Economy: He will take credit for anything and everything and forget to mention that the last 5 years have been the worst 5-year period since the Great Depression. He will announce more of the same kind of policies that brought us to this situation. More funding for unproductive “green” projects, more handouts to favored corporations, higher taxes (punishment) on those who work and more giveaways (rewards) to those that don't.
The policies of President Obama are driving companies to make large layoffs, reducing working hours, slashing benefits and raise their prices. The result is a more sluggish economy that actually shrank in the last quarter of 2012 (even by the massaged official numbers).
Guns: The bogeyman of the moment because of the media attention after the Newtown massacre, where they refused to focus on the killers' mental state and his liberal ideals. The President will also not mention the recent police shootings on innocent people. Instead he will talk about accidental shootings while ignoring the much more common occurrences of armed self-defense that stopped a crime before it happened.
On this issue the President could hail the support of ex-cop Chris Dorner who is the object of an intensive manhunt in California after killing 3 people, including a cop and the daughter/fiance of another cop and Jerome McCorry, a convicted rapist who now heads protests against civilian ownership of guns. They are bad for his beloved hobby, I suppose. I have a feeling he won't highlight their support of his policies.
Foreign Affairs: This, if it is mentioned at all, might be a very short segment. The successes of this administration in the international arena are close to nil. Meanwhile terrorists are winning all over the planet, from Libya-where 4 Americans, including the US Ambassador, were murdered. Also China is feeling its oats as it rattles its sabers and stocks up on food supplies as if they might actually wage a real conflict with Japan over the Senkaku Islands.
Meanwhile the US military is cutting back on power projection in the middle east and bending over backward not to offend China. North Korea lobbed something into orbit, meaning it could possibly send nuclear weapons into space soon. No one really expects this administration to take these events seriously. They do however, want to send dozens of fighter jets and 200 advanced tanks to the radical Hamas-controlled government of Egypt.
Whatever he talks about the fact is clear, this country and our situation with respect to the rest of the world is worse off. His policies are making them worse. He is not going to change his policies, instead he will offer up more of the same.