I thought it was a very good address that Obama delivered, touching almost all the key points that have come to shape the "national debate" over the past 6 months. I liked the way he defined the debt, making it clear how much was his due to the Recovery Plan, and how much he inherited. I also liked the way he defined the Recovery Plan, noting how much it has helped America stave off what very easily could have been another Great Depression.
Sadly, much of what he said probably went unheard by the Conservative Right, as witnessed in the GOP response to Obama's address. It seems this is a party that simply refuses to acknowledge past mistakes, as it just keeps repeating the same old message. To hear the Republicans picking up on the national debt theme again would make me laugh if it wasn't for the sad fact that many fools out there will buy into it. Until the GOP acknowledges that its policies over the last 30 years contributed to the situation we currently find ourselves in, I don't see any point in entertaining them.
Obama calling for monthly meetings with the Democratic and Republican Congressional leaders isn't going to bridge the ideological divide, which he noted. The Democrats need to act on their sizable majority in Congress while they still have it.