In tonight's Talking Points Memo, Bill O'Reilly warned that the impending election isn't a slam dunk for Republicans.

A new Washington Post/ABC News poll finds that 68 percent think the country is on the wrong track. About 28 percent say the economy is getting better, while 31 percent say it’s worsening and 40 percent believe it’s staying the same. When asked to describe the economy, 1 percent said excellent, 26 percent said good, 44 percent described it as not so good, and 28 percent said it is poor.

While O’Reilly said these numbers should be a crusher for Democrats in the upcoming midterm election, he noted that 39 percent trust Democrats to do a better job with the nation’s problems, compared to 37 percent of Republicans.

O’Reilly said he believes Americans are largely confused, and he predicted a low turnout in the election.

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“There are two primary reasons for the confusion. First, apathy: we are living in a narcissistic time where individual pursuits override the collective good. And secondly:  poor education. As Watters' World proves every week, many American citizens are simply dumb, they don't know anything, and when you don't know anything, you'll buy anything – propaganda rules.”

O’Reilly warned that if America continues to elect incompetent people, there will be a disaster in this country.

He said so many problems are being ignored, yet people “continue to look away, addicted to the net, passionate about their own pleasure.”

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O’Reilly said American workers aren’t prospering because technology is eliminating jobs, and private companies are being taxed to a point that they’re not expanding. He noted that a record number of American households are receiving welfare.

We need prosperity in this country, not giveaways,” O’Reilly said.

“The Factor” host said Tuesday’s election will be telling.

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“Will the folks wise up? Don’t know,” he said.

Watch the memo above.