Mitt Romney gives Barack Obama an ‘F’ for his performance as president. But that’s not because the former Republican presidential candidate still wants the job — at least, he’s not ready to say yet whether he wants it or not. USA-POLITICS/

“I’m not going to give him a passing grade for the year,” Romney said of Obama on NBC’s Today show.

Sure, the economy was in free-fall a year ago and is now growing. Sure, the Dow Jones Industrial Average is back above 10,000. Sure, the U.S. no longer seems headed for a new depression.

But Romney points out that unemployment is still very high. Plus, the Obama administration has built any progress to date on the unsound foundation of new debt.

“It could have taken much better steps,” Romney said, without elaborating.