The Factor Online, All The Time
Bill O'Reilly: Bad economic news but it doesn't seem to matter to the folks
By: BillOReilly.com StaffJanuary 31, 2013

By Bill O'Reilly

Last quarter, the economy fell back. In fact, it was the worst economic performance since the second quarter of 2009 when the recession officially ended.

According to the Associated Press, the U.S. economy shrank from October through December, Christmas season, hurt by the big defense spending cuts. And the AP says the economy may stay weak because of the rise in Social Security taxes. If you earn $50,000 bucks a year, you'll have $1,000 less to spend in 2013. A household with two workers will average about $4,500 less in their paychecks. Finally job growth sluggish, unemployment likely to remain around eight percent. Again, this according to the Associated Press.

President Obama has spent approximately $5 trillion trying to stimulate the economy. That's taxpayer money. We'll never see again. Because of all the federal spending, President Obama has added $5.8 trillion to the debt in just four years.

So this is grim. America is in a bad place economically, but the folks don't seem to care. New "The Washington Post" poll says 60 percent of Americans have a favorable opinion of President Obama. That's a three- year high. Now, that approval may go down due to the sinking economy. But there is no question Americans like Barack Obama and they are cutting him a tremendous amount of slack. It could be style over substance because the President's achievements have been few.

ObamaCare is the law. We all know that. But corporations like Boston Scientific are laying off some workers. Largely because of the cost they will incur for Obamacare health insurance. If that trend takes hold, we're all in big trouble.

So we are living in a very interesting time. We have a popular President, a bad economy and everybody paying more in taxes. It simply doesn't add up. Pardon the pun.

And that's "The Memo."

— You can catch Bill O'Reilly's "Talking Points Memo" weeknights at 8 and 11 p.m. ET on the Fox News Channel and any time on foxnews.com/oreilly. Send your comments to: oreilly@foxnews.com.

Transcript Date: 
Wed, 01/30/2013
Transcript Show Name: 
O'Reilly Factor
Appearances
MONDAY
TUESDAY
WEDNESDAY
THURSDAY
FRIDAY
OCTOBER 20, 2014
Talking Points Memo & Top Story
A new Politico poll of likely voters from states where mid-term races are tight clearly shows...
Impact Segment
The New York Times says that there is compelling evidence there was a struggle between 18-year-old...
Hume Zone
As we've reported, the federal courts are legalizing gay marriage all over the place and in...
Personal Story Segment
Last week, in a Daily Show interview, Jon Stewart claimed that
black Americans have a harder...
Factor Follow Up Segment
Karl Rove reacts to a surprising new poll on who Republicans would like to run for president...
Watters' World
Polls show that most Americans are well aware of the Ebola situation and many are very concerned....
Get KP free when you become a PM!
Newsletters
Learn More about our newsletters here.
BillOReilly.com Column
Talking Points Memo Transcript
The Bill Bulletin
The Factor Insider
This Week on The Factor
E-mail Address
Follow The Factor
Terms & Conditions   |   Privacy Policy   |   Acknowledgements   |   Advertising   |   Mobile Site
Copyright © 2002-2014 BillOReilly.com. All rights reserved.