Panicked is right.
Obama was supposed to have been immaculated almost without opposition (just like him first go-round with McCain).
He and his RESENT the idea that he had to actually campaign this time around and are panicked that he might actually lose.
They bought both their own hype about Obama and their smears about Romney.
Unfortunately, Romney declined to play the cartoon villain- and the American people have failed to drink the Kool-aid.
The jig is up- and the media are in full blown panic as a result.