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Members of the joint chiefs of staff, members of the united states supreme court, and of course the senators and the representatives, the new republican majority in the house of representatives, and the still democratic majority, albeit a smaller one in the united states senate. this is an important speech for the president. he'll speak for probably around an hour. almost all of it will deal with domestic issues -- jobs, jobs, jobs, the u.s. economy. he will talk on some foreign policy issues like afghanistan, north korea, iran. but most of the speech will deal with the bread and butter issues...

And that's part of the president's goal tonight, wolf. he will say i'm the reasonable guy in the middle. the left doesn't like everything, nor does the right. >> all right, john, stand by. let's go to white house, our senior correspondent ed henry. he is getting excerpts of what the president say. i know they have worked really hard, the president's speech writers, his top aides. the president of the united states has personally been involved in crafting what is probably going to be a nearly one-hour speech. >> he is, wolf. top aides say this is a president who kicks back a lot of drafts, puts...

Duck session, can this president negotiate not just position himself with the american people, but negotiate with this new republican. >> can he make the connection for the american people between all of this and their jobs and the fact that unemployment remains above 9%. you know, he's got a sore in this speech. it's the state of the union. he's got to appeal to the good in all of us and say yes, we're all about the future. but on the other hand there are a lot of people sitting out there out of work. and they have to believe after hearing this speech that the president is talking about a way...

>> well, there was a feeling that the president attacked the court. and he did. he attacked one of their decisions. you remember sam alito was a guy who shook his head. and that brought on a sharp exchange. there was some talk about the court not even coming this year. i'm glad they're there. it's a good tradition. >> you can criticize congress and the government but not the 30 branch of government. >> they don't respond during the speech. so at least the republicans and democrats can respond. and the court just sit there's on its hands by and large. >> exactly. >> but they don't have to come....

Coming from china and india and other countries. america's got to do business with these countries. america has to create jobs in this country to export to those countries. and reinvent the wheel of its business economy. and i think he is right. i think it's a good speech. it's an inspirational speech. i think the sputnik analogy is a good one. because when that happened, america was left behind. and there is a real danger at the moment of it being left behind by china. and the answer is to get into china. look at general motors. they are a lot of cars in china. other american businesses have ...