Of course one of the items pundits were looking for in this speech was whether he would praise his predecessor George Bush, for committing to a surge of troop strength in 2007 - of which he was vehemently opposed to as a Senator back then. Meaning that he is now trying to take credit for something he opposed. To his slight credit he did actually mention Bush - but he never really gave him credit (unfortunately even at a moment of purported triumph this is a man who cannot admit when he was wrong). Stay classy San Diego.
But he seriously lost me when he decided to make a major point in saying that "the seven year war cost $1 trillion" and how that "stretched our resources" such that it led to "record deficits". Then his speech wove into a blend of green jobs, putting people to work blah blah blah. And this is where he is just being intellectually dishonest - as he often is (whether he really means it or not). I frankly think he is just so above it he is oblivious.
Look, Barry. What you don't understand was one could construe the war, in itself, to be a stimulus. One could argue (as they did for World War II) that we put many people to work, supported many businesses - to the tune of $1 trillion - and in the end felled a dictator, took steps to try to develop a better country and maybe an outpost for some type of democracy in the Middle East, and established an active ally for US interests (and by the way - no one stole any oil as far as I can tell). And as you can see from the graph it didn't primarily add to the deficit (other government spending did -most of it Mr. Obama's).
Meanwhile Barry, what have you done? You spent that same $1 trillion on your ill-conceived stimulus in January 2009 that promised us great economic growth (and remember, we had to pass it "right now" - it had to be done immediately or the economy was going to crumble....), unemployment rates to not exceed 8% and now we are at 9.5% - and counting. You spent that $1 trillion on the Democrats wish list of every pet project and giving checks (not tax breaks) - actual checks to people who don't even pay taxes. What a plan! Give him a Nobel.
Do the math. Oh yeah, here's the calculator.