By Bill O'Reilly

Yesterday, NBC's Matt Lauer interviewed the President for just six minutes a few hours before the Super Bowl game. A pretty standard stuff. The President saying his policies are improving the economy and that he is watching Iran very closely.

Now last year you may remember that, I your humble correspondent, interviewed the President before the game. We talked with him for about 14 minutes and the tone was very different.

(BEGIN VIDEO CLIP)

O'REILLY: Do you deny that you're a man who wants to redistribute wealth?

OBAMA: Absolutely.

O'REILLY: You deny that?

OBAMA: Absolutely. Bill, I didn't raise taxes once. I lowered taxes over the last two years.

(CROSSTALK)

O'REILLY: But the --

OBAMA: I lowered taxes -- I lowered for the last two years.

(CROSSTALK)

O'REILLY: But the entitlements that you championed do redistribute wealth in the sense that they provide insurance coverage for 40 million people that don't have it.

OBAMA: What is -- what is absolutely true, is I think in this country there is no reason why if you get sick you should go bankrupt. Now that -- the notion of that is a radical principle; I don't think the majority of people would agree with you on it.

O'REILLY: Then why do the majority of the people in the polls not support Obama care?

OBAMA: Actually, I think it's pretty evenly.

(CROSSTALK)

O'REILLY: It's close. The majority don't support it.

(CROSSTALK)

OBAMA: It's -- it's evenly divided, Bill.

(END VIDEO CLIP)

O'REILLY: The Obama care issue of course now in the Supreme Court to be decided by summer.

Another interesting part of the interview was Egypt.

(BEGIN VIDEO CLIP)

O'REILLY: The Muslim Brotherhood great concern to a lot of the people they are a threat to the U.S.A.

OBAMA: I think that the Muslim Brotherhood is one faction in Egypt. They don't have majority support in Egypt. They are -- but they are well- organized. And there are strains of their ideology that are anti-U.S. There is no doubt about it.

(CROSSTALK)

O'REILLY: But you don't want the Muslim Brotherhood.

OBAMA: What I want is a representative government in Egypt. And I have confidence that if Egypt moves in an orderly transition process. That we'll have a government in Egypt that we can work with together as a partner.

O'BRIEN: Those are some tough boys the Muslim Brotherhood.

(END VIDEO CLIP)

O'REILLY: Well that confidence not well founded Egypt now says it will put 19 Americans on trial -- totally trumped up charges and the USA is threatening to suspend the $1.3 billion in aid we give them. It's a mess and the Islamists are behind.

But there is no question that President Obama is in a better position today than he was last time -- last year at this time.

A new Rasmussen poll among likely voters has Mr. Obama defeating Romney 49-42. And the president's job approval rating has risen to 50 percent with 48 percent disapproving. But that poll means little because the election is still nine months away and things can change fast.

Jobs will most likely decide the race unless a Republican challenger can define the danger of America's massive debt in a way that will get the attention of the voters. That's not going to be easy.

The presidential debates will mean everything this year as Independents try to decide who to support. Those debates will be high tension expositions, no question.

"Talking Points" expects one of the closest elections in the nation's history.

And that's "The Memo."

Pinheads & Patriots.

Many Americans got a very emotional after yesterday's Super Bowl game. One of them: quarterback Tom Brady's wife, who's a bit disenchanted with the Patriot receivers.

(BEGIN VIDEO CLIP)

GISELE BUNDCHEN, WIFE OF TOM BRADY: He didn't catch the ball when he was supposed to catch the ball. My husband, cannot (EXPLETIVE DELETED) throw the ball and catch the ball at the same time.

(END VIDEO CLIP)

O'REILLY: That's not a good shot in the back. Some feel that Bundchen's comments are sour grapes. Not me. I think she's a patriot for sticking up for her Patriot husband.

— You can catch Bill O'Reilly's "Talking Points Memo" and "Pinheads & Patriots" 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.