I concur exactly with the fiscally conservative news magazine out of the U.K.

America could do better than Barack Obama; sadly, Mitt Romney does not fit the bill

… A man who once personified hope and centrism set a new low by unleashing attacks on Mitt Romney even before the first Republican primary. Yet elections are about choosing somebody to run a country. And this choice turns on two questions: how good a president has Mr Obama been, especially on the main issues of the economy and foreign policy? And can America really trust the ever-changing Mitt Romney to do a better job? On that basis, the Democrat narrowly deserves to be re-elected.

… The other qualified achievement is health reform. Even to a newspaper with no love for big government, the fact that over 40m people had no health coverage in a country as rich as America was a scandal. “Obamacare” will correct that, but Mr Obama did very little to deal with the system’s other flaw—its huge and unaffordable costs.

Above all, Mr Obama has shown no readiness to tackle the main domestic issue confronting the next president: America cannot continue to tax like a small government but spend like a big one. …

… far from being the voice of fiscal prudence, Mr Romney wants to start with huge tax cuts (which will disproportionately favour the wealthy), while dramatically increasing defence spending. Together those measures would add $7 trillion to the ten-year deficit. He would balance the books through eliminating loopholes (a good idea, but he will not specify which ones) and through savage cuts to programmes that help America’s poor (a bad idea, which will increase inequality still further). …

… the extremism of his party is Mr Romney’s greatest handicap …

The devil we know

We very much hope that whichever of these men wins office will prove our pessimism wrong. …

Many of The Economist’s readers, especially those who run businesses in America, may well conclude that nothing could be worse than another four years of Mr Obama. We beg to differ. …

Our American endorsement
Which one?

It’s well worth reading every word of that article. They nailed it.

It may not matter which is President. The next 4yrs will be far worse than the last 4yrs.

Both parties are unwilling to raise revenue, very reluctant to reduce spending. The children of this generation are the ones left in the rubble.