PRESIDENT OBAMA – Actually — every study that’s been done on school vouchers, Bill, says that it has very limited impact if any —

O’REILLY – Try it.

PRESIDENT OBAMA – Oh — it has been tried, it’s been tried in Milwaukee, it’s been tried right here in D.C. —

O’REILLY [OVERLAP] – And it worked here.

PRESIDENT OBAMA – No, actually, it didn’t. When you end up taking a look at it, it didn’t actually make that much of a difference. So what we have been supportive of is, uh, something called charters. Which, within the public school system gives the opportunity for creative experiments by teachers, by principals to, to start schools that have a different approach. And —

O’REILLY [OVERLAP] – You would revisit that? I just think — I used be, teach in a Catholic school, and I just know —

PRESIDENT OBAMA [OVERLAP] – Bill — you know . . . I’ve taken a look at it. As a general proposition, vouchers has not significantly improved the performance of kids that are in these poorest communities —