How do I connect to MySQL database on WebFaction using Peewee ORM?

I successfully uploaded my webapp onto webfaction, but I noticed, when using peewee to connect to a MySQL database on my webfaction account, I got this error:

ProgrammingError: (1146, "Table 'table goes here' doesn't exist")

Some background information: I created the MySQL database on webfaction, but currently it does not have any tables within it. I assumed that when you're using peewee you can create tables from within your program like so:

# -- Peewe Modules
from peewee import *

DATABASE = MySQLDatabase("DBNAMEGOESHERE", host="HOSTGOESHERE", port=PORTGOESHERE, user="USERGOESHERE", passwd="PASSGOESHERE")

# -- DATABASE OBJECTS GO HERE:

#-- INIT
def initialize():
    DATABASE.connect()
    DATABASE.create_tables([example_table],safe=True)
    DATABASE.close()

So I didn't bother adding anything to my empty MySQL database on my webfaction control panel, but I'm just confused as to why I received the error above. Can anyone step me through successfully connecting to my MySQL database on webfaction?

Regards, Guled

EDIT:

Thank you Sean for your insight. I have included the exact errors from my error logs. I removed the timestamps for simplicity.

return self.wsgi_app(environ, start_response)

File "/home/username/webapps/myapp/myapp/__init__.py", line 49, in __call__
return self.app(environ, start_response)

File "/home/username/lib/python2.7/Flask-0.10.1-py2.7.egg/flask/app.py", line 1820, in wsgi_app
response = self.make_response(self.handle_exception(e))

File "/home/username/lib/python2.7/Flask-0.10.1-py2.7.egg/flask/app.py", line 1403, in handle_exception
reraise(exc_type, exc_value, tb)

File "/home/username/lib/python2.7/Flask-0.10.1-py2.7.egg/flask/app.py", line 1817, in wsgi_app
response = self.full_dispatch_request()

File "/home/username/lib/python2.7/Flask-0.10.1-py2.7.egg/flask/app.py", line 1477, in full_dispatch_request
rv = self.handle_user_exception(e)

File "/home/username/lib/python2.7/Flask-0.10.1-py2.7.egg/flask/app.py", line 1381, in handle_user_exception
reraise(exc_type, exc_value, tb)

File "/home/username/lib/python2.7/Flask-0.10.1-py2.7.egg/flask/app.py", line 1475, in full_dispatch_request
rv = self.dispatch_request()

File "/home/username/lib/python2.7/Flask-0.10.1-py2.7.egg/flask/app.py", line 1461, in dispatch_request
return self.view_functions[rule.endpoint](**req.view_args)

File "/home/username/webapps/myapp/myapp/__init__.py", line 587, in index
count = models.Post.select().count()

File "/home/username/lib/python2.7/peewee-2.7.3-py2.7.egg/peewee.py", line 2792, in count
return self.aggregate(convert=False) or 0

 File "/home/username/lib/python2.7/peewee-2.7.3-py2.7.egg/peewee.py", line 2785, in aggregate
return self._aggregate(aggregation).scalar(convert=convert)

File "/home/username/lib/python2.7/peewee-2.7.3-py2.7.egg/peewee.py", line 2564, in scalar
row = self._execute().fetchone()

File "/home/username/lib/python2.7/peewee-2.7.3-py2.7.egg/peewee.py", line 2555, in _execute
return self.database.execute_sql(sql, params, self.require_commit)

File "/home/username/lib/python2.7/peewee-2.7.3-py2.7.egg/peewee.py", line 3366, in execute_sql
self.commit()

File "/home/username/lib/python2.7/peewee-2.7.3-py2.7.egg/peewee.py", line 3212, in __exit__
reraise(new_type, new_type(*exc_args), traceback)

File "/home/username/lib/python2.7/peewee-2.7.3-py2.7.egg/peewee.py", line 3359, in execute_sql
cursor.execute(sql, params or ())

 File "/usr/lib64/python2.7/site-packages/MySQLdb/cursors.py", line 174, in execute
self.errorhandler(self, exc, value)

File "/usr/lib64/python2.7/site-packages/MySQLdb/connections.py", line 36, in defaulterrorhandler
   raise errorclass, errorvalue
ProgrammingError: (1146, "Table 'DATABASENAMEHERE.post' doesn't exist")