a msga do istac deu isso:
set 11, 2014 2:05:30 PM org.hibernate.annotations.common.Version <clinit>
INFO: HCANN000001: Hibernate Commons Annotations {4.0.1.Final}
set 11, 2014 2:05:30 PM org.hibernate.Version logVersion
INFO: HHH000412: Hibernate Core {4.1.9.Final}
set 11, 2014 2:05:30 PM org.hibernate.cfg.Environment <clinit>
INFO: HHH000206: hibernate.properties not found
set 11, 2014 2:05:30 PM org.hibernate.cfg.Environment buildBytecodeProvider
INFO: HHH000021: Bytecode provider name : javassist
set 11, 2014 2:05:32 PM org.hibernate.service.jdbc.connections.internal.DriverManagerConnectionProviderImpl configure
INFO: HHH000402: Using Hibernate built-in connection pool (not for production use!)
set 11, 2014 2:05:32 PM org.hibernate.service.jdbc.connections.internal.DriverManagerConnectionProviderImpl configure
INFO: HHH000115: Hibernate connection pool size: 20
set 11, 2014 2:05:32 PM org.hibernate.service.jdbc.connections.internal.DriverManagerConnectionProviderImpl configure
INFO: HHH000006: Autocommit mode: true
set 11, 2014 2:05:32 PM org.hibernate.service.jdbc.connections.internal.DriverManagerConnectionProviderImpl configure
INFO: HHH000401: using driver [com.mysql.jdbc.Driver] at URL [jdbc:mysql://localhost/contas]
set 11, 2014 2:05:32 PM org.hibernate.service.jdbc.connections.internal.DriverManagerConnectionProviderImpl configure
INFO: HHH000046: Connection properties: {user=root, autocommit=true, release_mode=auto}
set 11, 2014 2:05:33 PM org.hibernate.engine.jdbc.internal.JdbcServicesImpl configure
WARN: HHH000342: Could not obtain connection to query metadata : Access denied for user 'root'@'localhost' (using password: NO)
set 11, 2014 2:05:33 PM org.hibernate.dialect.Dialect <init>
INFO: HHH000400: Using dialect: org.hibernate.dialect.MySQL5InnoDBDialect
set 11, 2014 2:05:33 PM org.hibernate.engine.jdbc.internal.LobCreatorBuilder useContextualLobCreation
INFO: HHH000422: Disabling contextual LOB creation as connection was null
set 11, 2014 2:05:33 PM org.hibernate.engine.transaction.internal.TransactionFactoryInitiator initiateService
INFO: HHH000268: Transaction strategy: org.hibernate.engine.transaction.internal.jdbc.JdbcTransactionFactory
set 11, 2014 2:05:33 PM org.hibernate.hql.internal.ast.ASTQueryTranslatorFactory <init>
INFO: HHH000397: Using ASTQueryTranslatorFactory
set 11, 2014 2:05:34 PM org.hibernate.tool.hbm2ddl.SchemaUpdate execute
INFO: HHH000228: Running hbm2ddl schema update
set 11, 2014 2:05:34 PM org.hibernate.tool.hbm2ddl.SchemaUpdate execute
INFO: HHH000102: Fetching database metadata
set 11, 2014 2:05:34 PM org.hibernate.tool.hbm2ddl.SchemaUpdate execute
ERROR: HHH000319: Could not get database metadata
java.sql.SQLException: Access denied for user 'root'@'localhost' (using password: NO)
at com.mysql.jdbc.SQLError.createSQLException(SQLError.java:1055)
at com.mysql.jdbc.SQLError.createSQLException(SQLError.java:956)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:3515)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:3447)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:911)
at com.mysql.jdbc.MysqlIO.secureAuth411(MysqlIO.java:3953)
at com.mysql.jdbc.MysqlIO.doHandshake(MysqlIO.java:1276)
at com.mysql.jdbc.ConnectionImpl.createNewIO(ConnectionImpl.java:2048)
at com.mysql.jdbc.ConnectionImpl.<init>(ConnectionImpl.java:723)
at com.mysql.jdbc.JDBC4Connection.<init>(JDBC4Connection.java:46)
at sun.reflect.NativeConstructorAccessorImpl.newInstance0(Native Method)
at sun.reflect.NativeConstructorAccessorImpl.newInstance(Unknown Source)
at sun.reflect.DelegatingConstructorAccessorImpl.newInstance(Unknown Source)
at java.lang.reflect.Constructor.newInstance(Unknown Source)
at com.mysql.jdbc.Util.handleNewInstance(Util.java:406)
at com.mysql.jdbc.ConnectionImpl.getInstance(ConnectionImpl.java:302)
at com.mysql.jdbc.NonRegisteringDriver.connect(NonRegisteringDriver.java:282)
at java.sql.DriverManager.getConnection(Unknown Source)
at java.sql.DriverManager.getConnection(Unknown Source)
at org.hibernate.service.jdbc.connections.internal.DriverManagerConnectionProviderImpl.getConnection(DriverManagerConnectionProviderImpl.java:193)
at org.hibernate.tool.hbm2ddl.SuppliedConnectionProviderConnectionHelper.prepare(SuppliedConnectionProviderConnectionHelper.java:51)
at org.hibernate.tool.hbm2ddl.SchemaUpdate.execute(SchemaUpdate.java:194)
at org.hibernate.tool.hbm2ddl.SchemaUpdate.execute(SchemaUpdate.java:178)
at org.hibernate.internal.SessionFactoryImpl.<init>(SessionFactoryImpl.java:503)
at org.hibernate.cfg.Configuration.buildSessionFactory(Configuration.java:1750)
at org.hibernate.ejb.EntityManagerFactoryImpl.<init>(EntityManagerFactoryImpl.java:94)
at org.hibernate.ejb.Ejb3Configuration.buildEntityManagerFactory(Ejb3Configuration.java:905)
at org.hibernate.ejb.Ejb3Configuration.buildEntityManagerFactory(Ejb3Configuration.java:890)
at org.hibernate.ejb.HibernatePersistence.createEntityManagerFactory(HibernatePersistence.java:57)
at javax.persistence.Persistence.createEntityManagerFactory(Persistence.java:63)
at javax.persistence.Persistence.createEntityManagerFactory(Persistence.java:47)
at br.com.caelum.financas.jpa.TesteJPA.main(TesteJPA.java:36)
set 11, 2014 2:05:34 PM org.hibernate.tool.hbm2ddl.SchemaUpdate execute
ERROR: HHH000299: Could not complete schema update
java.sql.SQLException: Access denied for user 'root'@'localhost' (using password: NO)
at com.mysql.jdbc.SQLError.createSQLException(SQLError.java:1055)
at com.mysql.jdbc.SQLError.createSQLException(SQLError.java:956)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:3515)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:3447)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:911)
at com.mysql.jdbc.MysqlIO.secureAuth411(MysqlIO.java:3953)
at com.mysql.jdbc.MysqlIO.doHandshake(MysqlIO.java:1276)
at com.mysql.jdbc.ConnectionImpl.createNewIO(ConnectionImpl.java:2048)
at com.mysql.jdbc.ConnectionImpl.<init>(ConnectionImpl.java:723)
at com.mysql.jdbc.JDBC4Connection.<init>(JDBC4Connection.java:46)
at sun.reflect.NativeConstructorAccessorImpl.newInstance0(Native Method)
at sun.reflect.NativeConstructorAccessorImpl.newInstance(Unknown Source)
at sun.reflect.DelegatingConstructorAccessorImpl.newInstance(Unknown Source)
at java.lang.reflect.Constructor.newInstance(Unknown Source)
at com.mysql.jdbc.Util.handleNewInstance(Util.java:406)
at com.mysql.jdbc.ConnectionImpl.getInstance(ConnectionImpl.java:302)
at com.mysql.jdbc.NonRegisteringDriver.connect(NonRegisteringDriver.java:282)
at java.sql.DriverManager.getConnection(Unknown Source)
at java.sql.DriverManager.getConnection(Unknown Source)
at org.hibernate.service.jdbc.connections.internal.DriverManagerConnectionProviderImpl.getConnection(DriverManagerConnectionProviderImpl.java:193)
at org.hibernate.tool.hbm2ddl.SuppliedConnectionProviderConnectionHelper.prepare(SuppliedConnectionProviderConnectionHelper.java:51)
at org.hibernate.tool.hbm2ddl.SchemaUpdate.execute(SchemaUpdate.java:194)
at org.hibernate.tool.hbm2ddl.SchemaUpdate.execute(SchemaUpdate.java:178)
at org.hibernate.internal.SessionFactoryImpl.<init>(SessionFactoryImpl.java:503)
at org.hibernate.cfg.Configuration.buildSessionFactory(Configuration.java:1750)
at org.hibernate.ejb.EntityManagerFactoryImpl.<init>(EntityManagerFactoryImpl.java:94)
at org.hibernate.ejb.Ejb3Configuration.buildEntityManagerFactory(Ejb3Configuration.java:905)
at org.hibernate.ejb.Ejb3Configuration.buildEntityManagerFactory(Ejb3Configuration.java:890)
at org.hibernate.ejb.HibernatePersistence.createEntityManagerFactory(HibernatePersistence.java:57)
at javax.persistence.Persistence.createEntityManagerFactory(Persistence.java:63)
at javax.persistence.Persistence.createEntityManagerFactory(Persistence.java:47)
at br.com.caelum.financas.jpa.TesteJPA.main(TesteJPA.java:36)
set 11, 2014 2:05:34 PM org.hibernate.engine.jdbc.spi.SqlExceptionHelper logExceptions
WARN: SQL Error: 1045, SQLState: 28000
set 11, 2014 2:05:34 PM org.hibernate.engine.jdbc.spi.SqlExceptionHelper logExceptions
ERROR: Access denied for user 'root'@'localhost' (using password: NO)
Exception in thread "main" javax.persistence.PersistenceException: org.hibernate.exception.GenericJDBCException: Could not open connection
at org.hibernate.ejb.AbstractEntityManagerImpl.convert(AbstractEntityManagerImpl.java:1377)
at org.hibernate.ejb.AbstractEntityManagerImpl.convert(AbstractEntityManagerImpl.java:1300)
at org.hibernate.ejb.AbstractEntityManagerImpl.throwPersistenceException(AbstractEntityManagerImpl.java:1387)
at org.hibernate.ejb.TransactionImpl.begin(TransactionImpl.java:62)
at br.com.caelum.financas.jpa.TesteJPA.main(TesteJPA.java:39)
Caused by: org.hibernate.exception.GenericJDBCException: Could not open connection
at org.hibernate.exception.internal.StandardSQLExceptionConverter.convert(StandardSQLExceptionConverter.java:54)
at org.hibernate.engine.jdbc.spi.SqlExceptionHelper.convert(SqlExceptionHelper.java:125)
at org.hibernate.engine.jdbc.spi.SqlExceptionHelper.convert(SqlExceptionHelper.java:110)
at org.hibernate.engine.jdbc.internal.LogicalConnectionImpl.obtainConnection(LogicalConnectionImpl.java:304)
at org.hibernate.engine.jdbc.internal.LogicalConnectionImpl.getConnection(LogicalConnectionImpl.java:169)
at org.hibernate.engine.transaction.internal.jdbc.JdbcTransaction.doBegin(JdbcTransaction.java:67)
at org.hibernate.engine.transaction.spi.AbstractTransactionImpl.begin(AbstractTransactionImpl.java:160)
at org.hibernate.internal.SessionImpl.beginTransaction(SessionImpl.java:1395)
at org.hibernate.ejb.TransactionImpl.begin(TransactionImpl.java:59)
... 1 more
Caused by: java.sql.SQLException: Access denied for user 'root'@'localhost' (using password: NO)
at com.mysql.jdbc.SQLError.createSQLException(SQLError.java:1055)
at com.mysql.jdbc.SQLError.createSQLException(SQLError.java:956)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:3515)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:3447)
at com.mysql.jdbc.MysqlIO.checkErrorPacket(MysqlIO.java:911)
at com.mysql.jdbc.MysqlIO.secureAuth411(MysqlIO.java:3953)
at com.mysql.jdbc.MysqlIO.doHandshake(MysqlIO.java:1276)
at com.mysql.jdbc.ConnectionImpl.createNewIO(ConnectionImpl.java:2048)
at com.mysql.jdbc.ConnectionImpl.<init>(ConnectionImpl.java:723)
at com.mysql.jdbc.JDBC4Connection.<init>(JDBC4Connection.java:46)
at sun.reflect.NativeConstructorAccessorImpl.newInstance0(Native Method)
at sun.reflect.NativeConstructorAccessorImpl.newInstance(Unknown Source)
at sun.reflect.DelegatingConstructorAccessorImpl.newInstance(Unknown Source)
at java.lang.reflect.Constructor.newInstance(Unknown Source)
at com.mysql.jdbc.Util.handleNewInstance(Util.java:406)
at com.mysql.jdbc.ConnectionImpl.getInstance(ConnectionImpl.java:302)
at com.mysql.jdbc.NonRegisteringDriver.connect(NonRegisteringDriver.java:282)
at java.sql.DriverManager.getConnection(Unknown Source)
at java.sql.DriverManager.getConnection(Unknown Source)
at org.hibernate.service.jdbc.connections.internal.DriverManagerConnectionProviderImpl.getConnection(DriverManagerConnectionProviderImpl.java:193)
at org.hibernate.internal.AbstractSessionImpl$NonContextualJdbcConnectionAccess.obtainConnection(AbstractSessionImpl.java:292)
at org.hibernate.engine.jdbc.internal.LogicalConnectionImpl.obtainConnection(LogicalConnectionImpl.java:297)
... 6 more