Here is the text of the President's speech.
What can you say ? As good journalist you need to first layout the facts and as a blogger you must give your opinion.
Obama discussed the changing economy and the effect of the changes on the middle class in the United States. He discussed the economic environment that everyone is now aware of. He reviewed the decline in manufacturing, the growth of the service economy, and flat wage growth.
He talked about the main policies that would help the middle class such as healthcare, expanded education opportunities and support for a secure retirement.
The presidents team has realized that the US economy is fundementally a middle class economy. However the middle class has long been disinterested in the US political economy. For the last 30 years, the US middle class had enough material comforts and distractions to not worry about larger issues. Now, people are faced with a declining living standard not just for their children but themselves. They are ready to listen.
Obama, is trying to use the opportunity to discuss sound economic and political values that will steer the country for the next 30 years. Some of the principles such as caring for the unemployed, poor, sick or elderly did not connect with an selfish public until enough of them faced a similar situation. Not they are ready to listen.
It's just hard work discussing a compliated, long-term topic with the American People.