"The way he sees it might not be the way you see it," Bill O'Reilly said of President Obama's reflection on his 8-year term.

O'Reilly said Obama has given hope to many minorities who see him as a person who had few advantages early in life, but grew up to be the most powerful man in the world.

Obama, he said, has not improved the economic or social situation for many minority Americans.

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"His vision that all Americans should have access to quality healthcare is good," O'Reilly said, adding, however, that the Affordable Care Act created a "steep burden" on many American families.

"[Obama] has not improved the economy to any significant extent," O'Reilly said.

He said Obama's decision to bail-out American automakers was the right one, noting that much of that money has since been paid back to the government, but criticized the president's decision to pull American troops out of Iraq.

O'Reilly said his critique of the president had nothing to do with ideology and all to do with performance.

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