Good:
And we'll make it easier for Americans to afford a college education, by increasing the size of Pell Grants.
(Strange wording - increase the size, not the number??)
And when their recommendations are delivered, you and I will work together to give this nation a tax code that is pro-growth, easy to understand, and fair to all.
(believe it when I see it)

Soon I will send to Congress a proposal to fund special training for defense counsel in capital cases, because people on trial for their lives must have competent lawyers by their side.
(Yay.)

In the long-term, the peace we seek will only be achieved by eliminating the conditions that feed radicalism and ideologies of murder. If whole regions of the world remain in despair and grow in hatred, they will be the recruiting grounds for terror, and that terror will stalk America and other free nations for decades.
(Ya know, if Clinton had said that he'd be ridiculed as a touchy-feely liberal)

To promote this democracy, I will ask Congress for $350 million to support Palestinian political, economic, and security reforms. The goal of two democratic states, Israel and Palestine, living side by side in peace, is within reach -- and America will help them achieve that goal.
(Yay. Was it at this that Biden appeared to mutter "about time"?)

The government of Saudi Arabia can demonstrate its leadership in the region by expanding the role of its people in determining their future. And the great and proud nation of Egypt, which showed the way toward peace in the Middle East, can now show the way toward democracy in the Middle East.
(Best bleedin part, could have said more though)

Not bad:
I will send you a budget that holds the growth of discretionary spending below inflation, makes tax relief permanent, and stays on track to cut the deficit in half by 2009.

Bad:
protect honest job-creators from junk lawsuits. Justice is distorted, and our economy is held back by irresponsible class-actions and frivolous asbestos claims
(This would be good if he meant it as he said it, but I know what he meant - ditto medical reform)

Four years of debate is enough: I urge Congress to pass legislation that makes America more secure and less dependent on foreign energy.
(and despite coming in with an "energy crisis" and despite no progress in energy reform at all, this last line boils down to ANWR)

We should all be able to agree on some clear standards. I will work with Congress to ensure that human embryos are not created for experimentation or grown for body parts, and that human life is never bought and sold as a commodity.
(That's not what stem-cell research is bout, but it makes it sound so much scarier........)

Lies:

My Clear Skies legislation will cut power plant pollution and improve the health of our citizens.
(Oh no it wont)

(On SS) By the year 2042, the entire system would be exhausted and bankrupt.
(Complete tripe)

Your money will grow, over time, at a greater rate than anything the current system can deliver
(not a lie as such, but he would be prosecuted if he tried this in an financial planning commercial.......)