The Economist: a tepid endorsement of Obama

From The Economist, the highly respected London-based publication, comes a tepid endorsement of Barack Obama: Which one? America could do better than Barack Obama; sadly, Mitt Romney does not fit the bill

From the lengthy piece:

FOUR years ago, The Economist endorsed Barack Obama for the White House with enthusiasm. So did millions of voters. Next week Americans will trudge to the polls far less hopefully. So (in spirit at least) will this London-based newspaper. Having endured a miserably negative campaign, the world’s most powerful country now has a much more difficult decision to make than it faced four years ago.

That is in large part because of the woeful nature of Mr Obama’s campaign. 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.

There are plenty of Obama shortcomings detailed in the piece, but those are outweighed (emphasis added):

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. For all his businesslike intentions, Mr Romney has an economic plan that works only if you don’t believe most of what he says. That is not a convincing pitch for a chief executive. And for all his shortcomings, Mr Obama has dragged America’s economy back from the brink of disaster, and has made a decent fist of foreign policy. So this newspaper would stick with the devil it knows, and re-elect him.