How will history evaluate President Obama?
Talking Points 2/26
- Duration 3:30
- Date Feb 26, 2013
Talking Points 2/26
Also in this playlist...
This transcript is automatically generated
Hi Bill O'Reilly reporting tonight from Los Angeles thanks for watching us how -- history evaluate President Obama.
That is the subject of this evening's talking points memo.
It just a few days automatic federal spending cuts might kick in that is known as he sequester her a word we don't like here at the factor.
Because it's a -- -- understand and it's largely meaningless the issue is very very simple.
President Obama does not want to cut federal spending without a nod there tax increase.
Republicans say no way.
They're not going to continue to feed the federal spending colossus.
Democrats Republicans and independents.
Understand that we can't just cut our way to prosperity I want to.
Disagree with those who say we -- spending problem.
So it is almost if false argument to say we have a spending problem they have a budget deficit problem that we have to address.
I am not going to keep cutting the discretionary budget which by the way is not.
Out of control all despite what you hear on Fox News.
Senator Landrieu and others -- simply wrong federal spending is certainly out of control the -- approaching seventeen trillion dollars.
Here's a batted it in 2003 the USA spent just above two trillion dollars.
This year the estimated spending will be three point six trillion.
Rise in spending and a ten year period would know inflation.
And what do we have to show overall it spending.
Economies are much better.
The poverty rate is about the same as it was fifty years ago and sour areas for working people are going down.
So why are we spending all the money for what -- I'll tell you walk.
Take a look at this chart put out by the Pew Research Center.
It's his 48% of Americans want smaller government and few were services.
But among Hispanics.
Wants smaller government and fewer services a whopping 75%.
Of Latinos survey.
Approval bigger government and more entitlements.
That's why President Obama spending the money because he knows that a coalition of African Americans Hispanic Americans.
Organized labor and committed liberals.
Will overwhelm the Republican Party.
So in essence the president is putting party politics above the good of the nation.
History will record that.
And a few years from now on president Obama's administration is about -- historians will not care about his charisma.
His co opting of the press or his demeanor in general.
No history will look.
At the facts.
And the facts are that the USA is on the road to bankrupt C.
And when that happens if it does President Obama will be Blaine.
Previous presidents like van Buren Harding collegiate -- over.
All got hammered.
Because of perceived that economic policies.
Fact is that right now Barack Obama is in that historical category.
That's -- fact and that's --