Watch on the White House Web site here.

Read the Transcript here

Victor Davis Hanson at NRO has a great rebuttal here.

“Cap and trade, statist health care, and an end to “don’t ask, don’t tell” for thee.

And for thou, Obama the tax cutter, Obama the gas-and-oil driller, Obama the budget freezer, Obama the anti-lobbyist reformer, Obama the bipartisan healer?

This half-hearted pivoting was quite transparent: Obama made these about-faces without acknowledging that the Obama of 2010 is now and then rejecting the Obama of 2009, much less that the partisanship and bickering of the past year stemmed largely from the hubris of having both houses of Congress and an obsequious press. Instead, Obama seemed miffed that after Scott Brown’s victory he had to offer half-hearted sops.

After Obama spent 2009 ignoring jobs in order to focus on health care, he tells us that 2010 will be the year of jobs. So after a year of promiscuously talking about higher income, payroll, health-care, and inheritance taxes on “them,” Obama suddenly believes that small business is the engine of growth, and will therefore get new tax cuts and credits.

Likewise, after ignoring or negating his campaign promises about coal, gas, and nuclear power in his first year, suddenly Obama announces that we’re going to develop them!

Same with federal spending freezes. Same with ethics reform — the first general-election presidential candidate to refuse public campaign financing now deplores the weakening of McCain-Feingold….

…All in all, this was a nonchalant performance that ran for well over an hour. The president’s above-it-all cynicism, mocking, and dry humor didn’t work. The whole thing reminded me of a flat grad-school seminar with a snickering prof talking down to clueless students”

If only…  (from the Onion News)

“Emanuel wasn’t the only one to notice a change in Obama.

“One night after work—I think it was a meeting with the Joint Chiefs—he came home late and just sat on the edge of our bed shaking his head for 20 minutes,” Michelle Obama said. “I was pretending to be asleep, so I don’t think he knew I was watching, but at one point, poor Barack, he just started whimpering.”

While the first lady remained confident of her husband’s return, citing Obama’s tendency to take long walks, Vice President Biden said he saw something in Obama’s eyes that told him otherwise.

“He’s gone,” Biden said. “He’s gone, and he ain’t never coming back.”

And finally, at the Peoples Cube:

Why is Obama So Afraid to Reveal He is a Communist?