White House promising "Reaganesque" speech tonight. What could go wrong?

“The president believes very clearly that we have to be honest with the American people about where we are,” White House Press Secretary Robert Gibbs said on MSNBC’s “Morning Joe.”

“He will,” Gibbs said, “tell the country that we’ve faced … greater challenges than the ones we face now, but we as Americans always meet those challenges. But in the Reaganesque words, there are always better days ahead.”

It was a full-on rollout, befitting a State-of-the-Union-style speech to Congress, at a moment of economic peril for the nation.