This is part 2 of Bill O'Reilly's interview of Barack Obama as shown 9-8-08. Read the full transcript. (part 1)(part 3)
O'REILLY: You and Hillary both, you just want to take my money, and you can have it. I mean, I don't care if I live in a hut. Under President Bush, the federal government derived 20 percent more revenue than under President Clinton. Did you know that?
OBAMA: Well…
O'REILLY: Did you know that?
OBAMA: ...the economy grew, Bill.
O'REILLY: It grew, that's right.
OBAMA: The economy grew, so of course, the…
O'REILLY: Under President Bush, the economy grew 19 percent more than Clinton. See, this is what I'm not getting with you Democrats.
OBAMA: No, no, no. Hold on a second, Bill. Wait, Bill, hold on a second now. I mean, you know the famous saying about there are lies, damn lies, and statistics?
O'REILLY: Yes.
OBAMA: Well, you and I can — we can play a statistics game.
O'REILLY: I know it's bull. I know it is.
OBAMA: So let's be clear on the record, OK? The — during the Bush administration…
O'REILLY: Yes.
OBAMA: ...there was economic growth. Not as fast as during the 1990s, OK, but there was growth during the Bush administration. But what happened was that wages and incomes for ordinary Americans, the guys who watch your show…
O'REILLY: Yes.
OBAMA: …the guys who you advocate for and you speak for on this show…
O'REILLY: Right.
OBAMA: …their wages and incomes did not go up.
O'REILLY: Why?
OBAMA: They went down.
O'REILLY: Do you know why?
OBAMA: And the reason they went down…
O'REILLY: Yes.
OBAMA: ...is because most of the corporate profits and increased productivity went to the top, not just one percent, but the top one-tenth of a percent.
O'REILLY: Well, let me submit to you that you're wrong.
OBAMA: And part of…
O'REILLY: OK. We've been studying this issue because we want to be fair and balanced and give all sides.
OBAMA: Right.
O'REILLY: T he reason that wages have been depressed — and they're not that much. It's about $400 or $500 for the Bush administration, real wages up, and about $2,000 under the Clinton administration — is because there are 10 million immigrants, new immigrants in the workforce, most of whom are illegal aliens.
OBAMA: Bill…
O'REILLY: Those 10 million…
OBAMA: I totally disagree.
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