What Happened to No-Drama Obama?

Promoting the big deficit spending bill in the Washington Post, President Obama writes:

[I]f nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.

“[A] crisis that, at some point, we may not be able to reverse”? Flooding and locusts, too?

Hmmm. Now, where have we heard such fear-mongering before?