financial melt down or deep water horizon as opposed to too little regulation. there's big difference of opinion and a big difference on opinion as to whether you should bring the deficit down by spending cuts and whether that lowers demand or if you should do anything about demand as a government or should rely on tax cuts. so i think there is a big difference on what does this show apart from the, you know, the president says he can't wait and he's being presidential is that republicans have never bought into the idea that consumers need protecting in this way at all. and that's a fundamental difference. that's a big ideological conflict. >> john in new hampshire, we are sorry we didn't talk to you earlier about this, but now seems the appropriate time. to what degree do you think the republican presidential field will be responding to the actions of the president today? >> well, i think it's predictable how they'll respond. they'll say he's going past the congress, that he's acting unilaterally and that that's arrogant.