You can take any sentence out of the context of any speech and make it mean what you want it too. That is what the Democrats do and the reason they are out of power....
How does "MikebackfromIraq" sound?
Context? The context of the Bush speech was all about globalism, world affairs, planet earth for the first 80% of the speech. He did not touch on domestic stuff until the bitter end.
Being that this was the Inaugural for the President of the U.S., not of planet Earth, I would think the first 80% of the speech would be about the United States.
Taken out of context? No. Not so. The President's "liberty for all does not mean independence from one another." was at the heart of his 80% of the speech about globalism.