I liked Obama's speech. I felt the truth behind the delivery. But it was very different than the one he gave in 2008. I think Hertzberg has it right when he says it is sobering. That inspiring optimism which captivated so many Americans four years ago seems to be a bit more subdued, or grounded in reality. But this isn't necessarily a bad thing.
http://www.newyorker.com/online/blogs/hendrikhertzberg/2012/09/obamas-speech.html
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