After apologizing if he or his staff seem bleary-eyed from last night, Barack Obama salutes Hillary for “the outstanding race that she has run… she is a true friend of Israel, a great senator from New York and an extraordinary leader of Democratic party and she has made history these past 16 months and I am proud to have competed against her.”

(Note the past tense. Subtext: it’s over, Hillary.)

He says, “I understand some of you have been receiving provocative e-mails that include some ‘tall tales’… All I want to say is, let me know if you see this guy named ‘Barack Obama,’ because he sounds pretty scary.” [It’s a joke, obviously, but I don’t hear much laughter.]He pledges that today he’ll be speaking from his heart… “I know that when I visit AIPAC, I am among friends. Good friends.”

He notes his great-uncle being the first to reach a concentration camp, correcting the anecdote from Memorial Day.

UPDATE: Obama’s giving a solid enough pro-Israel speech, and getting hearty applause on all the right lines, but I don’t think anyone doubted the crowd at AIPAC would be polite.

Obama hits “voices that still deny the Holocaust” but has, as of yet, not defended his promise of summits with Ahmadinejad.