President Barack Obama is rushing to roll out a new economic plan this week, but his fellow Democrats are confronting a tough question: Is it too little, too late?

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On one hand, Obama used a Labor Day speech in Milwaukee, Wisconsin, to suggest he wasn't rattled about the economic crisis that might wipe out Democratic majorities in the House and Senate in less than two months.

"Now, the plain truth is, there's no silver bullet or quick fix to the problem," he said.

But on the other hand, Obama certainly sounded like a president trying to use the roll-out of his new plan to convince voters he's all over the problem.

"I'm going to keep fighting, every single day, to turn this economy around; to put our people back to work; to renew the American dream for your families and for future generations," Obama said.

There's certainly urgency to the situation because panic is starting to set in privately among some Democratic strategists if the American people don't see economic improvement by November.

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