Guests: Dick Morris

"President Obama was elected last time around largely because he promised a new tone in Washington transparency. With all due respect, that's gone! The President is trying to hide the Fast and Furious scandal and is using political assassins to put out ads, one of which implies that Mitt Romney's cold, calculating capitalism caused a man's wife to die. Does anybody think that's a fair ad? The guy in the ad lost his job in 2001 after Bain Capital took over his company. At the time his wife was working in a separate job and had health insurance. Five years later the woman fell ill and died from cancer. Clearly Bain Capital and Mitt Romney had nothing to do with that and the Obama people know that, but they put the ad out anyway. What does this say about the President? White House spokesman Jay Carney says he hasn't seen the ad, but the truth is that Carney knew about the ad and he didn't watch it on purpose so he could do that ruse. This signals a free-fire zone on the part of the Obama reelection campaign, which will do anything to gain votes, including accusing Governor Romney of contributing to an American's death. There is something very troubling about that, is there not?"

The Factor asked political strategist Dick Morris how Mitt Romney should respond to the brutal new ad. "He should put out the facts as he's done," Morris said, "and he should circulate those facts to everybody. But the larger issue is how the Romney campaign responds to this whole line of attack on Bain Capital. I would urge them to tell the story of what Romney really did at Bain Capital. Obama is trying to move Romney from being a job creator to a deal-maker, from a businessman to a financier, and Romney has to resist that." The Factor again expressed amazement at the vituperative nature of the new ad: "I've been doing this for 35 years and this is way beyond the pale. This is using a guy who is accusing Romney of contributing to his wife's death when Romney had nothing on earth to do about it."

Guests: Peter Dreier

With polls consistently showing that college-age voters strongly favor President Obama, The Factor theorized that one reason is that "many American colleges have very liberal faculties." Occidental College professor Peter Dreier, a denizen of the left who has blasted "Bill O'Reilly's right-wing buffoonery," entered the No Spin Zone and defended his statement. "Buffoonery is in the eye of the beholder," Dreier said, "so if I were you I'd accept that as a compliment. I admire anyone, including yourself, who is willing to step out of the mainstream and be a dissident and challenge the status quo." Despite the bizarre flattery, The Factor remained skeptical of Dreier's motives: "Guys like you go on the Huffington Post and perpetuate propaganda. You can't give me an example of 'right-wing buffoonery' that has been on this program, yet you put it in writing."

Guests: Bret Baier

The Factor welcomed Fox News anchor Bret Baier, who hosts a new special about cities that are either bankrupt or headed in that direction. "We've gone over the stats about all these cities and counties that are declaring bankruptcy," Baier stated, "but we haven't shown you the inside of those cities, the human drama and the characters involved. It's truly an amazing story and it's fair to say that in most cases pensions are the biggest issue. In Stockton, California the mayor had to cut back the police force and the murder rate has gone up." Baier's special, "Cities Going Broke," will air Friday night and Sunday night on FNC.

Guests: Jesse Watters

Factor producer Jesse Watters again ventured into enemy territory, visiting another city where Fox News is considered a pox on humanity. Some residents of Madison told him this: "It has a reputation for having no facts" ... "We're bred to hate Fox, just because" ... "It's phony, it has a bias" ... "O'Reilly's a phony!" Watters entered the No Spin Zone with a recap of his adventure. "They're very radicalized and there are a lot more conspiracy theorists than I encountered in any other city. One guy told me that Fox News reporters get paid by defense contractors to report pro-war propaganda."

Guests: Dennis Miller

The Factor welcomed a tanned and toned Dennis Miller, who picked up where he left off before his vacation. He began by laying out his ideal lineup for the Republican National Convention. "If I was running the convention," Miller opined, "I'd pick Harry Reid, Nancy Pelosi, and Joe Biden to speak. I'd let them have all the time, and then at the end, if I was Romney, I'd just come out and go, 'Really??' Any of those three would be my DH, my 'designated halfwit.' And I would also hold the convention for two hours on just one night and I'd say here's what we think, here's what he thinks, let's get it on." Miller also elaborated on his summer break. "I was in Greece and Paris, it was my 'Dennis Miller 2012 Precursors of America's Impending Fiscal Doom Tour.' Other than rioting, Greece is not a hard-working culture. In the afternoon they take a nap within a snooze within a siesta. It's like a Mediterranean turducken at this point."

Guests: Juliet Huddy

The 2008 campaign featured the "Obama Girl," and now a left-wing organization has introduced the "Romney Girl," who mocks Romney as a tax evader. Fox News correspondent Juliet Huddy gave the video two thumbs down. "This is such a stupid parody," she declared. "This attacks Romney on Swiss bank accounts and taxes, but to be a clever parody you actually have to be clever. This makes Romney look like a partier, which is stupid." Huddy also critiqued a video produced by the city of Houston which advises people what to do if they are threatened by a well-armed mass killer. "This was initially distributed to emergency responders in Houston, but the city decided to release it to everyone because of what happened in Aurora, Colorado. They say you should 'run, hide, and fight,' and it seems to be a very successful video."

Dave Sheehan, Parker, AZ: "O'Reilly, your stance against drug dealers is one-sided. They don't force anyone to use. The responsibility lies within."

Tom Anson, Lincoln, NE: "Bill, I agree that drug dealers are violent criminals. They are accessories to all the people who have destroyed themselves with drugs. They are complicit in crimes that have killed tens of thousands in Mexico."

Jo Meyer, Maitland, FL: "I found it refreshing to hear Governor Romney answer the Olympic question truthfully. Why can't we respect honest politicians?"

Doris Enow, Kileen, TX: "Krauthammer is right. When you visit someone's home, you don't criticize them."

Wednesday's Tip: Because garment manufacturers have become more stingy with the amount of material they use, it may be a good idea to buy clothing a size larger than you previously wore.