Marathon Pundit: Obama's turn on panic peddling the economy

Two days ago I blogged about Sen. Chuck Schumer (D-NY) and his panic peddling of the "recession" we are in.

Today Barack Obama entered a high school auditorium, to the chants of "Yes we can" and then told the audience that the economy is in a "No we can't" mode.

Once again, we are not in a recession. But doom-and-gloom talk, such as the type that came out of the mouth of the Illinois senator who stands for "Hope" just might put us in one.

"Our economy is in serious trouble," Obama said. "You can feel it in your own lives and see it in your own communities. I hear it everywhere I go."

"We don't have to sit here and watch our leaders do nothing," he said to a cheer and standing ovation from the crowd. "That's why I'm running for president today. ... I'm running because we can't settle for a Washington where John McCain (the Republican senator who has locked up the GOP nomination) gets the chance to give us four more years of the same Bush policies. ... It hasn't worked in the past and it won't work for our future."