Guest: Rep. Keith Ellison

"In the beginning there was some sympathy for the 'Occupy Wall Street' protesters, who believe the federal government should take action against financial institutions that cheat. But the more we saw and heard, the more fair-minded Americans came to believe the occupiers were not interested in legitimate issues so much; many of them simply want to blow up the economic system. In addition, some of their behavior was and is reprehensible -violent crime, provocation against the police and depraved behavior in general. The left-wing media is still trying to portray the occupiers as the liberal equivalent to the Tea Party. One simple question: Would you prefer that your daughter demonstrate with the Tea Party people or the occupiers? 63% of Americans now say they do not support the 'Occupy' movement, while just 28% say they do. And because President Obama was sympathetic to the movement in the beginning, along with many members of the Democratic Party, this presents a big political problem. So officials in eleven cities got on a conference call to discuss how to deal with the occupiers. The 'Occupy Wall Street' movement is dead, finished as a legitimate political force in this country. And that's a good thing."

For another view, The Factor turned to liberal Democratic Congressman Keith Ellison. "I don't think this movement is dead," Ellison declared, "and I also think it is important not to blame everyone for the bad actions of a few. This movement has raised important points and I believe it has been successful in that it has changed the national dialogue. We're talking about accountability on Wall Street for the first time and that is a good thing." The Factor asked Ellison why occupiers aren't protesting the lavish salaries paid to executives at Fannie Mae and Freddie Mac. "You have to ask them," Ellison replied, "but I think they probably strongly disapprove. This compensation package is problematic." The Factor countered that the occupiers probably "don't even know about this, they're too busy getting high!"

Guest: Dick Morris

Executives at Fannie Mae and Freddie Mac, which owe taxpayers a combined $141 billion, are taking heat about their seven-figure annual salaries. Political strategist Dick Morris entered the No Spin Zone with his take. "Fannie Mae and Freddie Mac have always been factories for producing huge bonuses," Morris said. "Franklin Raines, who was Bill Clinton's budget director made $90 million in bonuses over six years at Fannie Mae. I've called this a retirement home for Democrats." Morris also reacted to the news that Republican presidential contender Newt Gingrich was paid $1.6 million as a "consultant" to Freddie Mac. "Gingrich maintains that he never lobbied for them, but they basically gave him a $20,000 a month consulting contract. What Newt has to do now is explain what he did and what advice he gave them."

Guest: Thomas Mesereau

The Factor asked attorney Tom Mesereau, who successfully defended Michael Jackson against charges of child molestation, whether there are similarities between that case and the allegations against Penn State's Jerry Sandusky. "In both cases," Mesereau said, "there was a grand jury indictment with information handed to the media. Remember that in a grand jury proceeding there is no judge, no defense attorney and no cross examination, so everything is stacked against the defendant. And in both cases the media swarmed all over that indictment and basically convicted the defendant before the defendant had the chance to defend himself." Mesereau criticized Sandusky for admitting he occasionally showered with young boys. "His statement was very foolish and I don't know why his lawyer let him do that. But technically speaking, showering with boys is not sex. The defense will have to draw a distinction."

Guest: Jesse Watters

Factor producer Jesse Watters ventured into the wilds of New Jersey, specifically to an alcohol-infused tailgate party, where he challenged some pro football fans to identify photos of Republican presidential nominees. Most were able to identify Cain, Gingrich, Perry and Romney, but after that things got dicey. "I showed them a picture of Jon Huntsman," Watters reported, "but no one got it right, they thought he was a weatherman. And a few guys got Ron Paul, but others thought he was the Perdue chicken guy." Watters summed it all up with the sad fact that "half of Americans can't even name one Republican running for president." To remedy that, The Factor ordered Watters to visit every house in America and "demand that they pay attention."

Guest: Dennis Miller

The Factor welcomed Dennis Miller, an early passenger on the 'Cain Train,' who has abruptly disembarked. "He can't win," Miller declared. "He's still a great guy and this is a fluid situation for me - if he gives us the best chance to win tomorrow I'm back on, but today he can't win. After that eleven-second pause he's too easy for them to whack. All they have to do is dust off the Palin playbook and they can hit him with that." As for his next destination, mark Miller down as undecided. "I might stop at 'Newt-ville,' I might go to 'Planet Ron Paul,' and I might eventually wind up at 'Romney Acres.' I'll go anywhere that's going to beat Barack Obama." Miller also commented on Mayor Michael Bloomberg's decision to oust the "Occupy Wall Street" protesters from lower Manhattan. "I hate to rain on these kids' charade, but even a suck-up little golum like Bloomberg is eventually going to side with the people he can tax. Even a medieval doctor, when he's bleeding somebody, knows he has to burn the leech off. It was time to burn the leech off because the taxpayers were sick of the conga line out there. If Rudy Giuliani was still mayor, this thing would have been broken up before the first tent was pupped."

Guest: Juliet Huddy

Fox News correspondent Juliet Huddy viewed a new ad in which Michele Bachmann skewers her less conservative Republican rivals. "This is typical with candidates who are on their last leg," Huddy said, "it's a last-ditch effort to get out there and go for the jugular. She doesn't have much money and she's going into Iowa with a weak campaign chest. She might get a little boost from this." The Factor added that "her point is that she has been a true conservative from the beginning and has not wavered, whereas some of the other candidates have wavered."

Eileen O'Shea Randall, San Diego, CA: "Thank you, Bill O'Reilly, for saying a decent person would stop any assault against a child. All those at Penn State who knew are culpable."

Randy Heppner, Larkspur, CA: "Bill, I can't believe you let those attorneys say that defending people they know are guilty protects the rest of us."

John Donald, Ashburn, VA: "Joe Paterno's entire life has been spent serving as a positive influence. To condemn the man negates all the good he has done."

Wednesday's Patriot: President Obama, who used some Aussie slang while giving a speech down under.