Clinton found a new way to juggle the numbers so things were worse under Republicans.
So if you think back to Reagan and Bush and remember good times, you are crazy. Clinton found proof that you were actually doing bad. You didnt have a job and a home and 2 TVs, your life sucked. And if you remember being miserable under Carter and Obama you are also crazy. Times were and are good.
What President Clinton was avoiding for his whole speech was that Obama isnt him. Clinton worked with Republicans to pass welfare reform. He worked for bi-partisan support of NAFTA. He embraced business. There were a lot of things wrong with Clinton, but compared to the current Euro-Socialist he looks a lot better.
Obama wants to make sure everyone can get welfare without working, wants to make sure that the Western world is punished for success and wants to make sure that every business in America is doing things "His Way".