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Pick a President to Save the U.S. From Greece’s Fate

July 26 (Bloomberg) -- The U.S. election of 2012, we assume, is a nation-defining moment.

If we re-elect President Barack Obama, we will be endorsing a more progressive government with more social insurance, higher tax rates at least on the wealthy and more regulation. If we elect Mitt Romney, we will be returning to our post-Ronald Reagan norm of embracing low taxes, economic freedom and widespread economic disparities.