In his Talking Points Memo tonight, Bill O'Reilly said he believes that Vice President Joe Biden will enter the 2016 race, which will bring high drama to the presidential contest.

O'Reilly pointed out that Biden has been meeting with President Obama, Democratic donors, advisors and party leaders, such as Elizabeth Warren.

"Talking Points believes he will be in the race," O'Reilly stated. "That being said, once he does commit, he will be hammered. And there's plenty of ammunition."

"The Factor" host noted Biden's many gaffes and the Obama administration's disastrous Iraq policy.

O'Reilly said that any criminal charges against embattled Democratic front-runner Hillary Clinton, however, will knock her out of the race, and Biden knows it.

"We have high drama. And the presidential contest is just getting started."

Watch the full Talking Points Memo above.

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