Fact check: Does anyone know how much of the President’s speech is factual, wishful thinking or just plain BS?

I am not an Obama hater, I voted for the guy even when I am not a GOP or a Democrat. Based off his speech is Al Qaeda really on the ropes like that? We have heard that before. Could these documents claiming that they can’t replace leadership have been a plant for just such an occurrence? Are things really that much better in Iraq? Will there actually be an earnest effort at nation building here, though we should have never needed it in the 1st place?