While the president will probably recycle his class warfare themes, Romney should focus on the president's domestic failures and on Republican initiatives that have worked in the past. We Americans didn't just crawl out of a cave. There is history.
He might start with what has happened since the 2010 election, which elected 17 Republican governors. According to a survey by examiner.com, "...the job market in states with new Republican governors is improving a full 50 percent faster than the job market nationally." Impressive, right? This is what can be accomplished when you either cut spending, lower taxes, or both.
Romney might also remind the estimated 50 million who will watch the presidential debate that the point of cutting taxes is to leave more capital in the hands of individuals and businesses, the real job creators. More money in private hands means more private jobs. That formula has not only worked for Republican governors, it has worked at the federal level when John F. Kennedy and Ronald Reagan tried it. Romney must emphasize that reduced government spending is the key to a revived economy. He should promise to accept the best ideas of Obama's Simpson-Bowles Commission (except tax hikes), and submit the recommendations to Congress for a vote with no amendments allowed. Public pressure would help pass it.
Romney should alert voters to the fact that higher taxes are coming, something Democrats, with the exception of Walter Mondale, won't do. In addition to the huge tax increases, thanks to Obamacare, that will occur if the Bush tax cuts are allowed to expire, five major tax increases are scheduled to take effect in January.