Don't let anyone tell you to relax... that's how they walked us off the cliff in 1929. Embrace your fear. Fear makes you smart; fear makes you strong. It's the only proper mindset to face the coming storm.
Paulson's statements that the economy would collapse if Congress didn't act were not true, and obviously he didn't believe them, since it has now been a week and we still don't have even the outlines of his plans.