Financial Times FT.com

US presidential election

Cool Obama turns the heat up on rival

By Edward Luce in Washington

Published: October 13 2008 19:57 | Last updated: October 13 2008 19:57

Constant parallels are drawn between today’s financial meltdown and the Great Depression of the 1930s. Barack Obama, who some point out is the clearest beneficiary of today’s crisis, takes that parallel a stage further.

In every speech, the Democratic presidential candidate makes sure to quote Franklin D. Roosevelt, elected president in 1932, who said: “The only thing we have to fear is fear itself.”

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