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President George W. Bush delivers a statement on the economy Tuesday, Oct. 14, 2008, from the Rose Garden of the White House. In announcing new measures America is taking to implement the G7 action plan and strengthen banks across the country, the President said, "It will take time for our efforts to have their full impact, but the American people can have confidence about our long-term economic future. We have a strategy that is broad, that is flexible, and that is aimed at the root cause of our problem. Nations around the world are working together to overcome this challenge. And with confidence and determination, we will return our economies to the path of growth and prosperity." White House photo by Eric Draper

President George W. Bush is joined in the Oval Office Tuesday, Oct. 14, 2008, for the signing of S. 3001, the Duncan Hunter National Defense Authorization Act for Fiscal Year 2009. With him from left are: U.S. Secretary of Defense Robert Gates, U.S. Senator Carl Levin, D-Mich.; U.S. Senator John Warner, R-Va.; President Bush; Republican Congressman Duncan Hunter of California, and Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff. White House photo by Joyce N. Boghosian

President George W. Bush thanks Detroit Red Wings player Chris Chelios for a miniature Stanley Cup presented to the President Tuesday, Oct. 14, 2008 in the East Room at the White House, during the ceremony to honor the Red Wings 2008 Stanley Cup championship. White House photo by Chris Greenberg

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President George W. Bush stands with Detroit Red Wings captain Nicklas Lidstrom as they hold up jerseys Tuesday, Oct. 14, 2008 in the East Room at the White House, representing President Bush's father 41 and the President 43, during the ceremony to honor the Red Wings 2008 Stanley Cup championship. White House photo by Joyce N. Boghosian

President George W. Bush meets with his Working Group on Financial Markets Tuesday, Oct. 14, 2008, in the Roosevelt Room of the White House. Afterward, the President said, "I know Americans are deeply concerned about the stress in our financial markets, and the impact it is having on their retirement accounts, and 401(k)s, and college savings, and other investments. I recognize that the action leaders are taking here in Washington and in European capitals can seem distant from those concerns. But these efforts are designed to directly benefit the American people by stabilizing our overall financial system and helping our economy recover." White House photo by Eric Draper