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In reply to the discussion: Iran Attack Decision Nears, Israeli Elite Locks Down [View all]RZM
(8,556 posts)Obama acts competently and the situation doesn't spiral completely out of control. Both Obama and Mittster would try so hard to gain any advantage that I think it would be a wash.
However, if Obama managed to make the situation demonstrably worse or didn't show decent leadership (contradictory statements, not appearing concerned, making a really unpopular decision and/or changing policies mid-stream, etc.) then there could be an opening for Romney. Of course the reverse is true too. If Mitt stumbles or seems indecisive/unsure of what to do, he could take a hit as well. My guess is that neither would make a serious mistake, though there would be more pressure on Obama since he's the CIC and would actually have to make decisions with real consequences.