Fast & Furious: Who has the moral high ground?

This is a rush transcript from "The Five," July 2, 2012. This copy may not be in its final form and may be updated.

GREG GUTFELD, CO-HOST: So, folks on the left and in the media -- same thing, really -- say the "Fast and Furious" scandal is motivated by partisanship and hatred for President Obama. I can see why. For some people, they might be right. But if that perspective holds true, then so does the reverse that the casual dismissal of "Fast and Furious" is also political, motivated by partisanship and a love for President Obama.

So, politics is behind the pursuit of truth for the Terry family, but also behind distancing from the truth, who side should it be on?

It seems to me that after the accusation of political patty cake are played out, you are left with a dead American and scores of dead Mexicans, all due to arming criminals. Partisanship on either side doesn't change any of that. But only one kind can answer for it.

So, if I were to pick a side, knowing both sides are political, why not go with the one that seeks to answer the question desired by grieving family? Being politically motivated to say it's not a big deal doesn't hold.

So, where are Woodward and Bernstein? Tell someone to call Martha's Vineyard and tell them to put down spritzers and step up. If Bush had done this, they'd be trying him in The Hague by now.

Bob, aren't --


ERIC BOLLING, CO-HOST: That was very confusing.


BOLLING: I was having a hard time following.

GUTFELD: What's wrong? What I'm saying is, right now, they are saying that -- they are saying if you were pursing "Fast and Furious," it's political. Not pursuing is political. That's the point.

Should I just have said that and skipped the monologue?

KIMBERLY GUILFOYLE, CO-HOST: It was a little verbose. But I don't want to --

GUTFELD: Maybe it was just over your head, Kimberly.

GUILFOYLE: Oh, believe me, I got it all.

GUTFELD: I'm out of here. I'm so gone.

DANA PERINO, CO-HOST: I followed it.

GUTFELD: Oh, you did? Oh, good. Dana, tell me how good it was.

PERINO: That was one of the best monologues I've ever seen.

GUILFOYLE: Even Jasper liked it.

GUTFELD: That's $4 right there.

Bob, you followed me, right?

BOB BECKEL, CO-HOST: I certainly did.

GUTFELD: What did you make of it?

BECKEL: I thought it was political.

GUTFELD: It was political. There you go.

BECKEL: I don't -- frankly, this being the last show in America still following the story.

GUTFELD: But that's my point.

BECKEL: You know, you made this story -- this story now has come down to justice for one family, of a tragedy. I don't remember the media pursuing the tragedy of all of those people killed in Iraq who died under circumstances who never should have happened.

PERINO: What are you talking about?

BECKEL: I'm saying that the people who were killed in Iraq were killed for a war they didn't need to --

PERINO: And you don't think the media covered that every single day all day long?

BECKEL: I don't think they made it dependant on one person's name, after another person's name --

GUTFELD: Oh, my God. At Huffington Post, it was a drip, drip, drip of horrifying numbers.

BECKEL: Was it in the Wall Street Journal?

PERINO: Of course.

GUTFELD: It was everywhere.

BECKEL: They all -- the Wall Street Journal agreed that it was illegal war and we shouldn't have people die?

GUILFOYLE: You are changing the premise --

PERINO: You are saying no one covered it in any paper? If you're talking about the Wall Street Journal editorial page, that would be a different thing. But to say that -- anyway --

BOLLING: Can I point something out? You just said one person died. I mean, it's tragedy of Brian Terry. But are you ignoring the 300 or so Mexicans that were killed at the hands --

BECKEL: I'm not ignoring the 50,000 who have been killed in this drug war using guns that had nothing to do with the "Fast and Furious."

BOLLING: But what about the 300 Mexicans that were killed with them? They don't matter?

BECKEL: Of course they matter. Every human being matters. But the idea that 50,000 --

BOLLING: Political, it's political?

BECKEL: But the idea that somehow the 50,000 -- this is a war that's going on there. This was a project that went awry. They would have gotten guns anyway.

GUTFELD: Now you just argued against gun control. Why control guns if they can just happen anywhere?

BECKEL: Well, if it's up to me there wouldn't any guns.

GUTFELD: I wish there were unicorns on the moon, Bob.

BECKEL: I know.

BOLLING: They're not?

GUTFELD: They're not. One day.

Kimberly, OK, why -- where are all the constitutional scholars? Why aren't they weighing in on this? Why is it not important?

GUILFOYLE: They are crying and in mourning over what happened with Chief Justice Roberts.

Here's the thing -- I agree with your premise, what you had to say in the beginning before it became verbose and complicated.

GUTFELD: No more monologues. They're done.

GUILFOYLE: They're banned.


GUILFOYLE: Who cares how we arrive at it if we had to get to justice? Whether it's the Democrats speaking it or Republicans speaking it, this investigation should be pursued, it should go forward. It should matter, whether it's one individual or it's also the death of 300 plus individuals. That's what bothers me about it, because it's completely now been broken down to political terms.

BECKEL: There will be a trial --

GUILFOYLE: That is missing the point. We can't proceed forward because the man who supposed to be the most transparent and, you know, justice is blind, Eric Holder, is refusing to turn over documents.


GUILFOYLE: -- held in civil and criminal contempt.

BECKEL: Dana said the House is going to cast a civil lawsuit.

GUILFOYLE: They are. They're going to go to federal district court.


BECKEL: They'll be able to ask Holder questions. But --

BOLLING: Do you think any of us would talk about this now if they turned over the documents?


BOLLING: Of course not. It's a cover-up. That's the most interesting --

BECKEL: You call at it cover-up. I call it constitutional right.

BOLLING: But we don't know -- if we know what the documents said, we would know if it was in fact the cover-up or if it was constitutional --

BECKEL: Why should you have the right to know what the documents say?


PERINO: Because --

GUILFOYLE: They lied.

BECKEL: How do you know they lied?

GUILFOYLE: Because they admitted it. They said, we know we're

talking about, oh, yes --

PERINO: That is the point, that they initially said one thing. Several months later, they said another thing to the Congress on the record.

What people have been asking is what happened in the intervening time. I don't think it's unreasonable. And the fact that they know it, but they won't say it, even if they are to not turn over the documents but fed doesn't see it.


PERINO: Which is what has happened before in accommodation, I think that is probably where they will end up. Probably will happen before the election --

GUILFOYLE: It's ridiculous. All they said before is we're going to turn over what we feel is a fair compilation, then after this, it --

PERINO: Death of somebody politically.


BECKEL: It didn't exist by the time they said it did. Obviously somebody didn't know at one end. They had to correct themselves. In the interim, they try to figure out what happened, right? I still contend that they found out that somebody blew it and Holder decided to cover for him. Those are --


GUILFOYLE: We know that, then?

BOLLING: Hello! Red light going on. Light bulb.

BECKEL: I said that last week.

BOLLING: Holder is covering up.

BECKEL: I said they decided --

BOLLING: Covering it up.


BECKEL: Holder decided to cover for them. Those are internal discussions which have no right to be in your hands or Congress of the --

GUILFOYLE: Why doesn't he turn them over and step down? Do it now.

BECKEL: You want to have every executive turn over internal --


GUILFOYLE: It's the right thing to do.

BOLLING: What is the next thing Holder will cover up, Bob? What's the next thing on the list?

BECKEL: That's not the point. The point is protection of international documentation and the discussion between the administration officials is something they should keep with the executive -- as simple as that. Congress has no right to it.

GUTFELD: Well, I'm going to turn over my dream journal.

GUILFOYLE: I don't want to see it.

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