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Hillary Clinton is losing credibility in the 2016 race by masquerading as a far-left candidate, Bill O'Reilly said in his Talking Points Memo tonight.

He explained that Clinton is portraying herself as a "progressive Democrat" so that Bernie Sanders will not embarrass her in Iowa and New Hampshire.

"She is not a socialist," O'Reilly stated. "Everybody knows the Clintons live very well, with two lavish homes, private jet flights and an enormous income stream. Speeches and the Clinton Foundation afford Bill and Hillary an affluent lifestyle, which they embrace."

O'Reilly said that Sanders, on the other hand, is a hardcore socialist who actually walks the walk.

"The Factor" host added that socialism doesn't work, so, unfortunately for Sanders, his "walk is lame."

"Hillary Clinton is a lock for the Democrat nomination, and now she says she's a 'progressive Democrat,'" O'Reilly said. "But she's not."

O'Reilly noted that a staggering number of American households are living paycheck-to-paycheck and "nobody knows" how Hillary Clinton would get the economy going again. 

Watch the full Talking Points Memo above.

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