This is a RUSH transcript from "The O'Reilly Factor," September 28, 2011. This copy may not be in its final form and may be updated.

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BILL O'REILLY, HOST: In the "Miller Time" segment tonight: The D-man has finally made his selection. He is endorsing Herman Cain for president of the United States. Miller was in town last night.

(BEGIN VIDEOTAPE)

O'REILLY: So the sage of Southern California in New York City to do more charitable work. We'll get to that in a moment. But first, shocking: Miller endorses Herman Cain for president.

DENNIS MILLER, FOX NEWS CONTRIBUTOR: I walked around. I said who's the most confident? Who's run a business? Who has a nice sense of humor about himself? Who seems to be a decent man? And who seems to be smart? And then I thought who's going to have rough elbows because this thing is going to be ugly this time through. And I looked around, and I said I dig Herman Cain for that job.

O'REILLY: I thought you were going to say you endorse me, with all that description there.

MILLER: Listen, baby, if you were running I'd be in the veep slot.

O'REILLY: You'd be ambassador to Tonga. That's where you're going.

MILLER: You know I've got Tonga wired completely.

O'REILLY: Miller in Tonga. There we go. So Herman Cain, though, look, I like Herman Cain. I like his spirit. I think he presents himself very well, but when he came on "The Factor" a few weeks ago, he had no clue about foreign affairs.

MILLER: Like the guy in there now does.

O'REILLY: Well, aren't we -- aren't we supposed to improve upon that?

MILLER: Here's what I'm saying. The thing I like about Barack Obama to this point is he's just completely recreated the Bush-Cheney things, increased -- increased drone strikes in the air. If Herman Cain says, "I'll do what this guy does and I'll even up a few more drone strikes. And if they ever call me in the middle of the night and say, 'We've got a nut. We know where he's at, but we've got to fly across the border and croak him,'" I bet you Herman Cain would say it, too. Common sense.

O'REILLY: The next president of the United States has got to be, as I say in "Killing Lincoln," an excellent leader. A leader of superlative quality. Now, Herman Cain might be that.

MILLER: I think he is. I didn't think "might." That's why I'm onboard. I think he is.

O'REILLY: The deficit of Mr. Cain is he doesn't have the experience. You're going to have Putin back running Russia. You've got these guys in China who are just waiting, waiting to hammer you. You need somebody in there with the experience and the frame of reference to deal with those guys. I don't know if it's Herman.

MILLER: Billy, they're licking their chops over the guy we have in there now. He won't even use the phrase "terrorism." Here's my thing about Herman. In a world where everybody is sitting around at night putting together proposals to get funding for policies, for sustainability and greenhouse gas, they all work late, and guess what? At some time in the evening "Let's order a pizza." Herman Cain is the cat over here who made pizzas and got them there on time and fed people.

O'REILLY: Now, on the subject of "get it done attitude," we have to talk about Congresswoman Waters.

MILLER: Yes.

O'REILLY: She says:

(BEGIN VIDEO CLIP)

REP. MAXINE WATERS, D-CALIF.: He would never say to the Jewish community stop complaining about Israel. So I don't know who he was talking to because we're certainly not complaining.

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O'REILLY: That was in response, of course, to President Obama going to the CBC and saying:

(BEGIN VIDEO CLIP)

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: Stop complaining, stop grumbling, stop crying. We are going to press on.

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MILLER: Well, listen, here's all I'd say. It's been 45 years since the Great Society started. Are black people in this country any better off, for God's sake?