Rarely do cable TV hosts undercut their own embellished news segments with a bit of candor. But the curmudgeonly right-of-center commentator Bill O'Reilly did just that on the Factor last night in discussion with Fox analyst Juan Williams.

After riffing about the consequences of Michelle Obama's purportedly lavish expenditures during a Spanish getaway, O'Reilly conceded that the harsh media spotlight was the result of "Nothing else going on, it's August."

[Hat Tip: Mediaite]