Guests: Dick Morris

"Last night Charles Krauthammer predicted President Obama would win if the election were held right now. However, Karl Rove disagrees and believes Romney would win. Talking Points believes Barack Obama would not carry one state that voted for John McCain last time around; therefore, Mitt Romney begins with 173 electoral votes. I also think the President will lose North Carolina, New Hampshire and Indiana, which brings Governor Romney up to 203 electoral votes, with 270 needed to win. He can gain 60 electoral votes if he wins Ohio, Virginia and Florida, which would leave him just seven electoral votes from the presidency. So you can see that President Obama has very little margin for error. Florida is most likely to go to Romney - the economy is shaky and the minority vote for Obama will not be as great as it was in 2008. Ohio has Republican John Kasich as governor and the economy is improving there, so Romney has a very good chance. Virginia is a wild card, but again its controlled by a Republican governor who has improved the economy in his state. So going forward, Mitt Romney is in pretty good shape, according to Karl Rove's map. With all due respect to Charles Krauthammer, at this point I think Romney might be in the zone."

Political strategist Dick Morris entered the No Spin Zone to analyze the latest polls. "Polls that survey registered voters include about a third of their sample that doesn't vote," Morris said. "Obama is sweeping that demographic, he is winning those who don't vote by three-to-one. But among those who do vote, which is the 'likely voter' poll, Scott Rasmussen has Romney up 47 - 44. Undecided voters are predisposed to vote against the incumbent, and I think Romney is going to win almost all the battleground states. He's going to win Virginia, Florida, New Mexico and Colorado."

Guests: Dana Perino

While being interviewed this week, President George W. Bush said "it's bad for the presidency to have former presidents bloviating, opining, telling people how it ought to be done ... I don't want to undermine our President." The Factor asked former White House spokesman Dana Perino to react to her former boss's comments. "I think President Bush always thought that this is what he would do," she said, "because he watched what happened to his dad and Ronald Reagan. One of the things President Bush says is, 'The man deserves my silence.' I don't think this was necessarily directed at Bill Clinton; Carter is the obvious choice." But The Factor questioned President Bush's decision to sit on the sidelines: "This is a vital election and President Bush is a prestigious Republican. In certain fundraising opportunities he could help Mitt Romney big time, and so could his father."

Guests: Lou Dobbs

Mitt Romney's team is airing a blistering ad accusing President Obama of wasting billions of dollars on questionable stimulus projects. Fox Business anchor Lou Dobbs assessed the spot's veracity. "Basically it's true," he said. "There are a couple of issues the ad missed, but overall it is absolutely true. One of the thing we've noted in the Obama administration expenditures is that it doesn't really matter where the money goes. We're going to see higher debt and greater waste." Dobbs theorized that the Obama administration has no clue where much of the stimulus money went. "I not only don't believe they know, I don't think they necessarily care. And even more troubling is that the national media doesn't have a very good grip on this."

Guests: Tonya Reiman

Tonya Reiman trained her eye on President Obama's claim that successful business people owe their achievement to others, and Mitt Romney's angry response. "Obama was very animated," Reiman observed, "and he used very large gestures. You can tell he's playing to the crowd, he's almost like he's dancing because he knows the crowd is enjoying what he's saying. You could tell he was sincere because his movements matched his words. Romney is much more serious, there's anger in his face, so you see the brow come down, his lips tighten, and his jaw clench."

Guests: Adam Carolla

Can there be Miller Time without Miller? Apparently there can, because comedian and radio host Adam Carolla sat in for Dennis on Wednesday's show. Carolla objected to the notion that wealthy folks aren't paying enough in taxes. "I'm wildly insulted when people ask 'when are you going to start paying your fair share?', Carolla said. "Last year I paid what a meter maid pays in fifty years. You don't think that's my 'fair share?' I work harder than a meter maid, I'm smarter than a meter maid, and I bust my ass." The Factor joked that one segment of American industry should actually be taxed to the hilt: "I would tax you guys in Hollywood at about 70% because you spend your take-home pay on hookers and cocaine. It would be better used to fund some of the programs we have to have."

Guests: Juliet Huddy

Fox News correspondent Juliet Huddy watched cell phone video showing New York City subway riders subduing a man who allegedly groped a woman on the train. "Let me tell you something as an occasional subway rider," Huddy began. "Every single time I'm on a subway during rush hour, it's a hotbed of perversion with people rubbing up against you. This guy allegedly grabbed the bottom of some woman and she went ballistic. A couple of guys grabbed him, he was arrested and he's charged with inappropriate touching. This is a message to all the pervs out there." The Factor saluted the underground heroes, saying, "I applaud those guys for doing that."

Janis Paget, Apple Valley, CA: "O'Reilly, I am tired of you saying the American people don't understand what's at stake in the presidential election. Yes, we do."

Robert Lench, San Diego, CA: "I just turned 23 and am ashamed at the ignorance of my generation."

Scott Moroz, Port Jervis, NY: "I got a skull tattoo on my neck a long time ago. After being laid off in 2008, I have had several job interviews but no call backs."

Mary Kerfoot, Las Vegas, NV: "Mr. O, I am tired of the tip of the day. You sound like a nanny."

Wednesday's Tip: A product called Smartmouth does a great job of killing bacteria and keeping your mouth clean.