The Radio Equalizer: Brian Maloney

25 September 2008

Bill O'Reilly's Shocking Radio Outburst Stuns Many


In On-Air Tirade, O'Reilly Takes No Prisoners

After watching banks and brokerage houses collapse, threatening the American economy, Bill O'Reilly is hopping mad. Rather than blame one side or the other, however, the FOX News Channel talker is lashing out at just about everyone, including conservative talk radio hosts, Bush and the Democrat-controlled Congress.

In a rant that is already making its way across the Internet, O'Reilly unleashes particular scorn at Democrat Party leaders in Congress who he believes knew what was going on and did nothing about it.

At one point, he calls Bay State embarrassment Barney Frank a "fat toad", while threatening to break any fingers that might be pointed one way or another. If they were in the studio, he says he would have hit them.

Here's the Radio Equalizer-produced transcript, followed by Johnny Dollar's YouTube clip of today's Radio Factor program:

O'REILLY: I do talk radio and most talk radio is conservative dominated, ideologues, Kool-Aid drinking idiots, idiots. Screaming at you, 'this is socialism,' this is this, that is that, 'it's Clinton's fault." It's Clinton's fault? When he hasn't been in office in eight years.

It's Bush's fault, it happened on Bush's watch. You know, Bush could have prevented this.


Let's get back to this talk radio stuff. These idiots, I mean they're misleading you, they're lying to you, They're rich, these guys. Big cigars, all of that. 'Oh yeah, my private jet' and they're saying, 'oh no, no bailout, ah ah, no way.'

Hey, you're gonna get it! Not them! That foreign investment pulls out, we are toast. And they'll pull out if this bailout doesn't happen. Are you getting the message here? Walk away from these liars, these right wing liars. Walk away from them. They're not looking out for you.

I don't even want to talk about the far left. Barney Frank, DISGUSTING, POINTING FINGERS! It's YOU, you big fat toad! YOU, Frank, YOU, Dodd. Sitting there (mumbled parroting voice) [...] It's YOU, Dodd! YOU, you knew!

I swear to God if they were in this room right now, I would hit them. Dodd and Frank, the House finance, the Senate finance. THEY KNEW, DON'T POINT A FINGER AT ANYBODY ELSE OR I'LL BREAK THAT FINGER OFF.

SO, YOU GOT CORRUPTION ON THE RIGHT AND YOU GOT CORRUPTION ON THE LEFT, and who gets it? YOU GET IT? You, the hard working person. The next politician that gets up there and points a finger, I'm going to go after them myself!

SHUT UP! FIX IT! THESE ARE PEOPLE'S LIVES! I got enough money in the bank, okay?

Unless a bank fails, I'm fine. But you're probably NOT fine. I'm lucky, and I'm tired of these charlatans on both sides lying to you because they're ideological Kool-Aid drinkers or corrupt toads.

And I'm talking to you, Barney Frank. Who's the guy that was 'OH, if you don't lend money to poor people, you're a bigot!' Who was saying that, Barney?

Man, I gotta take a break.

And here's the YouTube clip:

Sure, there's plenty of blame to go around on the political side of the fence, but how are conservative talk hosts misleading the American people? Yes, some of them are against the bailout, but there's no uniform sentiment. A few appear to see it as a necessary evil, while others are adamantly opposed.

If anything, Rush Limbaugh now seems to support what he considers a money-making "rescue" rather than a bailout:

RUSH: The bottom line is that he says the government, if Paulson is able to buy up all these mortgages -- and, by the way, most of them are not into foreclosure yet. Most of them haven't defaulted. If Paulson, if the Treasury is able to buy up for $700 billion, $800 billion all of these mortgages and hold onto 'em and then sell 'em off as the market value is established on them, this guy's model say anywhere from $1.1 to 2.1 trillion could be realized by the government being in the mortgage business, the government as an investment bank.

He says, "My calculations, which assume 50% impairment on subprime loans, suggest it is possible, all in, for this portfolio to generate between $1 trillion and $2.2 trillion -- the greatest trade ever. Every hedge-fund manager will be jealous. Mr. Buffett is buying a small piece of the trade via his Goldman Sachs investment." And, by the way, a lot of people are saying this means we've reached the bottom.

When the smart money gets in, the smart money in this case being Buffett -- by the way, I never have trusted a guy named after a smorgasbord. But nevertheless when they're saying the smart money gets in, Warren Buffett gets in, that means we're near the bottom of the market. And that's one of the reasons why the Dow Jones Industrial Average is up a little bit.

Now, I have some thoughts on this because this piece makes it clear this is not a bailout. It's a rescue. Now, these things still have some value. I don't know what the value is, and they haven't been foreclosed on. They're pretty close to worthless, but it's not technically a bailout. And of course you're hearing all these warnings if we do this then there's not going to be any credit. Okay, now, what does that mean? Well, it could mean something like this. Now, I'm just giving you an extreme example. It could mean that all of our credit cards, outstanding balances are going to be called in, 'cause there's no more credit. If the credit markets have no cash to lend money, and if the assets that they hold are worthless, then there's no credit, and if there's no credit, there's no expansion. If there's no expansion, there's no growth. Now, this is an extreme scenario, but they're using two things to sell this rescue plan. They're using fear of you losing and everybody losing their credit, and the come-on, "Wow, look how much money the government can make here, $2.2 trillion, can you imagine the debt service that we could --" debt service. Remember the peace dividend? What did they do with it? It didn't even exist. They grew the government. This is the kind of money, if Obama is elected, this is the money that will fund all of his brand-new big-time social programs. There's a lot to think about here.


RUSH: Okay, here we go. The piece I just read to you, Andy Kessler, I should give you the headline. "The Paulson Plan Will Make Money for Taxpayers." He's a former hedge fund manager, and that's how he analyzes this. He's one of these economists that has commuter models and he's run some projections. Now, if this guy is right -- and who knows? See, we don't know who to trust, and we don't know who's going to end up being right. Our experienced is, "I'm from the government and I'm here to help you," means we're going to get screwed. And we know there's not one single person involved in this I trust with that prediction. There's not a Ronald Reagan here. If a Ronald Reagan was saying, "We gotta do this," I would believe it. There isn't one of those. So you've gotta scrounge around. It's actually a great educational process.

What we can say about O'Reilly's rant is that it was a passionate talk radio moment on a subject that has many feeling more than a bit emotional.

His strongest point is in attacking Frank, who has repeatedly been interviewed by fawning mainstream media outlets without the slightest hint of a tough question. As head of the House Financial Services Committee, the Massachusetts Democrat certainly deserves a large share of the blame for his lack of oversight while the financial system was melting down.

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  • See Mark Levin's response to the blowhard O'Reilly:

    By Blogger Dan, at 25 September, 2008 22:14  

  • here's a media-equalizing story for you to crack-report upon maloney.

    when the news of edward's affair became official, fox news (and virtually all the media) beat that drum incredibly hard, even though at the time it broke, it wasn't relevant to the campaign - Fox News was very strong on the story, and Sean Hannity spent all the time he could about it - applauding the National Enquirer for reporting the story.

    Now, Sarah Palin's alleged affair is being reported upon in NE, but there's total media silence about it.

    Hrm. the National Enquirer reported that John Edwards was having an affair, but Edwards denied it while his candidacy was an ongoing concern. When no longer running for president, John Edwards _admits_ he had an affair and that he lied about it, and the media spent days on the story, almost constantly.

    Sarah Palin IS the VP Nominee, the National Enquirer reports about her alleged affair, but the media is SILENT. Not least of all fox news.

    Where are you on championing that the media treat this story with the same verve as they did the edwards affair story?

    By Anonymous Anonymous, at 26 September, 2008 13:22  

  • It looks like the Obama apologist O'Reilly is having a mental breakdown. O'Reilly spins himself as some sort of holier-than-thou independent and it's downright disgusting. I'll bet (a dollar) that the ol' boy lost a ton of money on his stock investments.

    And I'll give you the last word.


    By Anonymous Anonymous, at 26 September, 2008 18:45  

  • TJ, the Globe has reported an Obama Gay/Murder/Drug scandal involving cocaine, some guy named Larry Sinclair, and a murdered TUCC choir director named Donald Young.

    Where are YOU on championing that the media treat this story with the same verve as they did the Edwards affair story?

    By Anonymous Anonymous, at 26 September, 2008 18:54  

  • nice (NOT) try, Wayne.

    National Enquirer has three witnesses, a not-failed polygraph, and an affadavit (and the polygraph and affadavit are from two separate witnesses).

    What's sinclair got more than his own shrill raving looniness?

    Nothing, obviously.

    Lame, lame attempt on your part.

    By Anonymous Anonymous, at 26 September, 2008 20:27  

  • TJ, In the ongoing murder investigation of Donald Young, this fellow Sinclair has filed a sworn affidavit with the Chicago Police Department that he had contact with Young concerning BOTH of their homosexual affairs with Barack Obama, just weeks before Young was violently murdered in December of 2007. The CPD has most assuredly issued subpoenas for phone records regarding Sinclair's allegations. That was months ago.

    Why hasn't Sinclair been arrested on perjury charges for filing a false affidavit? And that question is just for starters.

    By the way, how much money did the Enquirer pay these "three witnesses"? And were they "supposedly" in the room at the time of the alleged affair? heh

    By Anonymous Anonymous, at 27 September, 2008 00:16  

  • surely, you'd imagine that the republicans would order this squashed for now, so as to take it out and revive it, when most advantageous, to their benefit

    for what it's worth, wayne, i believe larry sinclair

    "Why hasn't Sinclair been arrested on perjury charges for filing a false affidavit?"

    good question

    first off, this actually supports the above theory, and the likelihood that the charges have merit

    i don't see an abundance of character witnesses jumping up to vouch for barky, in fact, one NEVER sees a parade of old friends, significant others, faculty, classmates, etc., willing to vouch for barky, or even sing his praises, unlike his followers, which is telling

    lastly, these proceedings are taking place in the jurisdiction of biden's son, who ordered sinclair jailed immediately following his press conference, in order to suppress him further, which is customary for obama and his mugabe-like tactics, and thugs

    when you spend your formative years knocking around with terrorists, their ways tend to rub off

    but, no, barry represents absolutely no threat to americans, let's just all move along

    By Anonymous Anonymous, at 27 September, 2008 01:21  

  • aligning yourself with the delusional sinclair makes you a total moron.

    'nuff said.

    you wanna dispute the national enquirer? go read their website post, then argue the points.

    By Anonymous Anonymous, at 27 September, 2008 01:54  

  • oh, and since you believe in sinclair so much, why don't you go contribute to his loony road-show?

    By Anonymous Anonymous, at 27 September, 2008 01:56  

  • congratulations, tj, you've become what you've always hated

    By Anonymous Anonymous, at 27 September, 2008 21:39  

  • @hash,

    at first I read your comment and just thought, "wtf?".

    Then I realized your comment is simply hilarious.

    You have no idea whatsoever who I am, whether or not I've "become" anything, nor what it is I hate.

    Too melodramatic, chum. And you take yourself much too seriously, judging from that single comment.

    In short; haha.

    By Anonymous Anonymous, at 28 September, 2008 13:25  

  • Bill and his boss Rupert Murdoch sold out to Obama just before Denver. Not surprised he's worried about "foreign investors." His boss is wrapped up in all of that and I bet old Bill is watching his own money disappear.

    There was a time I'd have defended him, but selling out to Obama is proof he's just in it for the money.
    Looking out for the little my guy, my rear.

    By Anonymous Anonymous, at 30 September, 2008 02:53  

  • The site,, had offered Sinclair the sum of $10,000 to take a polygraph plus another check for $100,000 if he passed. To prove they were not bi-partisan the site also offered the woman at the center of the McCain lobbyist mini-scandal, Vicki Iseman, the same offer. used the services of highly respected polygraph expert, Dr. Ed Gelb. Sinclair passed a drug test before taking the tests, both administered on a Friday. On the first test, questions were administered about Sinclair’s claims that he and Obama had sex. The second test focused on Sinclair’s claims that he and Obama did drugs. Dr.Gelb found “deception was indicated” in both tests. Absent any other developments this is the end of the road for Larry Sinclair.

    By Anonymous Anonymous, at 08 October, 2008 17:58  

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