The nexus of the speech can be summed up in one particular quote, by the President:
"Everything I've said here really won't matter very much tonight" (Paraphrased)
Indeed, that pretty much is the rudely attractive bow tie, on the entire address.
Some of it sounded good, some of it sounded unabashedly Progressive, but virtually all of it seemed focused on the nexus of --"We're from the government, and we're here to help"--which few want to hear and even fewer wish to participate in.
Instead of getting government out of the way, the President seems to be wanting to make government an integral part of virtually every single detail in American life, and this is where Obama repeatedly fails.
Obama wants to instate more gun control, he wants to reduce the nuclear arsenal, he wants to raise the minimum wage, he wants to get banks to lend more, all of this even when it's his draconian regulatory atmosphere which has caused lending to decrease remarkably, in the first place.
All in all, everything the President stated seemed underlined by our experiences of him, during the prior four years and in actual practice, to date.
Which is why the Bing poll being conducted in real time stayed well into negative territory during the entirety of Obama's speech, among both Democrats and Republicans.
Expect nothing but more of the same, from El Presidente', and you won't be disappointed.