In tonight's Talking Points Memo, Bill O'Reilly sounded off on last night's State of the Union address. 

"The Factor" host said that "it is clear the president does not want to confront Islamic terrorism in a major way," since he "only devoted two minutes to it last night."

"The president once again talking about terrorists, not Islamic terrorists," O'Reilly stated. "He refuses to define the issue that way. Also, ISIS is firmly entrenched in Syria and Iraq and expanding in other places. They are murdering people daily."

O'Reilly added that he doesn't think we are winning the war on terror.

"Again, the Obama administration has no strategy to defeat the jihad," O'Reilly said. "Simply reacts to whatever the terrorists do and laments. Mark my words, this is a dangerous strategy and it's only a matter of time until we get hit."

He also discussed Obama announcing that he wants to enforce higher taxes on businesses and the affluent.

"The president's 'entitlement jihad' cannot replace upward mobility created by private sector jobs."

Watch the video above to hear more.