White House Confident It Has the Votes to Pass Health Care

"What has to happen is both of these people have to knock it off -- and I mean the president and the Republican Party -- and they have to get in a room and they have to say, 'Look, here's the reform we need, here's how we're going to pay for it. And we can't do it all at once so we're going to do it over a 20-year period and we're going to present it to the folks in a united front,'" he said on "GMA." "Drop the politics, but that's not going to happen."

Bill O'Reilly Blasts Congressional Leadership

O'Reilly, who frequently takes aim at the Obama administration but has recently defended the president on some issues much to the ire of his followers, shot down any notion of running for public office, joking that if he were to do so, he would have to borrow money from the Chinese.

"I have more power doing what I'm doing than getting involved in the political process, plus you need to get money," he said.

O'Reilly, himself a popular personality on cable television, blasted the media for its portrayal of important issues.

"The media presents a distorted picture to Americans because they seize upon the loons on both the left and the right," he said.

As for Sarah Palin, the former GOP vice presidential pick who has gathered a strong following in her post-gubernatorial days, O'Reilly said she is likely considering a presidential run in 2012, but that she needs to go to "political college, world affairs college" to season herself.

At the same time, he took aim the congressional leadership.

"Yes, Sarah Palin needs a little bit more seasoning but don't tell me [Senate Majority Leader] Harry Reid or [House Minority Leader John] Boehner or [House Majority Leader] Nancy Pelosi are geniuses," O'Reilly said. "The country is a mess. If they were geniuses, we'd be better off."

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