I didn't watch it - it was just too tempting to have elective root canal surgery instead. Or at least I would have rated that about on a par with watching the speech.
That said, but having read about the speech, just a couple of fairly obvious comments. First, while I certainly dislike earmarks, the hypocrisy here is truly hilarious in its blatancy, when you consider his approach to them during the six years when the Republicans controlled Congress. It's not like he's trying hard to pretend it is anything but a partisan game to him.
Second, for all the childish bluster about vetoing any tax increase that crosses his desk, what exactly does he think he is doing, other than raising future taxes, whenever he procures new unfunded spending?