This is a RUSH transcript from "The O'Reilly Factor," March 3, 2010. 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: Dennis has been thinking about President Obama's statement on health care today, as well as the proposed law in California that would make it illegal to curse, which might put Miller himself in big trouble. He joins us now from southern California. All right. What say you, Miller?

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DENNIS MILLER, FOX NEWS CONTRIBUTOR: Evening, Billy. Nice — thank you for letting me follow Jehmu Greene. Who would have ever thought that Big Brother would appear in the unlikely guise of the selectively righteous sister?

O'REILLY: I agree with you. I don't think Jehmu's group should be trying to shut people down. That's exactly what she is trying to do. I thought Obama was pretty persuasive today. Again, short on specifics, but as persuasive as I have seen him in the health care debate. What do you think?

MILLER: I don't know. What's that weird yellow shower curtain back there? Bed, Bath and Beyond tasteful. Listen, it's been a weird week for health care. It started off last week at that cluster schtup (ph) of a round table where Pelosi was more indecipherable than George the animal Steele singing "Louie Louie" in Farsi while on amyl nitrate. Then they double down on the stupid bed with Harry Reid. What a moron boilermaker that was. And then we had today's thing and listen, Obama is a smooth talker. I don't think he is a trustworthy man, Bill. I'm sorry. I think we depart on this. I heard the guy blow too much smoke over the year. He said he wasn't going to take the public funding. Then he became the candidate. Then he immediately went back on that or he would take the public funding. I get confused on that. You know the one I mean though. He said he never heard Reverend Wright. I just don't trust the guy anymore. He is a smooth operator. It's nice that Sade is back on the charts because this cat is a smooth operator. I don't believe him anymore.

O'REILLY: It's not that you say you disagree — I'm not disagreeing — look, all I said — all I picked up today was his presentation was crisper today. But, as I said to the professor early on in the program, I don't know how he is going to regulate the insurance companies. I don't know how he is going to provide the Medicare cuts and where they are going to go. And, you know, if we vote for this bill, you are trusting President Obama and you are trusting the Democratic Party because all the Republicans are against it. You are trusting them and obviously you don't.

MILLER: I don't. No, Bill, to me, he doesn't trust big business. And, to me, from where I sit, the biggest business, and might I add the most corrupt business, of all is the government. So I don't like the idea of turning this over to the government. I think…

O'REILLY: Who do you trust least? The feds or the insurance company?

MILLER: The feds. The feds. I didn't even have to hear the second part of the equation.

O'REILLY: Insurance companies are pretty rough though.

MILLER: They are at least at some point answerable to a profit chart. Guess what? The feds aren't. They just print more money. It's (INAUDIBLE) right now. They are not even on their own dime, so they overbet. You know, pocket (INAUDIBLE) — they are — I just don't trust the government. I'm not a militia guy. It's not like I think they are out to get me. If they want to tap my phone, fine. They are not going to find anything out. I don't trust them with money. They don't know how to spend it properly.

O'REILLY: That's true. This cutting here and cutting there and all of that, I don't know, they are never going to pay for it.

MILLER: When they throw the Republican that $50 million on tort reform, the federal government giving you $50 million.

O'REILLY: It was a joke, that tort reform. They're not going to give you tort reform. They're just going to give you money to study tort reform. We don't need a study. We know what it is. It works in England. Just bring it. We don't need to waste another $50 million.

California is bankrupt, chaotic state. Arnold can't even go out of his house, people are throwing watermelons at him, OK. Now they say, you know what we are going to do to deal with all our problems? We are going to ban cursing. What is all that about?

MILLER: Listen, Bill, this state is going to hell in a hand basket. And we got these dung craniums (ph) pushing garbage like this. Hey, guys, why don't you wake up you alimentary canal exit holes. Wake up for God's sakes. It has hit the fan here. It's just these morons don't notice because we have so many brownouts and blackouts there is frequently no power to run the fan with. We are a joke out here. The least shaky thing in the state is the San Andreas Fault. The entire state is out to lunch and guess what? Now it turns out it's a free lunch. I live in Moochville and somebody has got to wake up over here.

O'REILLY: I guess you are cursing about it though and that's what they don't like.

MILLER: I didn't curse about it. I said alimentary canal exit holes.

O'REILLY: For some reason Miller wants to talk about "Dancing With the Stars." Why?

MILLER: Because then you are able to act like you are too cool to watch it. But I love "Dancing With the Stars." Although I must admit with this Buzz Aldrin in the cast, you might see a few awkward steps for mankind there. And my early favorite is, I got to go with Pam Anderson and all three of her dance partners. And the only disappointment I have so far is that I wanted Beck to be on. But evidently he shot that down because he insisted on dancing with his blackboard and they wouldn't allow it. I would have liked to have seen that.

O'REILLY: Do you want to be on that show? I can see you and Pam Anderson together doing a little tango.

MILLER: I would like to be on there because I'm so uptight about my, you know, being like in control of my image. I'm 56 now. That's getting really tired. I would like to just lose control and be fallible in front of the American people. That's the reason I would like it.

O'REILLY: One person you'd like to lose control with, it might be Pamela Anderson. I could see that. Three partners. If you didn't get that joke, you can go to DennisMiller.com.

MILLER: (INAUDIBLE) lumbar problems dancing with — listen, can I thank you for something, Bill? Our friend George Lutz (ph) from HonorandRemember.org, you remember the Gold Star father who lost his beloved son, he was trying to get that Honor and Remember flag through? Can I tell you, Billie, yesterday, the state of Virginia approved the flag. It's official. He sends me an e-mail, he says they only got 49 states left. You played a big part in that. That guy is a good dude, man. I'm thankful to you, Billie, and I'm happy for George.

O'REILLY: Take them one by one and let us know which states he's been concentrating on and we will help him out and we'll get it done. Miller, everybody. Thank you very much.

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