That may be one opinion. However, the hysteria of the past two weeks, Bush's statement of the need for the bail out and opinions of various economists (including Paulson who I believe was a professor of economics) other than Williams would seem to suggest otherwise. Williams' statements would also seem to be at odds with the daily messages Bush has transmitted for the past two weeks. Bush seems to have done a reversal of his previous statements of the country's economic well being of the past two years.