i'm shepard smith. thanks for having us into your place tonight we're all back tomorrow noon pacific, 3:00 eastern for "studio b." fox report every night 7:00 eastern. and then this guy. >> bill: the o'reilly factor is on. tonight: [sirens] shouting. >> bill: british prisons at capacity because so many thugs are being arrested trying to tear down their own country. now some are blaming the rich for the rioting. >> rich people do what they want. >> >> bill: will these scenes soon happen in america? we will have a special report. another catastrophic day on wall street. americans are being hurt. so what are the implications for you? lou dobbs and dick morris will analyze. >> you have been to libya and you have been to iran. who is paying for the travel? >> also, jesse watters

confronting former congresswoman cynthia mckinney. is she getting paid to bash america in muslim countries? in addition, dennis miller will handicap the republican debate tomorrow night. >> set me up a hammock in your rec room. i'm coming over for a sleepover. >> bill: 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. the talking points memo this evening is on whether the violence in england will soon come over here. we have that for you in the next block. but the lead story tonight, another catastrophic day in the stock market. dow dropped 520 points. nasdaq down more than 100. in the past three weeks, the dow has dropped 1850 points. obviously trillions of dollars being lost in the private sector. here now, fox news business

anchor lou dobbs you see him at 7:00 p.m. each day on fbn. what is going on here? >> what's happening right now, bill is, a loss of $3 trillion over the course of the past two and a half weeks. to put that context. it's one fifth of the gross domestic product in this country every year. what is going on is that we are seeing expression of a lack of confidence and faith in the leadership of this country. and its principle institutions among them business institutions, the markets and the stocks of the companies they represent themselves. >> bill: all right. now, some are going to say lou dobbs is a partisan anti-owe bottom that guy and framing in a political way, it's not fair, it's not right. obama had nothing to do with it and really congress' fault because they couldn't get the debt deal down so that the market would be comfortable with it. >> first, i would say, one, the republicans said the same thing when george w. bush was in office when i criticized his policies. i'm inneurod to that political

view. the president is the leader of this country. secondly, congress' responsibility is also present just not as large as that of the president. the fact is that for 30 years we have had a failure of leadership on this country on the issue of budgets and deficits. and debt. >> bill: all coming home to roost because we have a liberal president who doesn't seem to understand that he has to stop spending. i think that message is a very bad message. let's be fair about that i want to be fair about this. >> sure. >> bill: i thought and maybe you thought the same thing that when these pinheads finally got this deal a couple of weeks ago. >> yeah. >> bill: finally that we weren't going to go into default. we are going to pay down our bills and pay down the debt. that the markets would say, breathe a sigh of relief and then it would be business as usual. the opposite happened. why did the opposite happen? >> the opposite happened for a

number of reasons. but, chief among them, rising concerns about insolvency and the banks in europe. >> bill: europe is the reason we are suffering. >> it's one of the reasons. the second is that we are not seeing significant growth in this country. talking about less than 1% growth in our own economy in the first half of the year. >> bill: so these surveys come in. and the combination of europe and no growth in the u.s.a. were you -- are you surprised 1850 points? almost -- are you surprised? i didn't hear one financial guy, not one come on television in july or june and say, you know what? you better start selling stocks. i didn't hear anybody say that. >> i'm not surprised that you didn't. the idea of forecasting turns this deep this profound in the market is not the long suit of financial journalists. >> bill: you didn't do that either. >> absolutely not. >> bill: couple of guys on the fringe but they always say it's going down. poor folks who invest their

money into their 401(k)'s. their educational funds, health funds, whatever it may be. looking at now portfolio down 50%, 440% in a week. this is just erodes confidence in the whole system. does it not. >> absolutely. it is an expression. bill, what is really troubling here. aside from the harm that it's done financially to millions of americans near the president nor congress could get anything significant done. the deal on the debt ceiling is at the margin. i reported that the sad part is they had to create a super committee to get fast track authority to do what they capacity to do? >> no doubt they are all responsible to some degree. but president obama is the president. and the democratic party is the party of spending. it's the party of spending. >> this is no longer ideological, bill, if i may say.

this is staring us straight in the face this is not about tax increases. this is not about the left or the right. as i have said. we have seen historically low tax rates we have seen historically high stimulus spending and neither has resulted in the creation of jobs. time for washington, d.c. and the business committee to come together and talk honestly about the business practices, the banking practices. >> bill: that's going to take years. is there anything obama should be doing right now to stop this madness? >> first thing he should do, he has done. that is to be quiet for just a moment. you think that's the right strategy. >> exactly the right thing to do, bill. second thing is to begin to elevate his own rhetoric. he needs to inspire, not to depress the american people. >> bill: i think he needs to come out and say i was wrong. we're going to cut back the spending and cut back all this stuff and get the deficit under

control. >> he went on apology tour for the country. i won't demand the same of him personally. what i will ask him to do is try to elevate his rhetoric. >> bill: wouldn't that calm things down, i was wrong. can't spend. cut as much as we. >> that will be the manly thing to do. i won't ask that of him. >> bill: i will ask that of him. i don't think he has a chance of n. hell of being elected. morris is coming up as well. lou dobbs thank you very much. next on the run down as the economy near you. dick morris happenings mentioned on the political implications of the economic chaos and a preview of the republican debate tomorrow night right back.

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>> bill: the subject of this evening's talking points memo. riots in great britain are a reminder that there are people who will destroy, physically destroy society if they think they can get away with it. at this point british authorities are under siege. they say jails are overflowing because more than 1200 thugs have been arrested just this week alone is damage will be in the hundreds of millions and the entire country is on edge. the same thing happened in america back in 1992. when 58 people were killed. more than 2,000 injured after los angeles police beat a black motorist rodney king. the riots caused a billion dollars worth of damage. some neighborhoods in l.a. still have not recovered. i was right in the middle of

those riots in l.a. can i tell you once violence starts to get out of control, some people turn into animals. that's what's going on right now in england. the bbc caught up with two young women who were actually condoning the violence. >> it's the government's fault. >> yes. conservatives. >> people >> bill: take away from that rich people are responsible for the riots in great britain. rich people are the villans. that kind of class warfare is on play in washington. so-called people tax cuts for the rich are harming the economy. they bang that drum over and over and over. new cnn poll says a message is

getting through. 63% of americans believe there should be tax increases on businesses and higher income americans. just 36% say there should not be. 87% of americans say the middle class and lower income americans should not be taxed any more, just 12% say they should. that poll certainly will fuel class warfare. with u.s. economy in dire trouble it, may be just a matter of time before violence breaks out in this crun trirks people are angry. some blaming the rich. others blaming president obama. some blaming the tea party. the blame game is everywhere. instead of calming things down president obama seems confused. it doesn't have economic message. the president seems to be willing to take that chance. the big culprit is rampant government spending and out-of-control medical costs. tax rise does not address those problems. as talking points stated earlier this week. the entire tax code should be revamped so the government could get more revenue without harming the economy. and programs like medicare and

social security have to be revised for younger americans at least somewhat. finally, great britain is a cause sigh nanny state. they have free health care and safety nets all over the place. yet their society son fire. no question that is a warning to us. and that's the memo. now for reaction. with us here in the studio erica payne, president of the agenda project a liberal organization. and maria antoine netty who owns a small business herself. am i going wrong here? >> no, not at all. not at all. here is the problem. we are misdefining the word rich. and i keep saying this in my mantra over and over again. don't confuse a $250,000 business with million and billionaires. we are in the same category but we don't live the same type of lifestyle. when you want to talk about rich, you are talking about the businesses in your community that if we continue this class warfare will no longer be there. we will begin to be communities

of just big brand and big names and big corporations. and you are going to lose the mom and pops because we are barely hanging on as it is and that is where you will lose the innovation. the class warfare will tear our communities apart at its core. this is wrong desks. rich, no. most of the pima category are not rich small business owners trying to survive. we get paid last. >> how did you feel when you heard those two women in britain say it's okay to riot they are rich people. this class warfare now is getting to be pretty intense. >> what's happening in britain is horrifying. i think their reaction there is a riot tonight is also horrifying. i think that you have got to look at what happens to human beings when they are pushed to the edge of their isn't a. you sanity. not some people turn into animals. all people will turn into animals if pushed far enough. >> bill: people in britain and

london pushed to the end of their sanity. they have free health care. generous unemployment benefits. pension benefits. the unions are strong there they are pushed to the edge of sane sanity. >> if you look at this community tottenham where this all started. this is not a community that is a middle class community. you are talking about a huge number of unemployed. >> bill: well, yeah. uneducated people. many of them are immigrants. many of them can't speak the language. of course they are going to be unemployed. liberal mind set has brought us economic disaster here in america in my opinion. your agenda project, alan colmes, barney frank have brought this country to economic ruin because you fail to understand that we are a capitalistic nation. and in that system, there are winners and there are losers. if you take all the incentive away from succeeding and start

to give people entitlements you have what you have in england where is mine? give me more. and that's what's happening here s that what the stock market is telling you today our entitlement society our $14.5 trillion debt is no longer sustainable. yet, you want more spending. more. >> so, bill, if you look at the s&p downgrade and the negative outlook that they gave us, if you look at the base case scenario and the downside, all those factors are basically same. the only difference between the base scenario on what they based the downgrade and the upside, which is we'll get out of this and maybe get to a decent credit rating again the single only difference if you read that report is the ability to raise taxes on the wealthy and letting the bush tax cuts expire. >> bill: ability to. >> it's letting the bush tax cuts expire.

that is the single only difference in that report. >> bill: that's fallacious. you can raise revenue, more revenue and we showed it yesterday. bush had much more revenue coming in because the economy was good. and you can raise it by a flat tax and other things. taxing the rich isn't going to do it. i'm sighting with you and not erica. i don't want to gang up on erica. that's not fair. i sincerely believe that this country now is at the breaking point. that you can't spend any more money yet president obama doesn't seem to believe that that is the simplicity that i'm trying to bring to this argument. so, is there something here i'm missing from your point of view? >> >> well, i think what is really, really missing the point is that business owners are at their wits end. they are now. >> business owners are. >> bill: wait. >> it is not worth it they are talking about closing up. they are saying let me cash out of everything. >> bill: they are not hiring. that's for sure.

>> going to call it quits. >> i ran a small business for 10 years. this is actually preposterous. the reason that small businesses are concerned is because there is not enough demand in the economy. if you look at the jobs report. >> that's not true. >> i'm going to finish my point. if you look at the jobs report from last month, we had a net gain of 117,000 jobs. the reason we only had a net gain of 117,000 jobs instead of 157,000 jobs is because 40 people in the public sector got laid off. those are 40,000 people who cannot take their clothes to the dry cleaners, cannot take their kids to a local restaurant. so small businesses are suffering, it is because we are continuing to lay people off. >> bill: wait a minute. you think that small business, like ms. anton netty represents wants to hire people? they don't. he are afraid of obama case. >> businesses really would like some customers. the best way to have customers is to increase demand. best way to increase demand is put people to work. 18% unemployment record and 40%

of our country does not have internet access. that's an area that we could build. >> bill: we means the federal government and you have got to stop it i'm giving you the last word. go ahead. >> it is absolutely not lack of demand. lack of internal margin. as he goes after rules and regulations and pushing the small person out of business. listen to me. i let you speak. you let me speak. >> bill: erica? >> when you talk about pushing transportation, talk about laying off the people in coal. lay off coal. energy go up, double my bill. you are hitting me where i have k. no longer make any profit to hire anybody. i don't have lack of a top line. >> bill: good debate. i'm sorry it was two against one. really not fair. >> that's all right. >> bill: directly ahead, dick tore his on the political implications of the awful economy and look at the g.o.p. debate tomorrow night. former congresswoman bashing the

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>> bill: personal story segment tonight. fox news will broadcast the republican debate tomorrow night at 9:00 p.m. here to automobilize what the candidates must do and the political implications of the economy dick morris.com. get this out of the way. tomorrow during the debate you are going to be blogging on your web site live. so you can watch the debate and. >> have two eyes. >> you are going to go that was stupid, that was smart. >> when you watch fox, you watch my web site. >> bill: barack obama now with the stock market collapsing, i don't see how can he come back. >> he can't. it's a matter of time enemy the

democrats keep saying we can't win the white house, let's concentrate on the senate. obama was not going to get elected before a week ago. is he certainly not going to get elected now. >> bill: how you can be sure. charismatic guy. approval rating is still not below 40%. >> undercorresponding everything i have been saying for two years are the predictions eileen and i made in our book catastrophe, is that the book would enter a second recession, a double dip that-bama would have no remedies, eaten up whatever slack there was by early spending. unemployment would rise to election day. now is a coming true exactly as we predicted it i believe that obama will have to run for president with unemployment rate well over 10. with an economy in an actual recession i have always felt that it was inevitable if you understood the impact of this man's attempt to remake the

american economy and freeze everybody through, scare fear over exchanges rather than focus on recovery. the economy now is frightening people, okay? >> yep. >> when people are frightened, they often act irrationally. how does this play out? because the stock market down 1850 points in less than three weeks. i think dobbs said $3 trillion private economy wiped out. >> right. >> what happens now. >> i think it's going to continue to drop. >> bill: the market. >> market and the economy. i think you are going to see more and more evidence of this administration's policies ratcheting through there is a rain of terror. healthy businesses will not hire new people because what's obama care going to do? manufacturers won't expand because they're going to regulate my carbon. rich consumers third of all consumer spending won't spend because my taxes are going to go up. small banks won't lend because

the done don frank close me down. efforts to restructure economy have blocked any efforts at recovery. >> now, tomorrow night, i expect the republicans in iowa not to debate each opener but just to bash obama. >> there is a great poem by edgar vincent. when i was coming down a stair i met a man who wasn't there. he wasn't there again today i wish i wouldn't go await a minute the man who won't be there tomorrow is rick perry. everybody will be anticipating thinks arriveal. >> bill: i don't think the folks know rick perry at this point. they are looking at the people on the stage tomorrow night i think they are all going to go after barack obama. who can top each opener to vilify the president. >> that's true. they all have missions how they go about it romney has to be more conservative and guard against perry's inroads in his

base. bachmann has continue to be the different person. she has got to focus on the anger over the debt deal and mobilize her position as a congressman. cane has to demonstrate why he is different paul has to demonstrate that his ideas being proven correct. >> with all due respect to congressman paul and herman cain they don't have a chance. all right? it's okay people like them and all of that they are not going to get the nomination. the three that have a chance are romney, perry, and bachmann. that's it. it looks like the stock market collapse helps romney and perry, they position themselves as successful executives in the business realm. >> yeah, but perry's arrival into the campaign throws a real threat at romney. >> bill: it does beings absolutely. >> job creation but, b, he can flank him to the right on social policy. >> bill: independents look like they are going for romney. new fox news polls says they are

breaking for romney big. >> they are now. >> romney has led a blessed life because every major opponent has dropped out. one is about to drop. in will he be able to solidify his hold on the conservative base in time to hold. >> bill: you expect for romney tomorrow night to go right. >> to the right and ratchet up the and the energy level. >> bill: morris will be blogging on dick morris.com. you will have to watch both. all right. dick? is that okay? very good. plenty more aheads the factor moves along this evening. former congressman woman bashing the u.s.a. around the world. who is paying for that? jesse watters confronting her. dennis miller on tomorrow's republican debate. also, political whining, is it an epidemic? we hope you stay tuned to those reports.

>> bill: watters world seeing: former georgia congressman woman cynthia mckinney is a radical leftist who was voted out of

office in 2006. now she is traveling to muslim countries bashing the u.s.a. two sound bites from her first from libya and then iran. >> people inside the united states are losing their homes and the government of libya is building homes. those black leaders throughout the histories of the united states, who have tried to correct these imbalances have been targeted and demonized by the united states government. those who have worked very hard for peace, there was a time when we almost won. we almost won in the 1960's. but, unfortunately, because we were so close to winning, the authorities fought back. we were so close to winning and then they killed john kennedy. , our president. they killed malcolm x.

they killed dr. martin luther king jr. >> they were killed by the authorities? >> yes. >> okay. >> yes. this is all documented. >> bill: no, it's not. so, we want to know who is paying cynthia mckinney to go to libya and iran to bash her own country? ms. mckinney's office wouldn't tell us. so we sent jessie watters up to see her in boston last week. >> have you been to libya and have you been to iran. who is paying for the travel? >> you will see who is paying for the travel when we conduct this meeting. and, in fact, for libya, what you will see is that average, ordinary folks are helping to retake credit cards -- >> what about you traveling to iran? that's pretty expensive. >> well, iran was with the global forum for peace. >> so were foreign governments

paying for any of the travels? >> these trips, as you will see today in this delegates is people through their dimes and their dollars are paying off the debts that were put on credit cards to cover the transportation to libya. and it has come right from the people here all across the u.s. >> bill: here now is jesse watters. who was that woman? >> she is running cynthia mckinney's u.s. leg of the journey. she is from the anticapitalist group called the international action center founded by saddam hussein's defense attorney. >> bill: okay. so i don't believe for a second that cynthia mckinney is running around the world and not getting paid. who do you really think is behind all of this. >> we think it's the iranian regime. here is what happens. in may she goes to iran for a peace conference. okay? which is ironic. mahmoud ahmadinejad was the keynote speaker. now, she claims that she wasn't paid to speak there but they wouldn't answer my question about who paid her travel

expenses? now, she insisted that ngo's were sponsoring the conference, nongovernmental organizations. we found out the university of tehran was one of the sponsors, that's a state-run university. >> bill: all right. so we can assume that iran paid for her to go and libya paid for her to go to spout anti-propaganda against her own country. is this illegal in any way, shape, or form. >> she claims that libya didn't pay. she claims she paid out of pocket for that and now she is going cross-country. >> bill: has she known receipts. >> she hasn't shown me any receipts, okay. i will ask her for receipts. >> bill: i mean, you can't just go to tripoli, you know, it's not that easy to get there. >> she flew into to your tunisid drove across the border. >> she showed up on three different sets. >> bill: hey, i'm here. i just drove in from tunisia. who is buying this? >> she did the bbc. she did russian television.

>> bill: is it against the law to do what she is doing. >> state department issues travel warnings. >> bill: she is go wherever she wants and bash the u.s. and say whatever she wants. >> yes, she can. that is legal. >> bill: borders on treason to me. i guess you can't make that case. all right. see if we can get receipts from her. >> i will look into that. >> bill: thank you very much. when we come right back, it will be miller time. dennis will republican debate tomorrow night and address the political whining. miller is next. app grapgic: yeah dawg! man 2: allow me to crack...the bubbly! man 1: don't mind if i doozy. man 3: is a gentleman with a brostache invited over to this party? man 1: only if he's ready to rock! ♪ sfx: guitar and trumpet jam vo: geico. 15 minutes could save you 15% or more on car insurance.

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the frontline plus killing force is there annihilating fleas and ticks. visit completekiller.com and get a coupon for frontline plus. >> bill: thanks for staying with us. i'm bill o'reilly. in the miller time segment tonight, let's get to the sage of southern california. he joins us now from los angeles. i'm thinking we should get cynthia mckinney to come on the road for us for the bolder fresher tour. >> i didn't know we had any deats planned in terrorist countries. >> bill: that would expand. we'll could go over to pakistan. >> we would call it the bolder

deader tour. >> bill: they would love to see us. are you going to watch it debate tomorrow night? are you going to actually watch it. >> i forgot to not tivo it, bill. i will probably watch it want to break the candidates down? shoot. >> herman cain. he is a great guy. great radio guest. i would probably admit this isn't going to happen and might be a better time in history to sell pizza than it is to be the president because there you might actually see some dough rise over the next few years. was i wrong for saying mr. cane and congressman paul have no shot at it? >> i don't know. let see say this about john paul and george ringo. i will do it if everybody else dloo do it. >> bill: not going to happen. people get mad at me. i know they have supporters. i don't mind them running. i like the spirit that they bring in some regard. they are north going to get the demonstration.

i think nops. i have got to say it rick santorum is not going to get the president. >> when you say ron paul doesn't have a chance. excuse me, do you see who the president is? he t. doesn't matter. he has the media behind him. big george soros dollars behind him. paul doesn't have any of that. >> i would take anybody over him tomorrow. a lot of the people are getting to that point, too. if i was the republican candidate i might legally change my name to not obama that's the key here. ron paul, george ringo is a little isolationist for pee. i will tell you what he makes sense on a lot of things. this whole thing is can he be president? for god sakes look who we elected last time through. yeah, it would appear anybody could be president. >> bill: rick santorum, ron paul and herman cain are not going to get the nomination. >> at this point rick santorum i will concur with you. he sounds like charlie brown's

parents in the background. they sound more specific. i don't know what they're talking about anymore. tim pawlentyy, last stand another guy who i don't think has chance. >> nice guy but not standing out. if i was him i would take stand tomorrow. come out, ask me may first question i would step out from behind the podium, drop trou and moon the rest of them. they would remember him the next day. >> bill: i'm sure the governor is watching tonight. that's a good idea drop trou. >> moon them and they will remember you. >> bill: pawlenty has to do something dramatic but i don't think it has anything to do with trousers. nothing to do with his attire. he has got to come out tomorrow and get people's attention. he will do that by bashing obama. biggest obama bash fest in the history of obama bash fest. >> it should be, billy.

dow jones is like inner ear infection for god sake. we have got to do something. >> bill: michele bachmann is a person who helped herself dramatically by the first debate and cover of "newsweek," what do you think. >> tina brown helped her a lot this week. tina brown is a mean girl. you know what in the liberals can't weighed in in on bachmann. it's going to have to the mean girl liberals. they helped her out putting that cover up. >> bill: so do i. >> michele bachmann should not trust the mean girls on the left her friends because of woman hood. better off building a time machine, going back into the 60's, falling in love and touring with eick turner than she would trusting those women right. they are not going to help her out. mitt romney according to fox news poll.

retains his lead in likely republican primary voters. what does romney have to do tomorrow night to grow that lead? >> tell pawlenty to pull his damn pants up. i think what romney has to do. do you remember when you were a kid and you would get a new baseball club and they would call it a mitt. new mitts mitts were stiff. put a ball, in vaseline it, put it under the couch for the evening. that's what they have got to do with mitt. is he a little uptight. the generic candidate will beat barack obama. they didn't mean this generic. okay? he has got to loosen it up a little. let that hair fall down in the front like that. shake it up a little. >> morris thinks that rick perry is going to shake it up just as you said. he will be a fact for even though is he not in the debate. he will be hovering invisibly over it. do you see that? perry can appease two people. carrying an iron holster and cross in the other one. it appears when he comes out

last week and starts speaking to his god he is laying it out there, man, that is he going to go that route. i also know he was jogging one mommy and cold cocked a coyote with a gap. >> bill: mitt romney has to go to the right tomorrow and again it will be obama bash fest, that is for sure. it? >> should be. >> bill: i know miller is upset about political whining. we will hold that we ran out of time about the conversation about clothing. miller as always, thank you very much. the d man would like to remind you that he will be with me in the first bolder fresher show saturday, also be in connecticut. richmond, virginia, atlantic city new jersey in the fall. check it out on bill o'reilly.com. or bolder fresher.com. okay? in a moment, mayor of philadelphia, black man, scolding young black criminals in a very personal way. did you see that is next.

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why begin with the mayor of philadelphia fed up. fed up. the bands of young black men roaming the city causing chaos. spoke with those men earlier this week. >> damage yourself and damage other person, damage your piers and quite honestly you damage your own race. when you walk in somebody's office with the pick in the back and shoes and pants half down. on your face on your neck and you wonder why somebody won't hire you? they don't hire you because you look like you are crazy. >> bill: here now to analyze fox news correspondent juliette hudy. >> we tried to get the mayor on.

he won't want to come on. >> that's too bad. >> message is a good message. you can't say nobody will hire me. i will go out and commit crimes when you look likes a the mayor said you are crazy. >> is he fed up. the mayor came from west philadelphia. mixed class, middle class, mixed race, area. he worked his way up, you know. did he a lot of great things in his career. he continues to do. so and he just basically wants to tell these kids. look. you know, you may think it's hopeless there. you may be in an area where your parents aren't doing anything. nobody suspect with ing you. just pull yourself out of it pull yourself out of it. >> bill: self-reliance message that we applaud. >> everybody there at the mt. carmel baptist church was applauding too. >> bill: those gangs in philadelphia are doing a lot of damage. they are doing a lot of damage. >> you are. you brought up the 1992 riots in los angeles. you were there. i was there as well. interestingly, you look at the situation. definitely diverging they are going now, these people who are

unhappy, they are sick -- they go. >> bill: roam around at night. >> going to wealthy nashtedz. represent affluent, power, materialism. things that they don't think they can. >> bill: they take it? >> a lot of time and resentment in their heart. >> bill: story. cbs owned and operated television station in chicago. went out to do a story on violence in another neighborhood in chicago. primarily black. and roll the tape on the report. two starges wounded on the city's south side. 18-year-old man and 16-year-old girl were hit while standing on the sidewalk. the male is in good condition while the girl is expected to recover. and kids on the street as young as 4 were there to see it all unfold and had disturbing reaction. >> i'm not scared of nothing. >> when you get older are you going to stay away from all these guns? >> no. >> no? what do you want to do when you get older. >> i have me a gun. >> bill: i'm going to have me a

gun. this is what the kid said after that roll it. >> when you get older, are you going to stay away from all these guns. >> no. >> no? what are you going to do with you get older. >> i'm going to have me a gun. >> you are? why do you want to do that? >> i'm going to be the police. >> okay. well then you can have one. >> bill: they left that part out. so what's going on? >> i think honestly, you have been a street reporter, haven't you? >> of course. this happened overnight. there is probably freelance guy going out asking questions. first of all, why do you ask a 4-year-old a question? try to get a sound bite. you get sound bites from 4-year-olds at the circus. north after somebody has been shot and horrible situation. this little boy shouldn't be commenting on this type of thing. i think this interviewer got a little crazy at the key -- probably rushed back to the station. >> bill: they did it on purpose. >> i don't think they did it on purpose. why? >> bill: because you have to put it through a machine.

you look at the same tape. you look at the whole tape when you put it through the machine. >> and running and gunning to try to put it together. it was late. >> bill: do you think the station is going to do anything to these people. >> they said no comment to us. no comment, no comment, no comment. >> bill: the station did it on purpose not the station but the guy. you and i disagree. >> i totally disagree. we can find out the situation i would like to know. >> bill: impossible for them not to have done it on purpose. they knew what the boy's statement was. unfortunately, that kind of editing goes on and it should be punished. >> look at the sound bite sheet you can sort of pick and choose. >> bill: that's done on purpose. >> i disagree. >> bill: tonight, al gore in the spotlight, p and p moments away. [ male announcer imagine all of your missed opportunities in one place. ♪ the front-row tickets you never bought. the lucrative investment you never made. the exotic vacation you never took.

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>> bill: pinheads and patriots in a moment starring our pal, al gore. but first, with summer winding down consider signing up for premium membership. weekly q & a with you guys asking me questions big discounts on great gear. sign up now and you get the nifty american patriot t-shirt free. great item. now the mail: >> bill: we business you too. good to have you back and fighting through the tornado. i'm sending you a special preview edition of my upcoming book.

>> bill: wow, great places. thanks for taking the time. >> bill: makes sense now. >> bill: things are changing quickly throughout great britain. criminals have guns. you can't protect property with a rake. just raising a legitimate question. >> bill: i agree.

>> bill: fair point. remember ronald reagan was a democrat before switching parties as well. >> bill: i'm glad i could help out. thanks for buying the cd's. >> bill: i think barney frank is handing those you. misguided. >> finally pinheads and patriots. al gore making a lot of money off the global warming controversy. he has taken some lumps.

he addressed his critics in aspen, last thursday. >> bill: memo to al gore, if you want to refute your critics, do it with facts, not cheap invective. you're a pinhead, wise up. that is it for us tonight. check out the fox news factor website. spout off about the factor from anywhere in the world. oreilly@foxnews.com. name and town if you wish to opine. word of the day, do not be inso length when writing to the factor. -- inso leth