This is a RUSH transcript from "The O'Reilly Factor," January 31, 2014. This copy may not be in its final form and may be updated.
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O'REILLY: "Fridays with Geraldo Segment" tonight. An amazing sound bite from Nancy Pelosi -- last night on Stewart's show this happened.
(BEGIN VIDEO CLIP)
STEWART: Ok, we are going to set up a healthcare Web site that is an exchange. People are going to come to it.
STEWART: Why is it so hard to get a company to execute that competently?
PELOSI: I don't know. And as one -- who worked very hard. No and that's my question.
STEWARD: Well and let me get the House Minority Leader here. I can ask her. Hold on. Wait what do you mean you don't know? How do you not know?
PELOSI: Well, it's not my responsibility.
(END VIDEO CLIP)
O'REILLY: And that's why the Democratic Party is reeling. This week the "New York Times" is a big (inaudible) booster actually reporting the Democrats could lose the Senate in November. Here with us now to analyze Fox News anchor Geraldo Rivera. I mean you know how foolish is this?
GERALDO RIVERA, FOX NEWS ANCHOR: Well the headline I think is not her woeful performance. It's not that the House Minority Leader Nancy Pelosi couldn't answer the questions. The headline in my view was Jon Stewart.
RIVERA: Jon Stewart pied piper of the progressive young voters --
RIVERA: -- if he has turned on the Democrats. If Stewart is now cynical and skeptical and critical of the Democrats I think that bodes very ill.
O'REILLY: He's gone to the left, he asked a legitimate question and was surprised by the answer but he's quick enough to exploit it and that's what he did.
RIVERA: You don't think he was definitely negative?
O'REILLY: No he wanted an answer. I think they want an answer.
RIVERA: I think that he was shocked and he was very frustrated by her.
O'REILLY: I think he's going for the laugh. Now the Democratic Party --
RIVERA: One more point.
RIVERA: If I am correct and you are not -- that would be very, very rare -- the exception rather than the rule. Then if Stewart turns against the Democrats what happens is it deflates the excitement on the left. It depresses voter turnout and then it really becomes a menace to the Democrats a lot.
O'REILLY: I agree with that I mean if you lose your media stocking horses.
O'REILLY: You're in trouble. You already lost a lot of them. I mean you know, Leno and to some extent the other late night guys are really you know very, very skeptical. But even more important is the polling. A recent "Washington Post"/ABC News poll says that in the economy now, do you trust which party do you trust on the economy; 44 percent Republican; 37 percent Democrats that's just, that's crasher, crasher.
RIVERA: I think the -- sluggish recovery is certainly a big item going forward to the November election.
O'REILLY: Yes it is.
RIVERA: But I -- I would submit again that what is more important is this whole attitude of Obamacare becoming a malignant, depressing, divisive issue where the -- the competence of the President the whole notion of the Democrat's vision of big government solving our problems is now called in question.
O'REILLY: Well that's the next question. Here is the next question. Regardless of your political views overall, which party do you think has better ideas about the right size of the federal government? Ok. Republican 46 percent, Democrat 40 percent. This is a total flip -- a total flip in the country that's going -- if it holds means they are toast in November.
RIVERA: I agree.
O'REILLY: They are.
RIVERA: I agree and the Democrats have a very slim chance now of changing the equation in the House of Representatives.
O'REILLY: They're not going to do that.
RIVERA: But the Senate is still a heavy lift for Republicans and here is why. They need to get six seats of the 21 Democratic seats that are open. Places like Arkansas, Louisiana, Montana where Baucus is retiring. Those seats are up for grabs.
But look what happened in 2010 and 2012. You had in 2010 you've got that witch lady, who is the -- who is the candidate for the Republican, that witch lady O'Donnell in Delaware?
O'REILLY: Yes right.