VIDEO & AUDIO: George W. Bush Address to the Nation, Sept 30 2008

 

Sept. 30, 2008

President Bush Discusses Economic Rescue Plan

      Video         Audio

      In Focus: Economy

George W. Bush spoke the United States (and world) at 7:45 am EST Tuesday morning September 30, 2008.

He again addressed the case for the US$700 billion bailout which failed to pass in the lower house on Monday.

His speech was be important because it is being made to restore faith in global markets and persuade Americans that the $700 billion bailout is going to do what it is intended to do.

Markets hate nasty surprises and uncertainty and his speech will have to be a good one to pull it all off.

While not a spectacular speech by any stretch of the imagination, it was nevertheless competent enough to restore some positivity into the DOW this morning.

As at 7.45 am (NZ time) the DOW was up 379 points.

In my opinion it is unlikely to be a sustained upswing because there is more bad financial news to come.

Related Links

 

Sept. 29, 2008

President Bush Discusses Financial Rescue Legislation

      Video         Audio

      Fact Sheet: A Strong Bipartisan Proposal to Stabilize Our Financial System

      In Focus: Economy

 

c Political Animal 2008