I'm an independent as well (with perhaps more Socialistic opinions than your average American, so some people say I am left-leaning, FYI), and here's where I stand on the current election; It's totally fucked.
Obama is clearly floundering when his four year term is put under the interrogation lights. He's mismanaged a lot of money and, even though he's spent it on causes he stands by (like alternative fuels), we haven't made strides because the investments have been decided upon poorly. He's allowed the government to really bully some people (extraditing a British kid for movie piracy? Yeah, we look like such great people now) and has flip-flopped on his free speech stances. I like his healthcare plan as I think healthcare should be a basic human right, and I also support his execution in killing Bin Laden (some people try to downplay this as either an inevitability or a superficial victory, and I reject both notions). He also mismanages by dumping far too much into security. We've got $8bil invested in the TSA but only $1bil invested in NASA. It should be flip-flopped. Are we better now, financially, than we were in 2008? I would say yes. But should we be even better than we are right now? I would also say yes.
Romney simply scares me because he takes the bullying tactics of Obama to an even farther level. His foreign relations simply don't extend beyond threats and war, and he wants to continue the religious crusade of trampling all over the rights of gays and women. He also seems to wish to maintain a privatized health care industry, which means I would continue to have to live in fear of breaking my leg because I can't afford insurance. Pretty bad when I would expect much better care getting injured in Vietnam or Canada instead of the United States. And that TSA/NASA disparity would likely remain the same even with Romney instead of Obama.
As an independent, I'm just disillusioned that we continue to operate under this half-decade leader choice based on column A and column B. The two-party system is creating a divide in both the government and general populace, and the disparate nature continues to worsen with each term election. I firmly believe that, should America continue to operate this way and not totally revamp the system, we will be facing civil war (probably on the basis of civil liberties like the last one, i.e. gay and women's rights instead of racial rights) in about 8 to 12 years, perhaps even quicker if the tensions worsen in the post-election phase.
For the first time in my life, I am starting to strongly consider becoming an expat. I wouldn't have even dreamed of this five years ago. I think that says it all (for me) about where this country is, and where it's heading