A quote from Franklin Delano Roosevelt, president of the U.S. during Great Depression of the 1930s. Many believe that his New Deal program helped get the U.S. out of the depression; others give the credit entirely to WWII. Either way, the two Roosevelts (Teddy with his support for antitrust regulation, and FDR with the New Deal) helped make the U.S. slightly more socialist than it otherwise would have been. Nowhere near as much so as most of Europe, though.

R.E.M., in the song `Hyena', twisted this into ``The only thing to fear is fearlessness''.