we will see all of you premium members on the post-game show. i am bill o'reilly. we do see you next time. remember, the spin stops here, because we are definitely looking out for you. sean: just a short time ago, president obama faced off with reporters in his fourth primetime meeting during his presidency, and the president appeared to be living in his own fantasy world. listen to this. >> now, six months ago, i took office amidst the worst recession in history. we were losing on average 700,000 jobs per month, and our financial system was on the verge of collapse. as a result of the actions we took in those first weeks, we have been able to pull our economy back from the brink. sean: all right, "back from the brink." what exactly has he saved us from? unemployment, ladies and gentlemen, is at the highest

level in decades, and as americans continue to make sacrifices, president obama spent his time on national television tonight taking a victory lap for a stimulus plan and has failed to produce results, for families all across this country, and now, he wants to spend more than $1 trillion for health care. unfortunately for the president, his plan is now in serious jeopardy. not only is he losing the support of the american people, he is also losing support from his own party. labeling republicans as a "obstructionists, -- as "obstructionists," he has no one to blame but his own party. michael steele joins us. >> i am still trying to figure out what we had a press conference, because like the judge sotomayor hearings, i did not learn anything new. i guess now i have been told by

our president that we have an insurance crisis, and there will be insurance reform. i thought this was about health care and costs as the bottom line. i did not understand what tonight was about, sean. it certainly did not improve the dialogue or give the american people about the direction we are going in, and it goes back to what i said at the national press club. the democrats have a plan to take this country in a direction. they do not want to tell us the full story about the cost or what the access to health care will be, what we will be in for during -- under this plan, and i think this was, quite honestly, a waste of time. sean: i am trying to be as respectful to the president of the united states that i can, but he was incoherent. for example, we do not find out what is in the plant, who pays for the plan, and he did, in fact, blame republicans -- we did not find out what is in the plan.

>> that is the thing, sean. look at what these guys are saying and doing, not what we are saying and doing. you have almost a two-one majority. the democrats control almost the entire power structure of the federal government. if you want health care, get the votes. do it. i mean, republicans cannot block the bill. the republicans cannot even filibuster in the senate. stop the bleeding and the finger-pointing and then talk about how you are trying to be bipartisan and we are not. republicans have been putting suggestions on the table dealing with tort reform, trying to give you access abilities and you can go out and get the best insurance plan for you and your family -- trying to give you the best accessibility. now, the blue dogs are in a little bit of a funky place yhre. -- here.

as you have been saying, when you peal this back, people do not like what they see -- when you peel this back. are you going to capitulate to nancy pelosi and the president? sean: from the very opening comments from the president, we are back to this lose jobs or state jobs mentality. there is a reality here. he said -- and lose jobs or save jobs mentality. he has accumulated more debt than any president who has served before him, but he says it has already created or saved a new jobs and generate billions in tax relief. all this has done is losing 3.5 million jobs since the beginning of the year. where are these saved jobs?

>> the rhetoric has come out of the administration to make them appear which is where they -- i do not understand how you do that calculation. the reality of it is, as you said, we have lost over 3 million jobs. unemployment is setting at almost -- sitting at almost 10%. there is the health-care economy of our country. there is no clear direction and, tonight, no clear explanation about what this means to my family, to moms and dads out there across the country. sean: it is interesting you say that, because the president brought that out. people are wondering "how does this benefit me?" why did it reminded of jfk saying, "ask not what your country can do for you but what you can do for your country"? the antithesis. did that strike you as odd?

>> i agree. there is a sense of, you know, jfk was talking about people sacrificing for the country, for the greatness of all of us. here, the sacrifice is going to be made on behalf of the government and for the government, and that is a very different story to tell, and i think right now the light is really becoming a lot clearer on this thing, and our hope over the next couple of weeks is that we continue to open up this debate and do it in real terms about what it will cost us, the trillions of dollars, and not the $600 billion everyone likes to throw around, but the trillions of dollars this is going to cost me and my kids and their kids, as well. sean: he seemed to be back in campaign mode. he was with the teleprompter and only took 11 questions in one hour. he gave a long, meandering answers being one of the things that struck me, michael, and

you called this the great experiment in your speech the other day, but the president admitted that he had not read the bill. which is now becoming commonplace. how important is it for the president to actually read it before talking about it? >> well, sean, you should at least have a baseline idea of what you're asking the american people, and when asked by reporters if he would commit to having your wife and your children having the same health care system that you are asking the american people to commit to, and the answer is obfuscation and not a direct yes, it gives me pause, that there is more to this than meets the eye, and if there is not enough there for the president and the first family, that is certainly not good enough for my family. -- then it is certainly not good enough for my family. sean: so a whole bunch of people out there have security, and i already have security, and that

is part of being in the community. well, there was someone that said "to each according to their ability." 39 states will have over 50% of their income going to taxes, so my question is, is this socialism? is this socialized medicine when he is now proposing if you can get to the bottom of what he is proposing? >> if you can get to the bottom -- in absolute terms, yes. it is the government taking over the means of health care in this country, how it is provided, who gets it, how much of it they get, how much they pay for it, and what the ultimate consequences are. the other day, i did a show in which the reporter was talking about and complaining that i was concerned his 85-year-old grandmother who may actually need a hip replacement would get it, well, under this plan, she would not, and that is what a

lot of americans are beginning to understand, that there is going to be a government bureaucrat sitting there and saying, "you know what? you are too old." that is what has not been laid out very clearly for the american people, and i think what it does, more and more people are beginning to say, " no, i do not want the government to control the relationship between me and my doctor and our family and our health care." sean: all right, michael steele, thank you. >> thank you. sean: ed rendell is here, and we have reaction to the president's address. also, michelle obama is linked to a scheme from the south side of chicago. our own ainsley earhardt has more. and we have a detailed look inside the obama health care plan tomorrow night, a special edition of this program, at its regular time, and 9:00 p.m. eastern, edit it is -- and

>> they believe one of osama bin laden's sons was killed in a air strike. they suspect that he was killed earlier this year by missiles fired from an american predator. it apparently haven't summer in pakistan. the u.s. counterterrorism officials say the body has not been recovered. there is a 85% chance this report is true. he had no known ties to al qaeda. he had been living in pakistan since last year. they think the son of osama bin

laden was killed earlier this year in an air strike over pakistan. and another breaking story out of houston. several people have been shot out of texas southern university. six people were shot. it happened near an outdoor rally where a local rapper was appearing. a car drove past the debt. some say it opened fire on the crowd. -- a car drove past the crowd. some say it opened fire on the crowd. sean: hilary clinton made quite the fashion statement when she arrived in bangkok. it looked to me like she may have been showing some solidarity with the remaining detainees at guantanamo bay, although that looks like some upscale gtmo gear. millions of men 45 and older...

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sean: and this is a fox news alert. now, we are following a developing story tonight. it is believed that one of the sons of osama bin laden has been killed by a u.s. missile strike in pakistan. saad bin laden is believed to be loosely affiliated with al qaeda after moving to pakistan in the

last year. officials say it is tough to be completely certain without a dna test on the body, but they say it is about 80% certain that the younger bin laden was killed in a missile strike sometime this year. stay tuned to the fox news channel, and we will have more details on this breaking story. >> we heard one republican strategist telling his party that even though they might be willing to compromise, it is better to go for the kill. another said that defeating health-care reform is about breaking me. i have been a little frustrated by some of the misinformation that has been coming out of the republicans. sean: now, that was president obama addressing the white house press corps, but it may be me, but it seems that he was blaming republicans. governor ed rendell joins us. always good to see you. >> nice to see you, sean. sean: help me out here.

let me see. they have a filibuster-proof senate, nancy pelosi has a strong control of the house,