I watched the speech and tried to imagine how it would be received by (a) someone out of work, and (b) someone who owned a home.
For the out of work person, there wasn't much to get excited about.
For the homeowner, there was the sense that Obama (and the Fed) helped to keep house prices from cratering. They are down, but not nearly as much as the stress test - and especially the "adverse condition" scenario - trajectories. See this chart at Calculated Risk
Overall, it sounded like a technocratic speech. Wasn't a "game changer", to use the contemporary lexicon.
I don't care about speeches anymore. Obama and the Senate just need to do the job people sick of neocon shenanigans voted them in to do. PERIOD.
Well, see, there's your mistake. If you haven't lost your job or your home, it's a little hard for you to IMAGINE what that feels like. How the hell would you know? When it happens to you, maybe you'll see things differently.