This is a rush transcript from "The O'Reilly Factor," February 27, 2008. 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: politics, including the Obama picture and a Farrakhan endorsement. Joining us now from L.A., the star of the new quiz program "Amnesia" and syndicated radio guy, Dennis Miller.

Ah, Miller, and I hear...


O'REILLY: I hear you're the third base coach for the L.A. Dodgers, too. Is that true? Are you going to be out there doing like this? And you know?

MILLER: Yes, and Miley Cyrus and I are co-producing now.

O'REILLY: Hey, look, that bandwagon, if you can get on it, strap yourself in. I mean, that is a huge enterprise. OK.

MILLER: They'd have to give me a lot more than $20 million to get my kid in showbiz.

O'REILLY: That's true, but she looks like a nice woman, and I hope — a nice, young woman, I should say. Very young.

MILLER: I'm sure.

O'REILLY: As you know, we were talking about the Farrakhan thing at the top. Do you have any thoughts on it?

MILLER: Well, listen, I'm of two minds on Farrakhan. Evidently, you know, obviously, there's the hatemonger part of him, which is, you know, really bizarre and repellant to me. Then there's the self-determinism part of me which I quite frankly find — there's some wisdom in that part of him.

But then you get down to the out-and-out craziness, like he thinks the sphinx's nose was blown off because when Napoleon first came upon it, it was a black person's nose. And therefore to, you know, do away with the belief that black people came first, they blew the nose off with explosives. I don't know if that's crazy or that's the plot line for "National Treasure 3." But...

O'REILLY: And there's the alien intervention, too, in the Farrakhan world. Some aliens came down. They did something. I didn't quite get it, but I don't know.

MILLER: Listen, I'm not voting for Barack Obama, because he doesn't want to kill the bad guys. That being said, there's going to be a lot of people that are going to lay claim to him now from all over the spectrum. I watched the guy in the middle of it. I think he handles himself pretty classy. He has everything except my vote.

O'REILLY: OK. Now, should he have done — some people say, look, a guy like Farrakhan — because he is very offensive to many, many Americans, particularly Jewish Americans — should Barack Obama have been more proactive? Instead of allowing the questions to come to him and people questioning his, you know, enthusiasm to reject, should he have gone out as soon as he read it in the Chicago Tribune, which broke the story, and said, "Look, I don't want any part of this"? What do you think?

MILLER: He's going to get hit with this on a daily basis. Listen, I think after the fact he's probably going to distance himself from a lot of these people. I think pre-emptively thinking that he has to distance himself from former Weather Underground head Bill Ayers and Louis Farrakhan. And this guy's going to lay claim to him.

He's just a human being who's, like, caught a comet here. Like I said, I'm not even going to vote for him, but I'm giving the guy some leeway. When has this last happened to somebody outside of RFK way back when?

O'REILLY: Even RFK knew that he had the structure to do what he did before he was assassinated. Barack Obama has accomplished something that I've never seen. And I don't know if it's ever happened — maybe in the 19th century it did. He took on probably the most powerful political machine in the world, and he just shredded it. So I'm with you. You know, the guy can't be out front on everything.

Now, the Clinton campaign looks to be released this picture of him as a Somali elder. There he is. And we have a poll question on it: Is it a racist play? What do you think?

MILLER: Well, first, when I saw it I thought he, in his past, had been a flight attendant for Swiss Air or something. I didn't quite know what to make of it. But listen, if this is all the Clintons did was feed this picture, and I'm surprised they didn't Photoshop it onto Mike Dukakis' body and had that turban popping out of that tank turret.

You know, the Clintons are desperate right now. They're going to do whatever they have to. And if this is as far as they did, is release this photo, what are you going to do? This is the job. I've seen Hillary overseas wearing weird stuff. I've seen Bush dressed up in a Nehru — Nehru like he won the Greater Greensboro golf tournament. This goes with the turf. You've got to wear weird stuff once in a while.

O'REILLY: But, Miller, even you promoting "Amnesia" in Kenya in 2006, I don't think would have dressed up like that, Miller. Somehow, I don't think you would have done it.

MILLER: Well, if I had dressed like that, I would have probably self-induced some amnesia so I could forget about it.

O'REILLY: Right. But it just — it had no traction at all, although the poll question, is it a racist play for whoever put it out there, is close. It's an interesting poll.

Now, you used to be on "Saturday Night Live." Some people remember that who don't have amnesia. "Saturday Night Live" is now running wild with the Obama-Hillary Clinton horse race. And I want to show a clip, and you can react to this whole situation.


KIRSTEN WIIG, CAST MEMBER, "SATURDAY NIGHT LIVE": I myself have been clinically diagnosed as an Obamaniac, while my associate, John King, just last week suffered his third Barack attack. As for Jorge Ramos, he is clearly just obsessed with Senator Obama, kind of to an unhealthy degree, really. And, well, I guess you could call him a stalker.

WILL FORTE, CAST MEMBER, "SATURDAY NIGHT LIVE": Senator Obama, are you comfortable? Is there anything we can get for you?



O'REILLY: All right. Obviously "Saturday Night Live" is mocking the press, many of whom are in the tank for Obama. Now, what do you want to say about that?

MILLER: Well, listen, they long for the times of RFK, quite frankly. It's Obama-lot to them this time through. It's like Jack. They see a whole way for it all to be the magical kingdom they want. And Hillary plays perfectly into it.

Barack Obama is a very cool cat. I saw him walking down a hallway towards giving a speech last week, and the guy looked so comfortable in his own skin, I was intoxicated. I remember thinking, you know, when you see her, she's that pop-eyed, Spike Jones cartoon thing happening. You know, he is now the cool kid. She is the crazy cafeteria lady with the wild eyes. And the press is certainly going to jump on with the cool kid.

The thing that kills me about Hillary Clinton at this debate is when she comes out and says, "Why do I always have to answer the first question?" She's whiny. Every day I hear Hillary saying, "I'm prepared to be the president on day one." Day one, that's what she's saying. Day one. That's her buzzword. You know, they ask her the first question, she says, "Why don't you ask him?" You can't have it both ways.

O'REILLY: I would want the first question. Wouldn't you? You know, if you're in a debate and, you know, because the questions are — I thought they did a decent job last night. Russert was on his game last night.

The media is going to favor Obama if he gets the nomination over McCain. That have any influence over the folks, you think?

MILLER: Well, listen, the best thing that could happen to John McCain is an insipid prima donna like John Edwards can come out and say that he's going to start telling the truth about John McCain.

John McCain spent five-and-a-half years in a Vietnamese hell-hole so guys like John Edwards could be as absolutely inconsequential as they want to be. So please, send McCain (sic) out into the hinterland to decry McCain. That will guarantee the election.

Listen, I'm starting to see this thing come around to the McCain. Because quite frankly, Barack, nice kid, doesn't want to kill the bad guy. Hillary, absolutely crazy. I don't think she's ever going to run again. John Edwards only helps McCain. I think this one's in the bag.

O'REILLY: And the latest polling — tracking poll has now McCain up on Obama by two points. That came out today.

Dennis Miller, everybody. We'll never forget you, Dennis. Host of "Amnesia."

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