GLENN: I was just America's first black President. He's not savior of the universe. Bill Clinton was a master at saying, "Hey, I've got to tell you something," and latching on and finding the extreme and saying, see, I'm not as extreme as this. "You know, I'm crazy but I'm not that crazy." And that's what Bill Clinton would do, and it was good. Now, this time it's Obama. The guy who's hanging out with, you know, Reverend U.S. of KKKA Wright who is coming out against reparations for slavery. I don't know if you read this story at all but, you know, most people just heard that, oh, he's again reparations, Barack Obama, he's against. That's what the headlines are saying, he's against reparations of slavery. We're supposed to believe that Obama is saying, damn the torpedoes, you know, I don't care what these black churches say, I don't care what people like Reverend Wright say, I don't care what Jesse Jackson says. I'm against. I'm against reparations. The problem is if you read the story, it doesn't really work out that way. It's obvious to anybody who actually thinks about it that reparations are ridiculous. You are taking money from people who didn't commit the offense and giving it to people who weren't victims of the offense. But still it has a surprising number of supporters. Two dozen members of congress are now cosponsors of different legislation that create a commission to study reparations. The NAACP supports the legislation in cities around the country including, what a surprise, Obama's hometown of Chicago have endorsed the idea of reparations. So has a major union, the American Federation of State, County and Municipal Employees. So shouldn't Obama get credit for standing up against these powerful, powerful lobbies? A lot of people might notice this quote from the co-chair of the national coalition of blacks for reparations in America, and it would sound familiar to anybody who followed the Reverend Wright saga when -- do you remember when Reverend Wright said he's just basically a politician? Obama's being a politician, he's got to do what he's got to do. This is what the co-chair of the national coalition of blacks for reparations in America said. Quote: Let's not be so naive. Senator Obama is running for President of the United States. So he's in a constant battle to save his political life. "In light of the demographics of this country, I don't think it would be realistic to expect him to do anything other than what he's done." When are people going to pay attention to this. How many people have to say the same thing about Obama before people start believing it? How many people are going to say a variation of, well, of course he believes in our crazy ideas but he can't say that once he's running. Once he gets in, he'll do it; don't worry. You combine that with the horrible ideas that he is admitting to and it's a wonder that anybody is really willing to vote for him. But even that isn't the real story. The real story on Barack Obama being against reparations is why he's against reparations. This will blow your mind. Not because they are a punishment against the innocent or that handing out checks to people not directly victimizes ridiculous. You know, not that it's a race lottery, that that's a race lottery isn't the best idea to, you know, encourage healing or that cash payments based on race are a little over the top. He's actually opposed to reparations because they don't go far enough. If you actually read where he stands on race reparations, it's unbelievable.

Back in 2004 he told the NAACP: "I fear that reparations would be excuse" -- listen to this -- "Would be an excuse for some to say we've paid our debt and to avoid the much harder work. Hang on just a second. I'm trying to figure this one out. We paid our debt. Stu, I don't have a debt to pay.

STU: Well, when you had those slaves.

GLENN: No, I didn't have any slaves.

STU: You shouldn't have done that.

GLENN: No, I didn't have any slaves.

STU: No, when you had a plantation.

GLENN: I didn't have a plantation. Jim Crow, I didn't know any of those laws. I didn't pass any of those laws, I didn't vote for any of that.

STU: No, what I'm saying is the biggest problem that you have trying to win this argument is when you flew over to Africa and picked up those people and then bring them back against their will.

GLENN: No. Why would I fly over and then ship them over? It would take too long and it would be -- I didn't do any of that. Anyway, so it would be an excuse for somebody to say we've paid our debt and to avoid the much harder work. What's the more -- what's the most -- what's the hard work there? What would -- what hard work would we be avoiding? You see, Barack Obama, reparations aren't out of, you know, out of the mainstream idea with him. They're just not enough. They're too moderate. Reparations, too moderate. We need so, so, so, so, so, so, so much more. He's worried that the validity of race-based victimization goes away if we just start handing out a payment. What he wants is much more significant, systematic, much more expensive and most importantly less obvious, change.

<Break>

GLENN: 888-727-BECK, 888-727-BECK. Here's a clip from Bill Clinton over the weekend. Listen carefully to what he has to say.

CALLER: Do you personally have any regrets about what you did campaigning for your wife?

BILL CLINTON: Yes, but not the ones you're saying. And it would be counterproductive for me to talk about it. Yeah, there are things that I wish I had to do, things I wish I said, things I wish I hadn't said. But I am not a racist, I never made a racist comment and I didn't attack him personally.

GLENN: Unbelievable. He went on in the same thing to say a year from now year going to be a lot freer to speak our mind and say what's really on our mind. Really? A year from now? Why? You mean if Obama wins we'll be freer, you'll be freer to and I your mind? A guy who now, the first black President, has to defend, "I'm not a racist, I'm not..." listen to this. I'm not a racist. I've never thought Bill Clinton was a racist. I thought that Bill Clinton was a political slime machine that would say whatever he had to say to whoever he was standing in front of and he would use whoever he would have to use. But a racist? I don't think he's a racist. But even Bill Clinton has to defend himself and say, I wasn't a racist, I wasn't a racist, I never made a racist comment, I didn't attack him. Where do you think you're gonna fall in the food chain if Barack Obama wins? Where do you -- how do you think you're gonna defend that you're not a race -- if Bill Clinton has to say it, how are you going to defend yourself? How long do you think we last? Ten minutes, ten days, ten weeks? How long do we last before we're racists because we disagree with his policies? If Bill Clinton has to say it, unbelievable.