it was briefly mentioned by professor weigel here, but i'm kind of curious to hear more in depth fromhe monetary side of the house in terms of the fed's ability and capacity to deal with things with the impact that we've seen from the regulatory policy on the fluidity of market. >> i'll make a quick fiscal comment just riffing off of phil. i thought phil made a good point about some of the, some of the large changes in health care policy, in financial regulations that collided with a recovery that was still finding its legs. and the only thing i would say is that the political timetable doesn't necessarily track with the you cannily call one -- the cyclical one the way you'd always like it to. i was with the administration, the obama administration, and we thought we had an opening to do an his historical health care reform, and i think ultimately history will show that was a very positive policy change. >> [inaudible] questions? someone here, why done we take these two and then -- >> while you're doing that. to me, the regulatory issue is on growth, right? it seems like -- i called i