say, actually, if you want to, Eric, look at measurement of success against ISIS, that they're number -- they should not be in the top five next year. We should try to get them off of the top ten altogether, if possible.

BOLLING: Or they're No. 1 one more time because we defeated them.

PERINO: OK.

GUILFOYLE: The J.V. team.

BOLLING: I don't know how long it's going to take, but I have a hunch it's going to stay the No. 1 story for the year, given the election cycle, given the fact that you put up a national security debate and that 20 million people come to watch it. And you put up another debate talking about other issues on the Democrat side and 6.5 or 7 million people watch it.

People are concerned; they're worried about their safety. And they should be, because now with San Bernardino, people are coming over here, radicalizing here. It's an issue. It's going to be the issue.

PERINO: Do you think, Greg, that the A.P. got it right, that these are the top ten stories?

GUTFELD: Yes. Yes. But where did this ISIS, where did ISIS start? It came from a change in mentality. Not just over there, but over here that we no longer come first. The world does.

Our leaders used to believe that the United States came before the world. What happens now is over the last, I'd say 30, 40 years, a reluctance -- a reluctance to say that some cultures are actually better, more humane, more moral, than others.

There's actually a hierarchy of cultures. We are better than some other cultures. So right now, because we are incapable of doing that out of tolerance, the lack of fortitude. We are allowing a hideously backward culture to look at the west, the west, and instead of seeing something they could emulate, or some creativity that they could learn from, they seek to destroy it to send it back to the 7th Century.

And we are -- we cannot stop it, because we've been telling ourselves that the tolerance of other cultures is more important than our own survival. That's the big story.

PERINO: Juan, there was some good news from last year to this year. The No. 2 story last year was Ebola. And this year, because they were able to contain it and it didn't spread, it was off the list. So that's good news.

WILLIAMS: Off the list. And last year the No. 1 story was what happened in Ferguson. So that's farther down the list in terms of Black Lives Matter. Black encounters with police.

PERINO: That's still No. 5. That's a pretty big story.

WILLIAMS: It is a big story. I wouldn't doubt that what strikes me about this is the number of stories that not only is Islamic State the No. 1 story.

But I think the No. 3 story is the Paris attack.

The No. 4 story is mass shootings, including the shooting in Chattanooga, the marine by the Islamic guy.

And then, of course, you have No. 6, terror -- excuse me, terrorism worries.

So it's replete in this list that you see. People are tremendously concerned. Is it the case that there are fears being fed? I know Greg and I argue about fear-mongering all the time. Do we think the media contributes to this in terms of the sole focus on terrorism? I think so. But is it a legitimate concern? I wouldn't argue that point.

PERINO: I'm going to make a prediction. In 2016 when we do this show next year, that the No. 1 story will have been the 2016 election.

BOLLING: That's a prediction.

PERINO: Directly ahead, are you having trouble getting into the holiday spirit? It could be because some weather forecasters say this could be the warmest Christmas of our lifetime. Find out if your area is going to feel the holiday heat. That's next.

(COMMERCIAL BREAK)

WILLIAMS: Don't get your hopes up for a white Christmas. Not this year, folks. After weeks of unusual December temperatures, meteorologists are now forecasting a so-called blowtorch of warm weather to sweep across the country just in time for Santa.

As you can see, many cities and states east of the Rockies are already hitting above-average temperatures today. But check this out: on Christmas day, Boston and New York City will be in the balmy 60s, while the southeast will stay toasty in the high 70s and 80s. Forecasters say it could be the warmest Christmas Eve and Christmas day on record. Unbelievable.

PERINO: And thank goodness it is.

I'm happy. I'll take it. Take it when you can get it.

WILLIAMS: Bring on some more global warming.

Guys, you never heard about dreaming of a white Christmas? You never heard of that, huh?

PERINO: I know what you mean. I mean, it doesn't exactly feel like Christmas.

GUTFELD: Too many ways to go with that.

WILLIAMS: You see, Gregory is so busy in his mind, up to devious things and thoughts about race and color and white Christmas, I don't even know where to start.

GUTFELD: Well, I grew up on the West Coast. So I never had a white Christmas. I didn't see snow until I was, like, 25.

WILLIAMS: But don't you think white Christmases are cool?

GUTFELD: No.

WILLIAMS: You never saw that movie.

GUTFELD: I can't get home. The traffic, it's terrible.

WILLIAMS: The traffic is terrible. Are you a Grinch, too, on Christmas?

GUILFOYLE: No, not at all, and I'm excited about New Year's Eve. I'm going to probably wear, like, the one-shouldered dress.

GUTFELD: Me, too!

GUILFOYLE: Yes. Eww. That's called a toga for you.

WILLIAMS: You know what? The whole association of sleigh rides and sledding down a hill. Or going outside, and coming in to get hot chocolate -- gone. Gone.

PERINO: That's true. And actually, the retailers are saying that, because we've had a relatively warm fall, that there's going to be a lot of great sales after Christmas, for it will get colder, and we're all going to need hats and gloves.

So if you haven't bought anything yet, you might be in for a deal after Christmas. I'm not saying not to shop in the next few days, because I want the economy to do well. But -- somebody else want to talk?

BOLLING: I'll tell you, the ski resorts, East Coast ski resorts are getting destroyed.

PERINO: But in Colorado they have a lot of snow. My sister said they had a bunch.

WILLIAMS: It's just the East Coast. But you go to places like Buffalo, you know, Buffalo didn't have snow.

PERINO: But isn't that good for the economy? Like, then you're, like, more likely to go out and eat dinner?

WILLIAMS: Yes. Well, the economy is doing good in that sense, by the way.

PERINO: OK, good.

GUTFELD: This is like a conversation in an elevator.

PERINO: It's a safe conversation.

GUTFELD: This conversation. You're talking about the weather.

WILLIAMS: Talking about -- talking about sports.

GUTFELD: Yes.

WILLIAMS: That's what the guys do.

GUTFELD: It's the safest thing.

BOLLING: The Redskins.

WILLIAMS: That's not safe. That's not safe.

BOLLING: You love the Redskins.

WILLIAMS: I like the burgundy and gold.

GUILFOYLE: What I'm going to do when I go live at The Villages.

WILLIAMS: Oh, my gosh.

GUTFELD: If you're going to go to the -- there will be a collective cardiac arrest among all the men there.

GUILFOYLE: Defibrillators, boom, boom. Line them up.

PERINO: Your book signing was gigantic.

WILLIAMS: You know what they had to do? They had to toss him out in the snow to cool him off.

"One More Thing," up next.

GUILFOYLE: That's so...

(COMMERCIAL BREAK)

BOLLING: All right. As K.G. just said, let's wrap this up. It's time for "One More Thing." And you're going to start.

GUILFOYLE: Wrap it up, yes. And this is really important, because we want to pay honor and respect to the individuals that lost their lives over in Afghanistan. One in particular, New York City police detective was among the six people that were killed. The U.S. troops in Afghanistan.

And in particular, Bill Bratton said that Detective Joseph Lemm, who was a 15-year NYPD veteran, had been promoted to detective last year in January 2014. He said about him that he epitomized the selflessness we can only strive for, putting his city and country first. Tonight, we grieve and we remember the selfless public servant who dedicated his life to protecting others.

In addition to NYPD Detective Joseph Lemm, FOX News can confirm the names of Air Force Major Adrianna Vorderbruggen and Air Force Staff Sergeant Peter Taub; Chester McBride of the Air Force, Staff Sergeant Louis Bonacosta and Michael Anthony Cinco of Rio Grande Valley, Texas. God bless you and your families and thank you for your service. You will be missed.

BOLLING: Very sad. Very, very sad.

All right. Dana, you're up.

PERINO: All right. I want to do a big American welcome to two people who just arrived from Scotland last night. This is Rachel and Seth. They are my grand-twins. Of course, they're with Jasper, which is why I put this up. And they're 9-year-old twins. They're here, and they're in South Carolina for Christmas, and we're excited that they're here.

I also want to point out that we're talking about "The Family Feud." And how great it would be if "The Five" was on "Family Feud." And FiveFanPhotoshop made this picture. And with us -- here we are with Steve Harvey, actually in height order.

GUTFELD: That's not true. That's a lie.

PERINO: Look at that. This would be such an awesome show, and I really think that "The Five" would win.

GUILFOYLE: But what happens if Steve Harvey called us the winners and took the crown back.

PERINO: If Steve Harvey calls me Kimberly and messes up, I'll be fine.

GUTFELD: We defended him. He owes us.

GUILFOYLE: He wouldn't do that to Miss Puerto Rico. That would be a problem. Don't you think?

BOLLING: Someone tweeted that he missed the rehearsal. So he blew off rehearsal. And that -- you know, those things...

PERINO: How do you know at rehearsal who the winner is?

GUILFOYLE: You don't know.

BOLLING: You know how to read -- how to read the card. Juan, you're up.

WILLIAMS: Well, you know what? It's Christmas family fun on the trading floor this morning at the New York Stock Exchange. Never in the 223 years of the stock exchange have they seen this, the Harlem Globetrotters performing dunks, trick shots off the balcony. It was all to open -- the festivities to celebrate the opening bell.

The Globetrotters CEO, Kurt Schneider, joined Handles Franklin and Moose Weekes to ring the NYSE opening bell. The Globetrotters are going to play a bunch of games in New York over the holiday season.

GUTFELD: You are our Washington Generals.

PERINO: Is that considered a great job?

WILLIAMS: That's exactly the right. That's why I can't sleep.

PERINO: Is that a great job if you're a basketball player? Like, to get on the Harlem Globetrotters team?

WILLIAMS: It's a very good-paying job.

GUILFOYLE: Are you considering it?

PERINO: Think about how amazing that would be. If they could get me in shape to be able to, they could use -- they could throw me up, like to dunk it? We would sell out tickets everywhere.

BOLLING: You know what the saddest part of that -- the depressing part of it, that they can play basketball on the floor of the New York Stock Exchange, all of those human bodies that used to do the jobs -- they're all computerized.

Very quickly, full-screen, please. "O'Reilly Factor" tonight, big show tonight. We're going to start with, you know, the moderate Muslims. There's a group of imams, who are reaching out to young Muslims, saying, "It's time; it's enough." We're going to talk to a moderate Muslim imam.

GUILFOYLE: Good.

BOLLING: And then we're going to talk a little Bowe Bergdahl and the 2016 race. And Bill O'Reilly has a special message for everyone. Tune in tonight, 8 p.m. -- Greg.

GUTFELD: All right. Real quick.

(BEGIN VIDEO CLIP)

GUTFELD: Greg's Sports Corner.

(END VIDEO CLIP)

PERINO: An oldie but a goodie.

GUTFELD: An oldie but a goodie. Roll the tape. It's the cubs versus the tigers in a present-opening contest. This is in a Polish zoo. You can tell because of the accents of the animals. It's true.

They buried candy inside the boxes, and they let the -- he knows I'm kidding. I hope so, Juan. There you go. So there you go. You got some animals opening presents, because, you know, it's almost Christmas. So this was the kind of...

PERINO: And they knew that they would get some publicity.

GUTFELD: Yes.

GUILFOYLE: Is there meat inside there?

BOLLING: We're going to say good-bye. Never miss an episode of "The Five." "Special Report" next.

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