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Talking Points

Bill O'Reilly: President Obama Channeling Teddy Roosevelt

By Bill O'Reilly

As you may know President Roosevelt despised predatory

capitalism even though he was a rich guy himself. He did not like monopolies or

huge corporations exploiting American workers.

Roosevelt's legacy on that is excellent. He fought hard to

get fairness into the private marketplace. Now President Obama says he wants to

do the same thing in the face of a faltering economy.

(BEGIN VIDEO CLIP)

PRESIDENT OBAMA: I believe that this country succeeds when everyone

gets a fair shot, when everyone does their fair share, when everyone plays by

the same rules. These aren't Democratic values or Republican values. These

aren't one percent values or 99 percent values. They are American values and we

have to reclaim them.

(END VIDEO CLIP)

O'REILLY: Ok, nice speech. The problem is Mr. Obama seems to

be blaming the bad economy on wealthy Americans and corporate greed heads.

"Talking Points" believes that is a ruse. There is no question some

companies are piggish. They short change their workers while lavishing benefits

on executives.

But private companies can do pretty much what they want in

the compensation area. Personally, I won't do business with exploitative people

and all Americans should consider that philosophy.

President Obama says he's angry about corporate abuse. Well

then why hasn't he condemned the government mortgage agencies Fannie Mae and

Freddie Mac? They owe we, the people more than $140 billion dollars; yet they

are lavishing big benefits on their top executives. The President could do

something about that so far he has chosen not to.

So once again, I'm a bit skeptical of Mr. Obama's motives

here. It's certainly possible that he doesn't know how to recharge the economy

so he's blaming fat cats in order to create a distraction.

Today the "New York Times" laid out the true

liberal agenda on the economy saying quote, "Elected officials can step in

to keep competition fair and ensure the government has enough money to protect

the vulnerables."

Well, there it is the "Times" and many liberal

Americans want elected officials, that's the government, to run the private

sector, to dictate who gets what. Hello Cuba. Unlike some anti-Obama

commentators, I don't believe the President is a socialist. I think he is an

ardent liberal who wants quote, "income equality" and believes the

feds should impose that.

Now some say that is socialism; and it's close, no question.

The difference is Mr. Obama has not proposed seizing private assets. He does

want the wealthy to carry most of the tax burden.

The bottom line is the President Obama's administration has

not solved America's economic problems. And "Talking Points" believes

it has run out of ideas.

So now the only play, the only play is to convince voters

that greed heads are holding the economy back. And we must take more from them.

I don't believe the American people are going to buy that. But I could be

wrong.

And that's “The Memo.”

Pinheads & Patriots

A very big thank you to the U.S. Post Office and its leader, Patrick Donahoe, for helping send gifts and necessities to our troops overseas. Operation Shoebox in Florida asked the post office for help. They gave it, so they are patriots.

Also tonight all living World War II vets are, of course, patriots as today marks the 70th anniversary of the Japanese attack on Pearl Harbor.