The only way I can see Mitt Romney "saving" the Constitution is if he has a Saul-to-Paul moment (or, in Book of Mormon terms, an Alma the Younger conversion moment) after he's in office which completely turns him around.
If he puts Ron Paul as a Judge in the federal Judicial branch, that'd be awesome.
I do believe in miracles and I do hope that these things happen, but I'm not going to count on either one.
A little-known, more recent prophecy given by Ezra Taft Benson updated this prophecy to include honest, liberty-loving people in general.
I had also heard that this prophecy could also refer to physically saving the Constitution so that the nation can be rebuilt based on its principles after the nation has collapsed. There is a lot of speculation, and until we prove to be a good enough and faithful enough people with the knowledge we DO have, I doubt we're going to get more revelation on the matter.
Basically, I know that God knows what's going on and is in power, and I know that I don't know what the immediate future holds. The best I can do is try to be virtuous and just with everyone, be a good example to others so that they would be inspired to come closer to Christ, prepare for the worst, hope for the best (in this case, that people basically do want to do what is right, even if they do not know what it is), share my knowledge, and so on.
"Moderation in temper is always a virtue; but moderation in principle is always a vice." -- Thomas Paine
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