Is This a Soft Launch of the President's Reelection Campaign?

This is his biggest chance this year to talk about what his administration has done and also themes going forward. With Republicans now charged the house, inherently tonight's speech is going to be a little bit backwards looking. How does the president thread that needle? We went through this with Obama campaign exactly right. What he's got to do is first set the stage and talk about what he did, why people's lives are better. And then look at some of the things that haven't gotten done that are incredibly popular,. He can and must do both.