Actually it might surprise some people here, but I think The President did a good job over all, with the exception of going back to blame Bush. Though I do understand the politics of it.
He made his decision, and he knows its going play badly with his base, so his speech writer throws Bush under the bus so it becomes more acceptable to his base: "I am cleaning up Bush's mess, I don't really want to do it, but I have no choice."
And he is damned if he does or if he doesn't. What he has chosen to do is the right thing, he knows this, but his base disagrees. While the Repubicans are going to jump on him for taking so much time, and not sending the initially requested 40K.
Yup, he's fucked. But I am glad he stood up and did what is right.