Bloomberg's Finest Hour

Fallows' judgment:

Apart from the lofty sentiments, I love the plain "That's life" -- part of the thick-skinned, no-nonsense realism that Americans like to think exemplifies our culture, but doesn't always. Nothing is more admirable about this country in the rest of the world's eyes than the big-shouldered unflappable confidence demonstrated in that speech. Nothing is more contemptible than the touchy, nervous, intolerant defensiveness we sometimes show.