That, I think, is what the-18 minute speech came down to. Are we in a difficult moment? Yes, it is a time of "gathering clouds and raging storms." There is "a nagging fear that America's decline is inevitable, and that the next generation must lower its sights." We face great challenges, but "know this, America—they will be met." How? We will meet them by being who we are. Our success depends on the American "values" of "hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism." He said, "These things are old. These things are true." Like those who've long fought in our armed forces, Americans have shown "a willingness to find meaning in something greater than themselves."

It was a moderate speech both in tone and content, a serious and solid speech. The young Democrat often used language with which traditional Republicans would be thoroughly at home: The American story has never been one of "shortcuts or settling for less," the journey "has not been . . . for the fainthearted—for those who prefer leisure over work, or seek only the pleasure of riches and fame. Rather, it has been the risk-takers, the doers, the makers of things" who have created the best of our enduring history.

I don't know what the networks will use as the sound bite, that rather ugly word, now some 35 years old, that speaks of the short piece of audio- or videotape they will use to show the highlight of the speech, or capture its essence. This is not all bad. When a speech is so calm and cool that you have to read it to absorb it fully, the speech just may get read.

This was not the sound of candidate Barack Obama but President Obama, not the sound of the man who appealed to the left wing of his party but one attempting to appeal to the center of the nation. It was not a joyous, audacious document, not a call to arms, but a reasoned statement by a Young Sobersides.

Peggy Noonan