After listening to Paulson and Bernanke for over a year talk about how they have many tools to deal with this, having heard Bernanke emphatically claim that this will not be another depression and Paulson use terms like Bazooka and all that crud, we now have just heard Paulson, essentially toss in the towel, in my opinion.

He's basically said, that he's done and good luck to the next administration. Look forward to nothing more from the gov't till January.

I say, thanks for all you've done Hank and don't let the door hit your ass on the way out. You're bazooka turned out to be a pea shooter. Your strong dollar policy was to weaken the global economy more than the US. More of a last man standing policy.

Good thing you killed off the commodity bubble Hank. That should be your crowning achievement. Turning inflation to deflation... what a fantastic idea.

Now, personally, I would have taken a different approach... probably would have put all my efforts into the housing market since that was the source of the problem. I would have let the dollar drop... a weak dollar program if you will, as that would help GM more than a stimulus package. It did wonders for Canadian Manufacturing.

In fact, I suppose I would have let inflation run wild. I like inflation. I know not many people here agree but I think inflation is much easier to control than deflation.