Colin Powell Endorses President Barack Obama

Former Secretary of State, National Security Adviser, and Chairman of the Joint Chiefs of Staff Colin Powell endorsed President Barack Obama for reelection today on the CBS This Morning show.

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Here is the transcript:

ROSE: Will you endorse President Obama this race?

POWELL: Well, you know I voted for him in 2008 and I plan to stick with him in 2012, and I’ll be voting for he and for Vice President Joe Biden next month.

ROSE: That’s an endorsement for President Obama for re-election?

POWELL: Yes. And let me say why. When he took over the country was in very, very difficult straits, we were in 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 would peak a few months later at 10%. So we were in real trouble. The auto industry was collapsing. The housing industry was starting 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 pick up after four years, it’s starting to pick up. Consumer confidence is rising. So I think generally we’ve come out of the dive and we’re starting to gain altitude. It doesn’t mean we are problem solved, there are lots of problems still out there. The unemployment rate is too high. People are still hurting in housing. But I see that we are starting to rise up. I also saw the President get us out of one war, start to get us out of a second war and did not get us into any new wars. And finally, I think that the actions he’s taken with respect to protecting us from terrorism have been very, very solid. And so I think we ought to keep on the track that we are on. With respect to Governor Romney, I have the utmost respect to him but as I listen to what his proposals are especially with respect to dealing with our most significant issue, the economy, it’s essentially let’s cut taxes and compensate for that with other things. But that compensation does not cover all of the cuts intended or the new expenses associated with defense.

  2 comments for “Colin Powell Endorses President Barack Obama

  1. Paco
    October 25, 2012 at 1:01 pm

    This is a very significant endorsement coming from a well respected voice of reason and patriotic American from the Republican party in support of President Obama.

  2. Paco
    October 27, 2012 at 12:15 pm

    Gov Sununu, a surrogate for Romney, was characterizing Gen Powell’s support for President Obama as based on racism because they are both black, when Gen Powell clearly laid-out his case. This was a very offensive statement by Gov Sununu.

    I was heartened to hear Col Lawrence Wilkerson, (a self-identified Republican and Powell’s long-term aide and former Chief of Staff for him at the State Dept) take a very principled stance against the racism in his own GOP Party.

    http://www.theroot.com/buzz/former-powell-chief-staff-gop-full-racists

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