The latest TIME cover story makes the case that Latinos will decide the next presidential election, and Univision News anchor Jorge Ramos adds a commentary on the topic.

While blasting Republican presidential candidates for their stances on illegal immigration, Ramos also offers the GOP a glimmer of hope.

Latinos are very disillusioned with Obama because he broke a campaign promise. “What I can guarantee is that we will have, in the first year, an immigration bill that I strongly support,” he told me in Denver on May 28, 2008. But he didn’t deliver. Latinos call it La Promesa de Obama. He didn’t keep his word.

Besides that, the Obama Administration is responsible for the separation of thousands of families with children who are U.S. citizens. Obama has deported more immigrants–over 1.2 million–than any other President in history. Even though his policies recently have concentrated on deporting criminals, his Secure Communities program has unjustly targeted workers with no record.

“Latinos,” Ronald Reagan used to say, “are Republicans, but they just don’t know it yet.” Latinos share many values with Republicans: their stance against abortion, their distrust of Big Government and their traditional views on family and religion. Republicans could have used these similarities–along with Obama’s contradictory immigration policies–to build a new alliance with Latinos. But they blew it.

The discussion reminded me of last month’s presentation to the John Locke Foundation’s Shaftesbury Society from the Republican National Hispanic Assembly‘s North Carolina chapter.