Obama has failed. That is why Mitt Romney is the preferred choice for president. Romney’s adult life has been spent turning around troubled private and public institutions. These turnarounds include scores of companies acquired and restructured by Bain Capital, the investment firm he founded in 1984. Not all were successes, but that is because to a significant degree, many of the companies Bain took on were high-risk. In 1999, he was asked to take over the scandal-plagued and fiscally mismanaged 2002 Olympics in Salt Lake City. He quickly streamlined its management, fixed its finances and guaranteed its security, turning it into a success. As governor of Massachusetts, he made tough decisions to lead the state out of a budget deficit, and he did so in a state dominated by Democrats.

As a career businessman and former governor, Romney brings a wealth of executive experience in the private sector and the public sector that dwarfs that of Obama. From working both sides of the government/private-sector equation, he understands how that relationship can aid or impede prosperity. His election would be an immediate signal to the private sector that someone who knows what he is doing is managing the nation’s economic policy. The effect on business confidence would be dramatic and immediate, and business confidence is the vital ingredient needed to spur investment and hiring, the two things that the United States so desperately needs.

In 2008, Americans made a leap of faith when they elevated the inexperienced Obama to the White House. That faith was not rewarded. This time, voters should place their hopes for change in experience, by electing Romney.