This is a rush transcript from "Hannity," September 28, 2009. This copy may not be in its final form and may be updated.

SEAN HANNITY, HOST: Former president Bill Clinton is still playing the victim after all these years. Now, yesterday during an appearance on "Meet the Press" the former president announced the vast right-wing conspiracy is alive and well but this time around there's a brand-new target. Take a look.


DAVID GREGORY, HOST, "MEET THE PRESS": Your wife famously talked about the vast right-wing conspiracy targeting you. Did you look at this opposition on the right to President Obama? Is it still there?

BILL CLINTON, FORMER PRESIDENT: Oh, you bet. Sure, it is. It's not as strong as it was because America has changed demographically but it's as virulent as it was. I mean they're saying things about him, you know, it's like when they accused me of murder.


HANNITY: Ah, it's the liberal punch line that just won't go away. And to think it all started just 10 short years ago.


THEN-FIRST LADY HILLARY CLINTON: Great story here for anybody willing to find it and write about it and explain it is this vast right-wing conspiracy that has been conspiring against my husband since the day he announced for president.


HANNITY: So amazing. So if you criticize the Democratic president you're part of the conspiracy but if you protest against somebody like George W. Bush, well, you are doing your patriotic duty.

And here with reaction to all of this, former Clinton adviser, author of the number one New York Times bestseller, "Catastrophe," Dick Morris, is here.

Video: Watch Sean's interview

First of all, she said that before it came out that he had the affair and lied about it.


HANNITY: So the right was right?

MORRIS: The right was right and she obviously knew he had the affair when she said that. But let me decode the Clintons these days for you. Have you considered it unusual that Hillary, the number one spokesperson on health care reform, the fundamental element of her curriculum, has never talked about the Obama health care reform bill?

Is not campaigning for it? Is not out there? And she's not out there on Afghanistan, she's not out there.

HANNITY: She's nowhere to be found.

MORRIS: Oh no. She's focused on Honduras, taking the wrong position, but Honduras. I think that the Clintons are playing an act. I think that she is the industrious secretary of state following Obama's line but not saying anything about his areas of vulnerability, keeping her record clean. While Bill is out there promoting the Clinton name in North Korea and on shows like that.

So that if Obama's ratings drop into the 30s she remains clean on Afghanistan and health care and she can run a primary again.

HANNITY: Well, what's interesting to me is if you look at Bill Clinton, for example, he's the one that said they played the race card against him and that they had planned it from the very beginning and now he's sort of fallen — you know into the theory of Jimmy Carter and Mondale and some others.

What is the net result of this, though? That you're going to attack everybody who disagrees with them?

MORRIS: Oh you're talking about left-wing conspiracy. Yes, well, sure they're trying to take perfectly legitimate and important concerns about health care and transform it into a — into a homonym attacks by monsters. But look, there is a very significant poll out today from Rasmussen.


MORRIS: Well, two parts of this thing.

HANNITY: Two parts of it, yes.

MORRIS: One said that health care support as a whole, support of Obama's plan has now dropped two more points to 41 and opposition gone up one more to 56. That's nice, good, but much more importantly when you ask senior citizens, they oppose his health care reform by 33-59.

HANNITY: It's huge.

MORRIS: Almost 2-1. And I've always believed that if the elderly understood, this is the central point we make in "Catastrophe," and I hope people read it, that this is a program financed on the backs of the senior citizens. Three-quarters of this money is coming from Medicare cuts.

And to give you an idea of how much $500 billion is, that's the amount we plan to spend in total on Medicare next year. It's as if we didn't have a Medicare for a year.

HANNITY: All right. But looking at these polls, there's two other things that came out over health care today. Number one, they want illegal immigrants to become legal so they — so that Joe Wilson ends up being right. We'll get into that in some detail here.

And more importantly, with those poll numbers the way they are the only way they pass this now is going to be with the so-called nuclear option. So they're going to bypass the traditional method of passing a bill and they're going to ram it down the throat of the American people which clearly don't want it, the elderly that don't want it, so my political question for you is what is the fallout politically for that?

MORRIS: Well, it is crucial — first of all, we have to stop it from getting 60 votes and with Olympia Snowe.

HANNITY: Not going to get it.

MORRIS: Well, with Olympia Snowe, they might. And we have to stop that. Then we have to undermine them getting 50. Right now, this minute, I urge everybody who lives in Arkansas to write Pryor and Landrieu, your senators — Pryor and Lincoln. Landrieu from Louisiana. Nelson from Nebraska, Lieberman from Connecticut, Bayh from Indiana.

Those are the moving pieces. And I want to run 10-second ads in each of those states that say Senator Pryor, don't cut $500 billion from my Medicare, I need my Medicare. And please go to DickMorris.com. We're losing this fight because they're going to jam it through the Senate.

We've got to stop them. Go to my Web site and look up how to contribute to run these ads.

HANNITY: Let me ask.

MORRIS: By the way, some people have accused me of having a financial stake in these ads, I have none.

HANNITY: All right, let me look at the political landscape, though. Stand back here a second. There was a Washington Post headline. If the ground is shifting, even politically, that the House will feel it. The House of Representatives.

Now look at, for example, the Democrats in 2009 before we get to the 2010 elections likely will lose the governorships in New Jersey, this guy Deeds in Virginia is losing to Bob McDonald. Deeds is saying he's going to raise taxes and he's running for Obama.

MORRIS: Right.


MORRIS: The most interesting thing is what just happened in Germany. Merkel, which re-elected but that's a fiction. She had to govern with the coalition with the opposite party. It's like the Democrats and Republicans having one government.

Now the Socialist Party dropped — lost 50 percent of its support from 33 to 22, and now she has a coalition with the conservatives and for the first time Germany has a right-wing government.

HANNITY: She's going to cut taxes. Yes.

MORRIS: Right. And next shoe to drop will be that Gordon Brown is going to lose to the conservatives in Britain and the third shoe to drop is Obama will lose the Congress in `10. The problem is we may not have a country but then because he may use that majority to jam through health care reform whether we like it or not.

HANNITY: We're going to see the first evidence that the political winds have shifted in America in 2009.


HANNITY: There's a reason Obama is telling the governor of New York to get out of the race, the first African-American governor of New York, to get out of the race.

Let me read to you some of the comments. Howard Fineman of Newsweek — by the way, we're all socialists now. He actually had some pretty harsh words for the president and, you know, that the president keeps on giving these speeches, et cetera, et cetera, he's too impressed with his own aura, too much I, too much me, et cetera, et cetera, and that, you know, he needs to use less of this, you know, political rhetoric and win some political battles or he will not be elected.


HANNITY: DO you agree with that assessment?

MORRIS: Yes, I think that if he loses health care reform he's a lame duck unless he moves to the center, which he might. But the overwhelming thing that people have to get about this is not the public option. That's a canard, whether it's a public option or co-op, it's going to be the same.

The important thing is that this is a bill to eviscerate Medicare. It's a bill to cut $500 billion from the backs of the elderly.


MORRIS: Give it to legal immigrants, give it to illegal immigrants who become legal immigrants, and use — and also to tax the uninsured but most of this money comes right out of the elderly.

Now the elderly are a homogenous group, elderly tend to talk to other elderly, and if they're now 2-1 against it, they need to be three and 4-1 and then the Democratic Party won't get 40 votes for this bill.

HANNITY: Those numbers.

MORRIS: ... because they're not prepared to lose the elderly.

HANNITY: Those numbers are phenomenal as you look at it. Now — when you break it down in both groups, the lowest number of — the lowest approval rating for health care that we've had in spite of this massive push by the president.

MORRIS: Right. Right.

HANNITY: So it's a rejection and repudiation of him but also the elderly, which you said, was key from the beginning.

Here's the question. If in fact he's defeated on health care, it's almost like 1993 all over again.


HANNITY: Do you see the similarities?

MORRIS: It is.

HANNITY: And here's the question, does Barack Obama have it in him to listen to a guy like yourself, Dick Morris, and move to the right in this case because he's so far left or do you think he's so ideological he doesn't have it in him to move left like I believe?

MORRIS: Well, I do not know. And that's a key subject I hope we get to find out. But first we have to beat the guy and first we have to stop this awful program from passing.

HANNITY: All right. Dick Morris, good to see you. Thanks.

MORRIS: Thank you.

HANNITY: Congratulations on the book.

MORRIS: Thank you.

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