Are you assuming the white caulk is something that came out of a capacitor?
I didn't consider that misinterpretation....but, yeah, as JohnnyGuru is implying, the white blobs are nothing to worry about--totally normal. You'll see that in almost every device you chance to open-up.
Leave it alone.
Another possibility. If the TV works fine, and the smell is the only thing you are reacting to, put it back together and ignore it, unless you see puffs of smoke, or notice weird operation.
If, on the other hand, the TV is older, and you are having problems with it, take clearer photos (of the areas that I attempted to highlight with crops) and re-post them.