Obama says "Don't panic" over economy

October 8, 2008 11:21:10 AM PDT
Democratic presidential candidate Barack Obama is urging Americans not to panic over the faltering economy, saying that better days lie ahead. Speaking to several thousand people in Indianapolis on Wednesday, Obama acknowledged public anxiety over the financial crisis.

"This isn't a time for fear or panic," he said. "This is a time for resolve and leadership."

Obama criticized Republican rival John McCain's economic and health care plans, saying they will continue the failed policies of President Bush. He said his ideas are better.

"I know that we can steer ourselves out of this crisis. Because that's who we are," Obama said. "This is a nation that has faced down war and depression, great challenges and great threats."