President Obama is expected to talk about jobs, defense, energy, immigration, gun control and...

|By:, SA News Editor

President Obama is expected to talk about jobs, defense, energy, immigration, gun control and the housing recovery in his State of the Union speech tonight, although the focus for the markets will be on the automatic spending cuts on March 1. If the president "grandstands about the size of government and taxes," the reception will be poor, says strategist Larry McDonald. If Obama extends a meaningful olive branch, "that's going to be good."