President George W. Bush speaks from the White House about the passage of the Emergency Economic Stabilization Act of 2008. Bush describes features of the bill providing tax incentives for businesses to invest and create jobs, temporarily expanding federal deposit insurance for bank and credit union accounts from $100,000 to $250,000, and provide families with relief from the Alternative Minimum Tax. Bush reassures citizens that the nation will heal, saying "with confidence and leadership and bipartisan cooperation, we'll overcome the challenges we face, return our nation to a path of growth, and job creation, and long-term economic prosperity."
Read
