• With: Barney Frank

    This is a RUSH transcript from "The O'Reilly Factor," April 26, 2013. This copy may not be in its final form and may be updated.

    Watch "The O'Reilly Factor" weeknights at 8 p.m. and 11 p.m. ET!

    BILL O'REILLY: Hi, I'm Bill O'Reilly reporting tonight from Washington, D.C. thanks for watching us. No "Talking Points" memo this evening because I want to get right to our lead story an interview with former Congressman Barney Frank.

    As you may know, the day after three were killed and more than 200 injured in that awful Boston terror attack last week, Mr. Frank became a center of controversy. While speaking on the phone to CNN, he put forth a political point of view.

    FRANK: In this terrible situation, let's be very grateful that we had a well-funded functioning government. It is very fashionable in America to face interest on trying to criticize government, belittle public employees; talk about their pensions to talk about what people think is their excessive healthcare. Here we saw government in two ways perform very well.

    I never was as a member of Congress a one of the cheerleader for nice government, lower taxes. No tax cut would have helped us deal with this or will help us recover. This is very expensive.

    (END VIDEO CLIP)

    O'REILLY: Now after Mr. Frank said that, some journalists, including this one, thought his comments were too close to the death and destruction. Even the liberal MSNBC challenged Frank.

    (BEGIN VIDEO CLIP)

    UNIDENTIFIED MALE: Sir, you keep talking about revenue and the infrastructure and the fact that we have the capabilities necessary to respond to something as atrocious as this. Do you feel like you're capitalizing and making political hay of this event that happened?

    FRANK: I'm not sure what that I'm capitalizing?

    UNIDENTIFIED MALE: Well, that you are making a political argument about revenue right now.

    FRANK: Yes. Exactly.

    (END VIDEO CLIP)

    O'REILLY: Joining us now from Boston is Barney Frank. So in hindsight do you think you should have waited a few days before making those points?

    FRANK: No, for two reasons. First, that's a partial quote of what I said. When I was called on that day, in every case there were three or four interviews, I began by talking about how terrible it was that some people were there with people they loved and all of a sudden they were dead.

    In every one of those interviews I began when they asked me my reaction by talking about the sadness we all had to feel. Several of the interviewers then pressed me for further reaction. And I don't think a discussion of public policy is either inappropriate or premature.

    By the way, I do know that many others were talking about immigration. You and Dennis Miller were discussing my remarks a day or two later and Mr. Miller was complaining, as I recall it, that President Obama hadn't called it terrorism on the first day. He waited until the second day. Well that was an appropriate criticism given his viewpoint of the President.

    The notion that you suspend discussion of important issues in the face of a tragedy I will accept. Now I did as I said begin all the interviews with my feeling of sadness and my condolences for the people.

    (CROSSTALK)

    O'REILLY: All right. But here's why -- here is why it might be inappropriate. Because when you say that look, no tax cut would help this situation, you're basically polarizing Americans who want lower taxes, smaller government.

    But in a time like this, in Boston and you are from Boston, I wanted to see -- I called for on the air all Americans to come together. All right? Not only to support the grieving families but also to show the world that we're a united front. And you're not going to come in here to our house and intimidate us.

    FRANK: I agree.

    (CROSSTALK)

    O'REILLY: By your rhetoric -- by your rhetoric, you're dividing people 24 hours after when I think we should have all, all of us in the public eye, been trying to unite people --

    FRANK: I would have to ask when that was. Because I remember two days after you and Mr. Miller being critical of a range of things, including Mr. Miller with you cheering him on attacking President Obama for his response. No I think it is dividing people --

    (CROSSTALK)

    O'REILLY: No we didn't attack President Obama for his response. We ask why --

    (CROSSTALK)

    FRANK: May I -- excuse me Mr. Miller did --

    (CROSSTALK)

    O'REILLY: -- we asked why the term Islamic jihad was --

    FRANK: Yes and Mr. Miller was very critical of the President for not having said terrorism on the first day and he said it on the second day --

    (CROSSTALK)

    O'REILLY: Yes that's -- all that is holding people account --

    (CROSSTALK)

    FRANK: Excuse me Bill, Bill wait a minute can I -- because I know the ground rules, can I know the ground rules? Do I get to talk?

    O'REILLY: Talk yes.