Very interesting speech
The only significant negative I would give the speech was his dismissal of American liberals opposition to the Bush administration's Social Security privatization plans:
Even the left has been reluctant to renege on the privatization of pensions--which has occurred in eleven Latin American countries to date--whereas the more backward left in the United States opposes the privatization of Social Security.The American media has done a poor job of explaining the fact that liberals (i.e. Democrats), are not opposed to Social Security privatization generally, but rather Bush's specific proposals. Bush has done nothing if not prove that his administration is incompetent, or even malignant to the US budget and economy. Everything from tax proposals, the Medicare Drug program, trade policy and budget policies this administration has yet to have a single success on the economic front. Nothing in the existing Social Secuirity proposals looks to challenge that legacy.