He started the ball rolling on the "Do Panic" rhetoric yesterday, and it didn't work. Jack Lew stepped up this morning with some more fearmongery and we suspect during the President's address at 1040ET this morning he will point out the Armageddon that will occur should the debt ceiling be breached - and ask why aren't equity investors selling? It seems he needs to appoint that non-bubble-blowing Fed head asap...