Will Obama Underwhelm?

Josh Barro has low expectations  for Obama's speech:

I hope to see Obama differentiate himself by calling for bold moves to raise inflation expectations and unshackle underwater homeowners, as either of these policies would do a lot to create jobs and get the economy moving again. But I don’t think that’s likely. The fact that he’s leading his preview with manufacturing initiatives suggests to me we won’t be hearing much that’s useful in tonight’s speech.