Fox News host, and resident raving lunatic Glenn Beck, is finally starting to feel the squeeze on his testicles after opening his mouth one too many times.

After a July 28th broadcast (see video below) in which the Neocon supporting puppet called U.S. President Barak Obama a racist, some of Fox's biggest advertisers have vowed to pull their ads.

Reuters reports that Geico, Procter & Gamble, Lawyers.com, Progressive Insurance, SC Johnson, have decided to distance themselves from "The Glenn Beck Program" by not running commercials during the show.

According to Nielsen Co., Geico alone spent over a half-Billion dollars on advertising in 2008, and Beck's show reportedly receives just over 2 million viewers on average.

Fox admitted that Geico was dropping out, but quickly pointed out that some of the sponsors were merely shifting their ads over to other programs on the network;

"The advertisers referenced have all moved their spots from Beck to other programs on the network, so there has been no revenue lost," said a representative from Fox.

A spokesperson from Progressive Insurance claimed that there was some confusion regarding the relationship between the company and Beck's program, and stated that the appearance of Progressive ads during the show had been a "mistake" that was corrected afterward. She added that the insurance giant tries to "avoid programing that we believe our customers and potential customers might find extremely offensive."

Procter & Gamble made a similar statement suggesting a "mistake" was made: "At times our ads are run by mistake on shows that they were not meant to ... Any of our ads that ran did so by mistake, and we'll try to make sure that doesn't happen in the future."

Whether these were genuine mistakes or not remains to be seen, however Beck's blunder was no accident;

"This President I think, has exposed himself as a guy over and over and over, who has a deep seated hatred for white people, or the white culture, I don't know what it is", Beck ranted.

Then when confronted about his statement, Beck quickly tried to back-peddle saying that he wasn't saying Obama doesn't like white people, just that he has a big problem with them.

"This guy, I believe... is a racist".

 This video is from FOX News, July 28th.