In the U.S. presidential election, Governor Romney will either focus on avoiding risks throughout the fall election season or boldly go for it with an all-out campaign for American greatness.

In short, he'll follow the example of Ford or Reagan.

If Romney emulates Ford, we'll know we're in for a risk-averse campaign where the big debate will be "no more of Obama's failed policies" versus "we can't go back to the failed policies of Bush."

Such a scenario will be excruciating for the majority of independents, who see both the Bush and Obama eras as serious failures to really address America's economy and future.

Interestingly, President Obama is facing the same choice: go for a big vision of America (like he did in 2008), or play it small and try to win by attrition.

Clinton or Carter.