Colin Powell endorses Barack Obama for president | CBS News


“I voted for him in 2008 and I plan to stick with him in 2012 and I’ll be voting for he and Vice President Joe Biden next month.”


Powell explained his choice to Charlie Rose and Norah O’Donnell:

When he took over the country was in very, very difficult straits. We were in the one of the worst recessions we had seen in recent times, close to a depression. The fiscal system was collapsing. Wall Street was in chaos, we had 800,000 jobs lost in that first month of the Obama Administration and unemployment peaked at 10 percent. So we were in real trouble. The auto industry was collapsing, the housing was started to collapse and we were in very difficult straits. And I saw over the next several years stabilization come back in the financial community, housing is now starting to come back after four years, it’s starting to pick up. Consumer confidence is rising.”

Summarizing the past four years under Obama, Powell said “Generally, we’ve come out of the dive and we’re starting to gain altitude.” He added, “The unemployment rate is too high, people are still hurting in housing but I see that we’re starting to raise up.”

via Colin Powell endorses Barack Obama for president – CBS News.

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