Take a look at the Wikipedia page covering The Economist's editorial stance[1]. In particular, note their presidential endorsements and their respective positions on climate change, drug decriminalization/legalization and American military action in Afghanistan and Iraq.
To drill into a specific example, consider that they've historically endorsed Democratic presidential candidates more often than not; on the other hand they endorsed George W. Bush in 2000 because they agreed with his, "small government, pro-market philosophy".
While they haven't done it in recent memory, they have in the past abstained from making any specific endorsement for a presidential candidate. More recently they haven't shied away from criticizing both candidates.[2]
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1. https://en.wikipedia.org/wiki/The_Economist_editorial_stance
2. Here's a fun one: in 2004 The Economist very weakly (and sardonically) endorsed Kerry by saying, "The incompetent George W. Bush or the incoherent John Kerry." In contrast they gave two ringing endorsements for Obama.
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