Having watched the speech all the way through, I'm struck most forcibly by the confidence and ease of Obama's delivery. More so than in the inaugural, he really seems in his element - there's far more variation in tone, from warm to stern to playful and passionate, and he moves seamlessly from grand public declarations to more personal remarks. This is a man who believes he can move mountains.
Alex Massie has an excellent review, and Sullivan has a good round-up. Halperin's bullet-points here.
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