Guest: Martin Luther King, III
"African Americans have it harder than other ethnic groups in the USA. Anyone who denies that isn't living in the real world. But there is another truth, that America offers more opportunity to black people than any other country on earth. So why do we hear so many voices condemning America? Enter President Obama, perhaps the greatest African American success story in American history. It is valid for him to tell People Magazine that he has experienced racism, I believe every African American has. But so have most overweight Americans, most gay Americans - millions of us have been insulted by ignorant people. That is not the collective fault of the nation, it is the individual's failing. A bad decision by a grand jury, such as in the Eric Garner case, does not mean the entire justice system is rigged, just as criminal behavior by some African Americans doesn't mean all black citizens are bad. The simplistic condemnation of America is dangerous, especially because the media is too callow to provide a balance. Here's a good example: The actor Samuel L. Jackson is a tremendous success story, but he has jumped on the grievance train. Mr. Jackson was raised by his grandmother in Tennessee. He was poor, but he's very intelligent and eventually found his way to Morehouse College. There he associated with black militants and entered his 'kill whitey' period. Nevertheless, his talent proved out and he is a wealthy man. Rather than diminish this country, he should be trying to make it better. His message could be that if I can succeed, so can you. African Americans have it tougher than whites, some cops don't like blacks, and historical injustice has affected the black experience. But this country offers a pathway to success, and the message of opportunity and America's nobility should be on the backside of every one of those 'I can't breathe' tee shirts.

The Factor continued on the subject with Martin Luther King III, son of the slain civil rights leader. "Our nation does need to hear a unifying message that brings us together," King said. "While there are victims, you can overcome those situations and become successful. I know America is a noble nation - whenever there is a catastrophe Americans come running to help, that's who we are at heart. Unfortunately, once that catastrophe is over we go back to our corners and live separately. We need all hands on deck, opportunity has to come to areas that are excluded." The Factor urged President Obama to send a ringing message: "He needs to provide leadership and say there is a pathway to success. Don't abandon your children, don't get pregnant at 14, don't allow your neighborhoods to deteriorate into free-fire zones."

Guests: James Rosen & Carl Cameron
The Taliban in Pakistan slaughtered more than 130 children this week. Fox News correspondent James Rosen explained the Obama administration's attempt to distinguish one Taliban from another. "White House spokesman Josh Earnest was quick to note that this was the Pakistani Taliban that carried out the attack," Rosen reported. "He made that distinction because he wanted to avoid any linkage between this horrific event and our drawdown in Afghanistan. The bottom line is that both Pakistan and Afghanistan remain client states of the United States and both remain deeply troubled places." Carl Cameron turned to this week's ruling by federal judge Arthur Schwab that President Obama's executive order on immigration is unconstitutional. "Judge Schwab wrote that the unilateral action deferring deportations violates the separation of powers in the Constitution. The Justice Department says that the judge is flatly wrong and Democrats have been taking shots at Schwab, who was appointed by George W. Bush."

Guests: Doug McIntyre & Richard Fowler
The hacking scandal at Sony Pictures took a new turn Wednesday when the studio said it will not release "The Interview," the comedy that mocks North Korea. The Factor explored the issue with columnist Doug McIntyre and radio host Richard Fowler. "Sony has capitulated to terrorists," McIntyre declared, "and what message are we sending? Hollywood has reacted hypocritically now that their ox is getting gored - when it was Edward Snowden or Julian Assange, they made movies about them." Fowler pointed out that Sony was pressured by nervous movie theater owners. "Cinemas across the country said they didn't want this to be shown, but I'm going to go see the movie." The Factor accused studios of showing very selective outrage. "The Hollywood community was supportive of Edward Snowden, but they are not supportive anymore. There is a whiff of hypocrisy."

Guests: Molly Line & Eric Shawn
The Factor welcomed anchors Molly Line and Eric Shawn, who assessed some of the year's most egregious lies. "A lot of fact-checkers remember President Obama's 'jayvee team' comment," Line said. "He said he wasn't specifically referring to ISIS, but then the Washington Post got the transcript of his original comments and it was very clear that he was in fact talking about that."

Eric Shawn analyzed a rampant Internet rumor which alleges that the Wounded Warrior Foundation is not an efficient charity. "Some claims on the Internet say only 3.5% of the income goes to vets, but that's not true at all. The website CharityNavigator.org gives Wounded Warriors three out of four stars."

Guests: Dennis Miller
Dennis Miller opined on this week's Taliban massacre in Pakistan. "We have to stop calling these people 'crazy,'" he suggested, "and we have to start acknowledging that they are the quintessence of evil. The only fix I can see is that 'not-evil Islam' has to declare a fatwa on the jihadists in their own ranks, who are the true infidels. This will have to be tidied up in house - somebody in 'sane Islam' is going to have to start croaking these pigs." The Factor lamented, "Many are physically afraid to confront these people." Miller also revealed precisely what he wants to see under the tree next week. "I asked Santa for a big honkin' forklift so I can carry around my entire set of your 'Killing' series."

Guests: Martha MacCallum
FNC's Martha MacCallum reported on a new poll that asked people about Christmas displays on public property. "This poll says 72% of Americans are okay with manger scenes and other displays that recognize Christmas," she said, "if there are also religious symbols of other faiths. I think the tide is turning in this discussion." The Factor rang out with Christmas cheer, saying, "I'm happy to hear that people are regaining their sanity about a very kind holiday."

Michael Richards, San Francisco, CA: "O'Reilly, your hit job on Senator Warren was pathetic. To suggest her so called anti-capitalistic stance would hurt the marketplace is bull. And to say that the economy has not strengthened under President Obama is a lie!"

John Dalli, Shrewsbury, MA: "When asked to justify her $300,000 salary for teaching one class at Harvard, Ms. Warren said she had worked hard to command it. It's funny how she deserves her personal success but tells others the government helped them achieve."

Spike Roberson, Ann Arbor, MI: "Bill, you and Stossel may embrace Christmas as a feel good celebration that benefits the economy, but I beg to differ. It is a festival of greed filled with bad music and cheap decor."

Bonnie Gibson, Hammonton, NJ: "All I want for Christmas is to have my email read on the O'Reilly Factor."

According to a new poll, Nancy Grace ranks as the single most annoying host on TV. The list also includes Oprah Winfrey, Geraldo Rivera, Rosie O'Donnell, and Glenn Beck. Coming in at number 10 ... Bill O'Reilly. Thus, Bill's Tip of the Day: "Life is not always fair, I should be the most annoying person on television."