I watched Obama's speech and he spoke well - but he did not inspire confidence.
I watched the speech on CNBC and as Obama was speaking the stock indexes were sinking.
Why was that?
Because the problems facing Obama are so numerous and intractable that not even Obama with his clear thinking and speaking and first-rate staff will be able to solve them.
The Republicans have messed up the country so badly that it may not be possible to repair the damage.