It’s an election year in the United States and majority of Americans are looking forward to elect their leader. But at the moment two people are favored to fly the presidential flags for their various parties- Obama for the democrats and Romney for the Republicans. The major issues that would determine the victory of any candidate are the economy and job creation, rising U.S debt and how the united states intend to respond to the Iranian nuclear issue vis-à-vis Israel’s security. Other issues are the Asian pacific security, unfair trade practices by China and China’s rise, security on the Korean peninsula and global terrorism. Since President Obama took over the helm of affairs he has consistently worked to better the U.S economy and every month had witnessed the creation of thousands of jobs bringing the jobless rate to a little above 8% in January 2012. He has however not done enough to bring down the wavering U.S debt which stands at over 14 trillion dollars. Some school of thought have criticized Obama for attempting to raise the debt ceiling above what it is today to avoid the U.S defaulting on its debt. But the major problem of the Obama administration is that America during his regime has lost its AAA credit rating- a major economic indicator. However haven created the needed environment for the creation of more jobs for the unemployed Americans and haven helped the U.S recover to an extent from a blithering credit crunch, most Americas are of the opinion that Obama should do more and should have done more to better reshape the economy facing steep competition from China. On the Iranian nuclear issue, a number of sanctions have been imposed on the Islamic republic and recently an oil embargo was placed on the country to force it to stop uranium enrichment. But this sanctions however how tight and painful they have been is yet to dissuade the Iranians from the attempt to build a nuclear weapon. Today Israel is weary of Iran’s nuclear ambitions and may strike Iran in months and these are some of the problems the Obama administration has had to deal with. Obama has however made some very good moves towards the Asia pacific region by increasing U.S presence in the region to serve as a check on China. The devaluing of the Chinese currency in order to gain an unfair trade advantage over others is another issue which the Obama administration has not been able to properly tackle. On the Korean peninsula a new leadership has emerged and the denuclearization of the peninsula is not yet in sight as the Obama administration has not yet determined how to deal with the new regime. On global terrorism the Obama administration surprised the whole world when he announced the death of Osama bin laden the founder and erstwhile leader of the Al-Qaeda network on May 1st 2011. He has also been doing his best to combat the Taliban and other terrorist groups around the world. Although he has his critics, he definitely has his admirers and stands a better chance to win the presidency. Romney on the other hand is seen more as an aggressive reformer and has vowed to contain china. He is said to be tough on terror and may propose new legislation to end the U.S budget deficit. As a republican, Romney is poised to prove to majority of Americans that he does have the antidote for their economic crisis and would restore the United States to its standing in the world. Romney is seen as green when it comes to administration; at least he has not been President before. But Obama has the experience and majority of Americans believe that if given a second chance he would do better. But be that as it may the election has just begun and if nothing at the party level. As we watch the political situation unfold itself; who rules America come 2013? Would Obama or Romney rule America? Time would tell.