I won't go into the economics, which I cover professionally. Nonetheless, after a few days I feel that politically the speech was brilliant; it threw the gauntlet to Republicans: "Come on, be obstructionist and make my day." They have to pass Obama's bill or get blamed for a double dip.
The numbers, which the White House took its sweet time to release (a clever idea: don't let the opposition nickel and dime you to death before you negotiate), look good in the aggregate. I still want to see details.
This demonstrates to me that Obama's political genius is still there. The Saturday previous to the speech, on the very humorous NPR radio program "Wait, Wait, Don't Tell Me" one guest predicted we would all learn from Obama's jobs speech how he is planning to hold onto his own.
My guess is that he still has a few rabbits in that hat.