bacon cheeseburger pizza. >> bill: also, who is her main cain and why is he running for president? he will be here to tell us. caution, you are about to enter the no spin zone, the factor begins right now. captions by closed captioning services >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. president obama must lead on the economy and stop the nonsense. that is the subject of this evening's talking points memo. more bad news today, more than 400,000 americans filed for first time unemployment benefits last week. raising the specter of a double dip recession. also moody's and other credit agencies are now actually warning, warning the obama administration that the nation's 14 trillion-dollar-plus debt is not acceptable. the president and congress do not address the situation, america's credit rating worldwide will be downgraded. but even if the face of all of this, president obama continues to talk up government spending. >> we could choose not to make investments in clean energy or let tuition prices rise and force more americans to give up on the american dream, we could choose to walk away from our community college system. i want to make clear that's not our history. that's not who we are. i don't accept that future for the united states of america. >> bill: now, talking points believes the president must stop that kind of stuff right now, right now. if the nation were fiscally solvent, we could invest in speculative energy projects. and we could continue funding folks who don't have very much. but america is broke. and private industry has lost confidence in the president. that means much private expansion has stopped and new jobs are not being created. there is no question about it. president obama must wake up and smell the decay. it's not about re-election. this is about the well being of most americans. the economy is going south on mr. obama's watch. and congress is not going to raise taxes in this environment. it's not going to happen. so, in order to stimulate the private marketplace, the president and congress must make it easier for industry to profit. and put all the social justice stuff on the shelf for a while. every poll says the same thing. americans believe mr. obama lost control of the economy. quinnipiac, voters disprove of the voter's economic policies 58%, 36%. abc news, 59% disprove of the obama economic plan. 40% approve. rasmussen, just 31% of likely voters believe the economy will be better a year from now. because of that pessimism, folks aren't spending as much and banks aren't lending. press toe, another recession. or am i wrong? let's stop the nonsense. that's the memo. herman cain will weigh in on this coming up. but, first, the lead story tonight, the destruction of anthony weiner. how far will it go? >> perhaps no indicator of its magnitude, more telling of the weirdness than this. >> according to politico, weiner called bill clinton and apologized. >> what? [ laughter ] the congressman had a sex scandal and had to apologize to bill clinton? for what? copyright infringement? a patent violation? [cheers] >> are you insane? that is insane. i can hear the big dog taking the call. anthony, i'm very disappointed. now, this twitter thing, can anybody sign up? or do i need to go to the apple genius bar? >> bill: joining us now from chicago democratic analyst tamara holder. angela tantaros also an analyst for fnc. something unsettling watching the destruction of any human being even people who deserve it, right? would you agree with that. >> yes. but in this case i think he deserves it. >> bill: does it bother you on a personal basis that this man, anthony weiner, something destroyed? he is being destroyed. does that bother you? >> no. because i think he is the one who is responsible for being destroyed. look, bill, the media wouldn't be beating up on him if there wasn't new news every single day. and the reason people don't want to stop talking about it is because they are skeptical that there is more to come. there may be more to come. >> bill: you have no compassion for the man at all. all right. so, let me ask you about arnold schwarzenegger. he got it but not nearly this level. >>. no he should be sending weiner an edible arrangement for taking him off the headline. >> bill: why? why did schwarzenegger? i think i know the answer to this question. i want your opinion. schwarzenegger did something worse, did he not? >> well. >> bill: did he not. >> i'm not the moral arbiter. >> bill: look, if you are going to compare an unborn -- a child without a father to a twitter, come on. >> i don't know. i have seen some of these tweets and the way he has spoken to women. i think it's pretty bad. look, bill. >> bill: i just want to get this clear. you are telling me in your opinion, tweeting and having a kid out of wedlock and hiding the kid for 12 years, you are saying. >> i think they are both bad. >> bill: really? >> i do. there is a reason why. >> bill: i'm not saying they are not both bad but i think the kid -- all right. >> here is why they are going after weiner. they are going after weiner because he has been arrogant. he has been combative with the media he drug thed me yansd the country on the surface and lied to them. >> bill: pay back all year long and you are will there the reason schwarzenegger didn't get it. >> because is he not arrogant you know what. >> bill: the media likes schwarzenegger personally. >> weiner lied over and over and over. >> bill: schwarzenegger lied over and over and over as well. tamara, do you feel sorry for weiner as a person? we are watching a human being be destroyed. we are. >> right. >> bill: what dudes. >> i say he is a guy who is trying to get some side action. he is a guy who clearly was in denial. a guy who was caught. and he behaved like a man who gets caught cheating, you know, in denial. >> bill: we know that, tamara. >> you don't have to go all of that we know it the key question is, do you feel sorry or is it disturbing to you to watch a human being be destroyed like this? >> yes. i do. because he is not somebody accused of violating the law. there are -- there is due process here. there is a congressional inquiry committee. there is also a congressional board. and there are his constituents. if he is not liked by his voters, then they will vote him out in 2012. >> bill: we have heard all of that before. tamara, with all due respect we have heard all these nonsensical -- i don't say that in the sense. >> not nonsense. feather in the hat. the guy thrown under the bus. and let's move on. >> bill: listen to me and learn as they said in fast times at ridgemont high. this man represents the united states in congress. he embarrassed our country all over the world. he lied to the american people. he attempted to use the media. there is nothing good about anthony weiner in this situation. nothing. zero. okay? >> right. >> so, the question then becomes the same question that i asked andrea. we're watching a guy get what a lot of people think he deserves. total destruction. tiger woods destruction. okay? that means for the rest of his life he walks around with this on his -- disturbs me a bit. despite having no regard for him at all, it disturbs me. go. >> bill, he eventually came out. it took him a week or two, but he eventually came out and he apologized for his behavior. >> bill: he had to. had to. >> okay. but you are asking about the media now and the destruction of him. i think he came out. he came clean. and he is not accused of violating any laws. he is not a creep like massa or anything like that. >> bill: legal analysts say he violated the law by using his office, you know, for his hobbiened a being paid by the taxpayer. all right. i got 30 seconds for each of you. something unsettling to me about watching a human being get torn apart. unfair really unless is he a felon child molester, whatever. >> i don't like what the left-wing media is blaming her for. this they are bringing her in the middle of this. barbara walters said maybe she was away too much. she travels a lot. i think this poor woman deserves some peace. >> bill: compassionate for her but not for him. >> bill, i do think that now weiner finally is being honest in handling the media. >> bill: we can't read his mind. >> it's too late. i think republicans should lay off him though. >> bill: all right, tamara, last word, go. >> sure. i think it has nothing to do with his wife. as far as the media beating her up, you know, that's a family issue, bill. and, look, it's a matter of the voters in 2012. it's a matter of the media laying off and finding something new. andrew breitbart should do a bigger investigation than a guy tweeting something of himself and throwing himself under the bus. i mean, that was the like the easiest discovery ever. >> bill: you can't have this level -- when he represents the country in congress, certain things you can't do. but it's an interesting thing and i want everybody to think about it about the schwarzenegger comparison to weiner and how the media handled both of them. andrea, thanks very much. tamara in chicago. next on the run down, sarah palin unleash as new video that looks a lot like a campaign deal. even as a new poll says most measures don't want her to run. herman cain might be governor palin's competition in the presidential race. mr. cain will be here moments away. the coun chevy event is here. turn it up in a malibu. 33 mpg, over 500 highway miles a tank. one of our 9 models over 30 mpg highway. fuel up, rock on. very well qualified lessees can get a low mileage lease on a chevy malibu ls for around 79 a month. fuel econombased on epa estimates. nd there's aat selectio of inventory available now t your chevy dealer. count on chevy for more out of every mile. with your host, betty white. featuring lifetime aarp member, betty white. and betty white. i'm sorry, betty isn't here. 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[ male announcer ] joininaarp is only sixteen dollars a year. so call in and t a free travel bag when you join now. >> bill: impact segment tonight, if sarah palin is not running for president, she is doing a pretty good job manipulating the process. political action committee now posting this advertisement. >> this week of touring has been one of the best weeks of my life. it's been an honor to get to meet so many amazing, wonderful americans who are deeply concerned about the country and do want to restore what's right about america. >> sarah palin says this is no campaign bus, and that herself-described one nation tour this week is all about paying tribute to american history. >> we go along looking at the historical sites, we're highlighting what it is that built america our strong foundation in order to move forward. >> bill: sarah pac is in business to raise money for the governor. if you want to see the whole thing go to the web site. the question is governor palin's flirtation with the presidency harming her own party? pat caddell. harming? >> i think she is. she is sucking all the oxygen. that's the phrase. she is the elephant in the room. she has the heart of the party but not their head. you know, you have got 42% of republicans who say they won't vote for her under any circumstances. she is running way behind because people have questionings, independents do and even republicans whether she should be president. the problem is they love her to death. you know what it reminds me of in iowa when howard dean and john kerry, you know there was a bumper sticker date dean marry kerry. >> bill: dean won that primary. >> he lost in iowa. he was upset. that's where kerry emerged. he was the frontrunner. >> bill: dean, that's right. that was dean. he was yelling and then. >> the whole yelling thing. the thing was that people wanted to beat bush. >> bill: okay. >> republicans want to beat obama. the problem is the candidates who need to be looked at, she is sucking. >> bill: there many are, many conservatives and people who support sarah palin who believe should could beat obama. i get mail like that every day. this is my question. i don't know whether sarah palin is going to run. all the experts here at fox, morris and rove. they all say she is not going to rub. then they produce a spot like that. that's morning in america. >> it's morning in america. i'm reviving the country. >> bill: takes money to do that takes money to fund her pac and do all of this. if she is not running, why is she bothering with all of this stuff? people say she wants to raise her profile and king maker in the party. influence, jack up lecture fees, whatever it may be. do you see any reason to give all of this attention and put the commercial out. >> not only that she has a movie coming out. it's a 2 hour movie they are opening in iowa. it looks suspiciously like a campaign. >> bill: right. but if that's the case how does she overcome her negatives which are the highest negatives in the business? she has the highest negatives of any republican contender or somebody who is even thinking about it. there is nobody even close. >> no. but the thing is she has an intense minority. you have a big field. >> bill: she has got to look at it from do i have a chance to win? >> that's what i would thismt but, you know what, bill, candidates become crazy in this process. >> bill: she is not crazy. >> i don't -- -- i want to run, i want to make a statement. i want to do it for a while. whatever she is doing. you know, candidates don't start with the fact that they can't win. that's why they see crowds. i remember when george mcgovern was running. he thought he was going to win. he had 60,000 people everywhere. but it's harming the other candidates getting attention. >> bill: we have herman cain coming up behind you. the other candidates are getting attention. remember how far out it is now. it's not like they are going to be wall-to-wall. let me ask you. this she has high negatives, sarah palin, right? everybody knows that. even among republicans, absolutely. independents don't really care for her and democrats loathe her. is it all about the media? hammering her? >> a lot of it is. but a lot of it is also she had a period after she left the governorship which hurt her to do. >> bill: the resignation. >> to go out and show that she was being substantive. by the way. the last appearance she did on chris wallace sunday, her statement today about the russians, except for the wtf part of it at the end was a very reasoned, argument. >> bill: she has got people behind her now. >> she is doing this but she is making substantive statements. the problem is that period she didn't look like she was really out there except for being a -- >> bill: reality show hunting show hurt her. >> if you are going to run for president doing a reality show running around doing hunting and fishing isn't the way to do it. >> bill: pat caddell thank you very much. herman cain makes his debut on the factor with me. polling about 7% with republicans right now. we have lots of questions for him. then the supreme court says california can give illegal aliens college tuition breaks. what? coming right up. i will send this to shelley. yeah. and i can have a proposal to you within half an hour. we're a small business. with 27 of us always in the field, we have to stay connected. we use verizon tablets, smartphones. we're more responsive. there are no delays. delays cost money. with verizon, we do things quicker and more effectively. more small businesses choose verizon wireless than any other wireless carrier because they know the small business with the best technology rules. >> bill: personal story segment tonight atlanta businessman herman cain wants to be president. 7% of republicans are currently supporting him. key members of newt gingrich's staff quit today. not good news for him. anyway, mr. cain is a former ceo of the godfather pizza chain and ran from the u.s. senate from georgia he was defeated in 2004. now he is getting national attention. >> i say we should listen to the man who made his fortune selling bacon cheeseburger pizza. [ laughter ] americans don't have time to read complex legislation, they are too busy getting their hearts restarted. fleur. [ laughter ] president cain will not tolerate legislation longer than a pizza menu. >> bill: mr. cain joins us now from atlanta. you know, that's a compliment to you that you have broken through to those pinheads over there on the colbert report. they are paying attention to you. >> yes. that's a good thing, bill. >> bill: if there is one overriding reason why you should be president of the united states, what would that reason be? >> that reason would be it's time to have a problem solver that knows how to apply business skills to solving the problems of this country in the white house. we have the wrong person in the white house. he has put the wrong gas in the tank of this economy. spending. we need to put some different things in the tank of this economy so we can grow it. problem solving business. >> bill: give me one example of what president obama has done wrong in her opinion. >> he did not rure sound himself with the right people. >> bill: i want a nuts and bolts mistake he made on the economy. >> he didn't lower taxes. he increased regulations. if you stop right there, that's why this economy is not growing, bill. >> he didn't stimulate the private sector by giving folks more money. >> correct. >> now, we would assume if you were elected president that you would, you know, lower taxes dramatically; is that correct? you would lower taxes, right? >> that is correct. i would lower the top corporate tax rate. i would lower the personal rate. also take the capital gains rate to zero. >> bill: no cap gains so that would make, you know, capitalists go real happy. how do you get the $14 trillion debt down when your revenue stream is going to drop particularly from the cap gains. you are not going to get any from that sector how are you going to get that debt down. >> that assumes static analysis. i'm assuming dynamic analysis. which means that if you lower taxes the right way, if you look at the decade of the 60's when kennedy lowered taxes. if you look at the decade of the 80's when reagan lowered taxes. decade taxes went up auto%. it will not take rev now out of the treasury. secondly, at the same time you are increasing the growth in the economy. you are taking some hard cuts on spending. you have them going in the right direction. >> bill: all right. look. the revenue enhancement came under president bush, that's the most recent example in the 90's because the capital gains was cut to 15% and people invested in the stock market, did well and the revenue came. in you are saying you wouldn't take a dime from that. so if revenue is going to go down, it would go down dramatically if you were president. now you say okay i'm going to cut. you have to cut unbelievably down to the bare bones to, you know, to bring that debt down. >> but, bill, you have a major -- i disagree with you on one of your assumptions. it is not going to -- this is the myth that has been planted in the heads of a lot of people. >> bill: i don't know where you going to get income come from if you don't have cap gains come in. >> when the capital gains rate is taken to zero. small businesses benefit the most. they put their money into small community banks who loan money to small investors. big banks are not loaning money to small businesses. this is why this economy is not growing. >> bill: that's good for the folks, good for small business. where is washington's cut? >> washington's cut? washington doesn't get a cut. look, bill. >> bill: i know it doesn't. that's what i'm saying that your r