Guests: Brit Hume

"The Obama campaign is making a big deal out of Mitt Romney's Bain Capital tenure, accusing him of being a big 'outsourcing' guy who sent jobs abroad. According to an analysis by FactCheck.org, Bain Capital did invest in companies that did outsource. But that's not unusual; so did the Obama administration, which has continued to make billions of taxpayer dollars available to General Electric, including grants for 'green energy' projects. GE employs about 300,000 people, but fewer than half work in the USA. GE has plants in 43 countries and keeps overseas profits overseas, thereby avoiding U.S. income tax. In fact, General Electric paid zero federal income tax in 2010. Nevertheless, President Obama is a huge fan of GE and its CEO Jeffrey Immelt, saying 'GE has something to teach business all across America.' Talking Points would like to know exactly what GE could teach corporations. How to create jobs overseas? How to avoid U.S. taxes? How to borrow billions from the taxpayer? What lessons are we talking about, Mr. President? Here's the end game: Outsourcing is a fact of life in capitalism. The Obama administration has embraced corporations that embrace outsourcing, and so did Mitt Romney. So I'd call it a tie, with the Obama campaign having some deep explaining to do."

The Factor welcomed Fox News political analyst Brit Hume, who said the attacks on Mitt Romney's private sector experience have done little damage. "One begins to sense that the public thinks this is phony," Hume said. "This has been going on for some weeks and the Obama campaign has spent a lot of money hurling these charges related to Bain Capital, but it hasn't seemed to move the needle of public opinion. The Romney campaign seems to be keeping their powder dry and holding their money until later." But The Factor questioned why the Romney campaign has not counter-punched more effectively: "It's not my job to defend Mitt Romney or President Obama, but I wonder why the Romney people didn't do what I just did and say look at General Electric."

Guests: Willie Brown

The Factor asked former San Francisco Mayor Willie Brown whether and how Mitt Romney and other Republicans can win more black votes. "I don't think it's hopeless," Brown replied. "Black people were Republicans first, but then Democrats moved in and offered programs and policies that allowed African Americans to become incredibly dedicated and the anchor tenants in many Democratic elections." Brown advised Romney to tailor his message to specific audiences. "If I'm an unemployed person and you're soliciting my vote, I want you to tell me exactly how you're going to help me get a job. If I'm an environmentalist, I want you to tell me what you're going to do with the environment. But if you're going to give me a stock speech that ranges all over the place, I'm going to find you uninteresting." The Factor concluded with some striking statistics: "Black unemployment is 15%, black youth unemployment is 40%! President Obama has not done the job, yet Mitt Romney has 2% of the African American vote. It looks to the casual observer like skin color is a pretty big issue here."

Guests: Mary Katharine Ham and Juan Williams

President Obama is reiterating his message that wealthy folks didn't accomplish anything without government help and should therefore pay higher taxes. Mary Katherine Ham and Juan Williams analyzed. "I think it's disturbing," Ham said, "and this may be the 'spread the wealth around' comment of this election. Occasionally you get a glimpse of what Obama truly believes. He says if you built a business, you didn't build it and what you earn is not actually yours. It's a really backwards philosophy and I don't think Americans will respond to it." Williams took umbrage at Ham's interpretation of the President's message. "It's unbelievable what Mary Katharine is saying. There's political stability, there are laws that protect us, an education system, a legal system if someone violates your patent rights. It's why everyone wants to come to America to start a business." The Factor found a way to agree with both guests: "All of us who are successful owe something to our country for providing the structure. But the government didn't build The Factor, I did. And I paid every nickel of my education."

Factor producer Jesse Watters took his camera crew and headed north to Massachusetts, where he asked some folks how Mitt Romney had performed as the state's governor. Here are a few comments from Bay Staters: "The decisions he made were wise and he was well respected by the constituents." ... "Romney as governor spent a lot of time running for something else." ... "What did he do for us?" ... "He did a great job managing the economy." ... "He says one thing and then says the opposite thing."

Guests: Bernie Goldberg

Many pundits are unwilling to touch the subject of the disintegrating black family, but Fox News media analyst Bernie Goldberg provided his bleak assessment. "I think it's embarrassing," Goldberg declared, "that the out-of-wedlock birth rate today is 72.5% for African Americans. In the entire recorded history of the planet, there has never been a greater voluntary abandonment by men of their children. Black civil rights attribute this to racism, but in 1940, when there was a lot of racism in America, the out-of-wedlock birth rate in black America was 19%. The rise coincides with the beginning of the Great Society welfare state, the government became the father!" Goldberg blasted both parties for avoiding the issue. "Democrats will never speak honestly to black people because their liberal white guilt gets in the way, and Republicans won't speak honestly because they don't have the courage to do it."

During a visit to Egypt, Secretary of State Hillary Clinton was taunted by crowds chanting "Monica, Monica." The Factor's Check: "That was disgusting and every American should take offense. You may remember that I advised President Obama in my interview with him that the Muslim Brotherhood would become a major problem in Egypt, and so they have." Meanwhile, Bruce Springsteen and Paul McCartney were putting on quite a show in London until officials literally pulled the plug. The Factor's Check: "They cut the microphones because the concert was held in Hyde Park, where there is a 10:30 noise curfew. Bureaucratic pinheads enforced that despite the historic circumstances."

Larry Emmerson, Ontario, Canada: "Bill, I watch the Factor a lot and have never seen filibustering like what Hilary Shelton attempted."

Dick Meyer, Charlotte, NC: "As an African-American, I lost respect for the NAACP after hearing Mr. Shelton. A once great organization has become a far left group."

Bill Peggs, Franklin, NC: "Bill, you say Penn State is finished because of the child molestation scandal. Yet, the Catholic Church is still going strong."

David Berry, Annandale, VA: "The culpability of a few men does not overshadow the accomplishments of the entire Penn State community."

Monday's Tip: If you need to buy something, do it now while interest rates are at historic lows and before taxes go up on just about everything.