The election is obviously not a referendum. The ballot will say Barack Obama and Mitt Romney, not Keep or Replace. Casting a vote for Mitt Romney is very different from casting a vote for "New President".
The choice might as well be between neoliberalism (without more of that supply-side, i.e. less debt) or neoliberalism (with more of that supply-side, i.e. more debt), and its unfortunate, given that all the ideological causation for the 'Crash of 2008' and the ensuring Great Recession lies inherent in neoliberalism, that there has not been has not been something of a realignment away from it. Ironic that the very thing neoliberals hate - the state - appears to have saved it
Nevertheless, unless prosperity is more broad-based
moving forward, the prognosis is grim
