The first half of his address spiraled obsessively around the specter of global terrorism. He then took solace in the favorite neoconservative theme of the advance of democracy, which he saw culminating in the “color revolutions” of Ukraine and Georgia. But that was back in 2003/2004. The devastating financial crisis raging just a short walk away on Wall Street merited only two brief paragraphs at the end of the president’s speech.
