I've got a hold of a full copy of the text. Here are a few excerpts. ***
"This country is more decent than one where a woman in Ohio, on the brink of retirement, finds herself one illness away from disaster after a lifetime of hard work."
Aren't we all one illness away from disaster, regardless of age, financial security, and any other outside factors?
"We are more compassionate than a government that lets veterans sleep on our streets and families slide into poverty; that sits on its hands while a major American city drowns before our eyes."
Obama is operating under the false assumption that it is the government's responsibility to monitor and protect citizens financial situations, and never questions the reasons why people slide into poverty, nor does he ask them to take any responsibility in the situation.
"It's a promise that says the market should reward drive and innovation and generate growth, but that businesses should live up to their responsibilities to create American jobs, look out for American workers, and play by the rules of the road."
Obama fundamentally doesn't understand the way businesses work. He just assumes that they are all run by deceivers.
"Now, many of these plans will cost money, which is why I've laid out how I'll pay for every dime – by closing corporate loopholes and tax havens that don't help America grow. But I will also go through the federal budget, line by line, eliminating programs that no longer work and making the ones we do need work better and cost less – because we cannot meet twenty-first century challenges with a twentieth century bureaucracy."
Obama's own advisers have already said that he can't pull this off without raising taxes on the middle class - something he's pledged not to do.
"The men and women who serve in our battlefields may be Democrats and Republicans and Independents, but they have fought together and bled together and some died together under the same proud flag. They have not served a Red America or a Blue America – they have served the United States of America.
So I've got news for you, John McCain. We all put our country first."
First part is nice, but just recycles what he said four years ago. The second is whiny and defensive, something that a high school student would say if he was trying to get testy with a rival - if this were the 1950s.
Does not mention MLK by name, but CLOSES HIS SPEECH WITH HIS WORDS! "We cannot walk alone [...] And as we walk, we must make the pledge that we shall always march ahead. We cannot turn back."
He'll deliver it well, and the media will eat it up. He's more negative than I thought. He plays the class warfare card repeatedly. And there is no memorable line, no one things that sums up the speech. There is no "New Frontier," no "Rendezvous with Destiny," nothing. The content of this speech will be forgotten by Monday.