Speaking strictly in terms of statistics, Romney is gaining in popular vote against Obama, but Obama is predicted to take most of the major electoral college states, so he still holds the lead in those terms. The election will probably end up being where Romney wins the popular vote, but Obama wins the electoral college votes, and thus wins the election.

http://elections.huffingtonpost.com/...ectoral-map?hw is my reference for this.

Personally, I don't necessarily like either choice. They both have major flaws.