Here is Paul Ryan's canned reply to today's speech, it's only 4 paragraphs:
PAUL RYAN: PRESIDENT FAILING OUR GENERATION’S DEFINING CHALLENGE
In response to House GOP budget, President Obama distorts and divides in order to distract
April 3, 2012
<..> “History will not be kind to a President who, when it came time to confront our generation’s defining challenge, chose to duck and run. The President refuses to take responsibility for the economy and refuses to offer a credible plan to address the most predictable economic crisis in our history. Instead, he has chosen tired and cynical political attacks as he focuses on his own re-election.
<..> “Like his reckless budgets, today’s speech by President Obama is as revealing as it is disappointing: While others lead by offering real solutions, he has chosen to distort the truth and divide Americans in order to distract from his failed record. His empty promises are quickly becoming broken promises – and the American people will hold him accountable for this violation of their trust.”
Obviously Ryan has missed the growing economy, which the Obama administration takes responsibility for helping along.