Financial Times endorses Obama

The Financial Times endorsed Barack Obama today. Key quote:

… This ought to have been a close call. With a week remaining before the election, we cannot feel that it is.

Mr Obama fought a much better campaign. Campaigning is not the same as governing, and the presidency should not be a prize for giving the best speeches, devising the best television advertisements, shaking the most hands and kissing the most babies.

Nonetheless, a campaign is a test of leadership. Mr Obama ran his superbly; Mr McCain’s has often looked a shambles. After eight years of George W. Bush, the steady competence of the Obama operation commands respect.

Nor should one disdain Mr Obama’s way with a crowd. Good presidents engage the country’s attention; great ones inspire. …

In responding to the economic emergency, Mr Obama has again impressed – not by advancing solutions of his own, but in displaying a calm and methodical disposition, and in seeking the best advice. Mr McCain’s hasty half-baked interventions were unnerving when they were not beside the point.