Updated

This is a rush transcript from "The Five," August 28, 2013. This copy may not be in its final form and may be updated.

(BEGIN VIDEO CLIPS)

DR. MARTIN LUTHER KING, JR., CIVIL RIGHTS ICON: I have a dream that one day this nation will rise up and live out the true meaning of its creed. We hold these truths to be self-evident, that all men are created equal. I have a dream.

PRESIDENT BARACK OBAMA: In 1963, almost 200 years after those words were set to paper, a full century after a great war was fought and emancipation proclaimed, that promise, those truths remained unmet. Because they marched, city councils changed, and state legislatures changed, and Congress changed, and yes, eventually the White House changed.

(END VIDEO CLIPS)

ERIC BOLLING, CO-HOST: Welcome back to "The Five."

On the 50th anniversary of Martin Luther King Jr.'s march on Washington, you just heard President Obama today. Here is more from the ceremony today, Oprah, Sharpton, and others.

(BEGIN VIDEO CLIPS)

BEN JEALOUS, NAACP: As we stand here 50 years after the march on Washington, let us remember that Dr. King's last march was never finished.

AL SHARPTON, CIVIL RIGHTS ACTIVIST: Fifty years ago when they came to Washington, it was not for an event, it was in the middle of struggles.

CAROLINE KENNEDY: Fifty years ago, my father watched from the White House as Dr. King and thousands of others recommitted America to our highest ideals.

OPRAH WINFREY, MEDIA MOGUL: It is an opportunity today to recall where we once were in this nation and to think about that young man, 34 years old stood up here, and was able to force an entire country to wake up.

FOREST WHITAKER, ACTOR: As the bell rings today my dream is that something will resonate inside you and me that will remind us each of our common bond.

(END VIDEO CLIPS)

BOLLING: OK. Greg, a lot to chew over.

GREG GUTFELD, CO-HOSY: One positive, one negative. The positive was Oprah, I loved what she said about the difference between fame and greatness, chasing fame is bad, chasing greatness is good. You can be great locally, forget famous globally. Look at Miley Cyrus, she is not great but she's famous.

The down side, it always seems to me, always seeing Sharpton. He always sticks in my crawl. The Tawana Brawley thing, and Yankel Rosenbaum who died because of those riots. It's going from Martin Luther King to Sharpton is like going from truffles to Twizzlers.

KIMBERLY GUILFOYLE, CO-HOST: I actually like Twizzlers.

(CROSSTALK)

GUTFELD: But I guess every movement has one leader you don't like. There are plenty white leaders that I don't like.

ANDREA TANTAROS, CO-HOST: It's more like a sour patch kid, when you see them, you go eww.

GUILFOYLE: Yes, he makes you pucker, a little weird.

BOLLING: You want to weigh in?

BOB BECKEL, CO-HOST: Yes. Well, first of all, it occurred to me, I forgot Martin Luther King was only 34 years old when he gave that speech. He was not yet 40 when he was assassinated.

He -- my take on all that's been said about what Martin Luther King would have thought, what the world would be like now. Let's remember what the world was like when he did this, when he and the people black and white people like my dad marched in the South. It was a terrible, horrible situation where people had no -- look, you go -- get arrested for beating up a black person and get off by an all white jury, because they didn't allow blacks on the jury.

The time is so much different. It is difficult to say if Dr. King were here today, what?

GUTFELD: Well, we do -- you know, there's a lot of time spent on reflection. Let's look forward.

GUILFOYLE: Yes, but let's also look back. He was "Time" man of the year in 1963, and won the Nobel Peace Prize in 1964. Those are incredible accomplishments at the time. We should focus on some positive, unifying message.

When you listen to Dr. King's speech, it should resonate and be applicable to all families -- to whites, blacks, whatever your, you know, religious preference, whatever your classification of any sort, whatever your gender, ethnicity, it should apply. And that's the point. Unify, not divide.

BOLLING: Let's listen to Congressman John Lewis who really brought the crowd to their feet. Listen to what he had to say. I'm not sure I love this sound bite, but take a listen.

(BEGIN VIDEO CLIP)

REP. JOHN LEWIS, D-GA: The scars and stains of racism still remain deeply embedded in American society. Whether it is stop and frisk in New York or injustice in the Trayvon Martin case in Florida. I said to each one of us today, we must never give up, we must never give in. We must keep the faith and keep our eyes on the prize.

(END VIDEO CLIP)

BOLLING: Now, that was the last living speaker from 50 years ago from that day in 1963. My problem is that here is a black leader, African-American leader, who had the chance to stand up, address the issues, the problems of the marriage and the education and chose to do a stop and frisk and Trayvon Martin.

TANTAROS: Another missed opportunity. When I heard him say keep your eye on the prize, what's the prize, what are they working towards? Because all these issues that keep the black community down John Lewis didn't include.

I assume the prize was equality.

But I actually agree with bob. I think dealing in hypotheticals, people that say if Martin Luther King, Jr. were here, he would love Obamacare, I thought that was pretty presumptuous of the president to say. I bring up his niece again, Alveda King, because she said if her uncle were here, and she knew him -- and I'll give her the benefit of the doubt -- but she said -- if he were here, he would say pull your pants up, speak proper grammar, get your life in order.

And again, President Obama is the perfect person to say that. He is, whether you like him or not, a seemingly good father. His pants are pulled up, he has two degrees, he is very, very intelligent. He is an excellent role model.

And he just misses opportunities I think time and again to address the point that you made, Bob, and Michelle Obama as well. It is a cyclical thing. Guys don't have dads, girls don't have dads, they repeat the same behavior. It's destructive to men and women.

BOLLING: Quick thought, I'm going to do another sound bite.

BECKEL: Well, I was going to say when you say we should have addressed these things, Obama probably should have addressed them, but you talk about the conservatives and the Republicans who get virtually no votes from the black community, why don't Republicans offer solutions?

TANTAROS: I made that point yesterday. I don't think the Republican Party has really addressed that.

(CROSSTALK)

BECKEL: Have they offered up anything?

BOLLING: Ben Carson today, talked about his mother who was married at 13 years old, father took off, he is a brain surgeon and his brothers --

(CROSSTALK)

BOLLING: Let me do this, I've got to get to this. Jamie Foxx. Listen to Jamie Foxx comparing himself and his group to civil rights leaders of the '60s. Listen.

(BEGIN VIDEO CLIP)

JAMIE FOXX, ACTOR: What we need to do now is the young folks pick it up now so that when we're 87 years old, talking to the other young folks, we can say it was me, Will Smith, Jay-Z, Kanye, Alicia Keyes, Kerry Washington, the list goes on and on.

(END VIDEO CLIP)

BOLLING: Greg, so kind of your point. But do you buy that? These are civil rights leaders?

GUTFELD: Yes, I do think the leaders of today come from pop culture, not the pulpit because we have become so separated from religious traditions. It has been harmful to whites and blacks, but the reality is there are some people in pop culture had something productive to say, who knows.

BOLLING: Thoughts?

GUILFOYLE: He made all those friends.

BECKEL: I say this as a liberal, most of these people you list are liberal Democrats, they're not saying enough. Oprah for the first time she spoke out, probably the most powerful black voice in America before Obama. She never talked about these things. First time she got involved is when she endorsed Obama.

The hip-hop community and others that have that kind of power should say something about it.

GUILFOYLE: Should say something, I agree.

TANTAROS: And about Republicans, I know there are some Republicans that stand up and speak out, but I agree with you, Bob, as a party Republicans I think a lot of them are scared, a lot of them feel it is a political nonstarter. Then you see someone like George W. Bush, who did try, made slight inroads and was demonized by certain black leaders. I think Republican leaders should do more but I think they're afraid to do more.

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