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O'Reilly knew that Perry's campaign took those remarks out of context. The President was referring to the U.S. being lazy inre: bringing in foreign investment to create jobs for the middle & low income Americans. The Repubs in the Primary are like fat ladies in a malt shop, grasping at straws. 
Bill O’Reilly Calls Out Rick Perry For ‘Lazy’ Ad: ‘Was That A Fair Ad?’ | Mediaite

Bill O’Reilly Calls Out Rick Perry For ‘Lazy’ Ad: ‘Was That A Fair Ad?’ | Mediaite
Was he really talking about the folks? OReilly asked and played the presidents quote in full context.
So he really wasnt talking about the folks, he was talking about getting investment to come to the USA, OReilly concluded, demolishing the entire premise of the ad.