Metzzen1

so had new cpu cooler sittin around that i bought and never used, well decided to put it on today. got out the old arctic silver, put a bb sized damn on there and put the cpu in. got everything wired back up board back in and i turn on the pc and i smell this weird smell kinda plasticky. so i instantly turn it off. i recheck al my wires, everything is correct. turn it on again, held the cpu fan and case fans still for a second and saw a tiny stream of smoke, like TINY. i instantly turned it off again in fear that i fried the cpu. well i came back a few hours later and pulled the cooler off. looks like i put to much arctic silver and it was makin contact with the metal clip that holds in the cpu (775 socket). would this make my cpu fry?

ontop of all thism my comp wont boot or do anything. i tried clearing the cmos and nothing. not a thing comes up on the screen just black. whats the deal? is it time for a new mobo combo