I've watched the first third of Obama's speech and read about twenty articles about it. It's not easy to remember another speech that has generated so much disagreement while still inspiring general respect for the speaker. There seems to be great agreement that Obama, in giving the speech, took some risks uncharacteristic of American politicians.
It's not over for Obama, of course. A prediction: Discussion will come to a head over Obama's apparent equation of Ferraro's unfair(?) comments about the role of race in Obama's rise with Wright's apparent disdain for America. Here's the passage in question:
On one end of the spectrum, we've heard the implication that my candidacy is somehow an exercise in affirmative action, that it's based solely on the desire of wide-eyed liberals to purchase racial reconciliation on the cheap. On the other end, we've heard my former pastor, Rev. Jeremiah Wright, use incendiary language to express views that have the potential not only to widen the racial divide, but views that denigrate both the greatness and the goodness of our nation — that rightly offend white and black alike.