President Obama’s address to the joint session and the country last night was a three-act drama. The first third of the speech covered the economic mess, and was a well-constructed speech in itself. Here, Obama addressed the short-term problems America faces. The second act covered four initiatives: energy, health care, education, and debt reduction. These were the issues that President Obama identified as the most important long-term problems we must confront. And the final third, the weakest section, covered the rest of the world and everything else.