"Today we continue a never-ending journey, to bridge the meaning of [the words of the Declaration of Independence] with the realities of our time."

The words President Obama had just quoted, in his Inaugural Address, were: "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty, and the pursuit of Happiness."

More from the text of the speech:

For history tells us that while these truths may be self-evident, they have never been self-executing; that while freedom is a gift from God, it must be secured by His people here on Earth.  

God! God is well-represented in this speech. In addition to that "gift from God" (and "their Creator"), there's:

We are true to our creed when a little girl born into the bleakest poverty knows that she has the same chance to succeed as anybody else, because she is an American, she is free, and she is equal, not just in the eyes of God but also in our own....

We cannot cede to other nations the technology that will power new jobs and new industries – we must claim its promise.  That is how we will maintain our economic vitality and our national treasure – our forests and waterways; our croplands and snowcapped peaks.  That is how we will preserve our planet, commanded to our care by God....

My fellow Americans, the oath I have sworn before you today, like the one recited by others who serve in this Capitol, was an oath to God and country, not party or faction – and we must faithfully execute that pledge during the duration of our service....

Thank you, God Bless you, and may He forever bless these United States of America.

God is the source of our rights, God makes us stewards of the environment, public servants swear oaths to God, and the blessings of God are requested.

Obama also dealt with the question of federalism, the role of federal power. There are the things we do "together," he said, listing matters that call for uniform national policy: providing for "railroads and highways to speed travel and commerce," "schools and colleges to train our workers, regulation of the "free market... to ensure competition and fair play," "care for the vulnerable," and "protect[ion] ... from life’s worst hazards and misfortune."

But then he gives attention to some conservative ideas, "skepticism of central authority," rejection of "the fiction that all society’s ills can be cured through government alone," "celebration of initiative and enterprise," and "insistence on hard work and personal responsibility."

Turning back to the left, he asserts that "preserving our individual freedoms ultimately requires collective action." Collective action is needed "Now, more than ever," he says: "My fellow Americans, we are made for this moment, and we will seize it – so long as we seize it together." Made for this moment? That's an odd phrase, echoed later with "That is what this moment requires," which comes after vague references to "outworn programs, and the need to "harness new ideas and technology," to fix: 1. "our government," 2. "our tax code," and 3. "our schools." Nothing particularly "this moment" about any of that, so this "moment" theme fizzled. Maybe it was an incorporation by reference to his huge "This is the moment" speech from June 2008.

There's more to the speech — attention to the environment, national security, "our gay brothers and sisters," and so forth, and it finally comes back to the Declaration of Independence material. We need to "lift" our "voices... in defense of our most ancient values and enduring ideals" and "embrace... our lasting birthright... of freedom."