It was an obvious Obama win.
Rmoney was trying to push a line that Obama wasn't strong enough, but he supported all of his policies. Rmoney just said that Obama should have done more, sooner.
Obama smacked him down on a few things.
1) Rmoney: Our Navy will be smaller than it was in 1917!!!
Obama: We'll also have fewer horses and buggies and bayonets than in 1916, too. Gov. Romeny may not know this, but now we have things like ships that carry airplanes, and ships that go under the sea. What matters is capabilities, not raw numbers...
2) Rmoney: On Obama's trip to the Middle East, he visited Egypt and Saudi Arabia and ... But he didn't visit Israel. And they noticed.
Obama: When I went to Israel as a candidate, I didn't go with lobbyists on the plane. I didn't go there to have a fundraiser. I went to the museum to learn about the Holocaust. I went to ... to meet with people who had rockets rain down on their bedrooms. And my Administration paid for Israel's Iron Dome that is protecting them from rockets.
3) Rmoney: What the president said isn't true. I said that the car companies should go through bankruptcy and get bridge financing from the government. I love cars, my father ran a car company. I was born in Detroit.
Obama: That's not true. Everyone can check what you said about letting Detroit go bankrupt. There was no way for them to get private financing and you specifically rejected government assistance.
Rmoney: That's not true...
Obama: People can look it up themselves.
4) Rmoney: Syria is Iran's path to the sea.
I guess he hasn't seen a map of something called the Persian Gulf.
And so forth. Rmoney was spewing out his usual word salad, but clearly had little or no understanding of strategic issues.
Schieffer was a poor moderator. He let Rmoney, especially, go off on tangents about food stamps and unemployment and education and how much he loves teachers. (Obama did some of that too, but at least he could answer the foreign policy questions.) But apparently (at least at some point in the proceedings) Obama had more total time.
My $0.02. FWIW.
Cheers,
Scott.