By Bill O'Reilly

A new Washington Post/ABC News poll says that 57 percent of Americans now disapprove of the way the president is handling the economy. Just 42 percent think he's doing a good job in that area.

Now, you would think that would be a catastrophe for a sitting president, the vast majority of the country believing he does not have a handle on the economy. But in order to vote Mr. Obama out, you need an alternative.

In the same poll, Republican-leaning Americans were asked: Are you satisfied or dissatisfied with the choice of candidates for the Republican nomination next year? Just 43 percent say they are satisfied; 40 percent dissatisfied.

But even worse for the GOP, President Obama defeats every one of the Republican contenders. The closest is Mitt Romney: 49 percent for Obama; 44 percent for Romney. Donald Trump is beaten 52 to 40; Sarah Palin 55 to 38.

So you can see that while the nation isn't thrilled with Mr. Obama's performance, there is no drive to the opposition party. However, there is no question the Democratic Party is in deep trouble.

According to the Bureau of Economic Analysis, for the first time since the Great Depression, American households are receiving more money from the feds than they are paying in taxes. That is a nanny state situation, something the Democrats champion.

Also, Standard & Poor's on Monday warned the United States that it could lose its AAA bond rating if the wild spending continues. If that AAA rating goes away, your dollars will be worth less and many people will not buy U.S. bonds, a disaster in the making.

So let me ask you something. How much more evidence do we need for Americans to understand that the country is in dire trouble? I mean, if you are a liberal American, you've got to wake up. Your dollars are in jeopardy, too.

On Tuesday, President Obama held a town hall meeting in northern Virginia and he's still banging the social justice drum:

(BEGIN VIDEO CLIP)

PRESIDENT OBAMA: I want to live in a society that's fair. Not just out of charitable reasons, but because it improves my life. If there are young people out there who are going to good schools and have opportunity, if I am not, you know, driving by and seeing homeless folks on the streets, why wouldn't I want to have a society where I knew that the American dream was available for everybody?

(END VIDEO CLIP)

Respectfully, Mr. President, it is impossible to have the American dream available for everybody. It can't happen. Stop chasing leprechauns.

Some people will not work for a living, will not go to school, will not obey the law. That is reality.

Responsible safety nets are needed, but the nanny state mentality is going to bring this country down unless we get rid of it.

And that's "The Memo."

Pinheads & Patriots

Conservative pundit George Will said this about Donald Trump:

(BEGIN VIDEO CLIP)

GEORGE WILL, CONSERVATIVE PUNDIT: He can make a shambles of the Republican debates. Just by being there, he can hurt the Republican Party. He is what's called a blatherskite. That was a word my grandmother was fond of. That's someone who blathers promiscuously. He's had an epiphany now. He's suddenly discovered, at whatever age he is, that he's pro-life.

(END VIDEO CLIP)

Ah, blatherskite. Mr. Will apparently watching the "Word of the Day" on "The Factor." You can't fool me with the grandmother stuff. We know.

The question: Is Will a pinhead or a patriot for his assessment of Mr. Trump? Please vote on BillOReilly.com.

Monday night we brought you Jerry Seinfeld on the upcoming royal wedding:

(BEGIN VIDEO CLIP)

JERRY SEINFELD, COMEDIAN: Let's pretend these are special people. OK, we'll all pretend that. That's what theater is. That's why the British have the greatest theater in the world. They love to dress up, and they love to play pretend. And that's what the royal family is. It's a huge game of pretend. These aren't special people.

(END VIDEO CLIP)

Well, 61 percent of you say Mr. Seinfeld is a pinhead for those comments; 39 percent believe he is a patriot.

— 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.