Today on CBS This Morning, Colin Powell endorsed Barack Obama for President, as he did in 2008.
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 a few months later at 10 percent. So we were in real trouble. The auto industry was collapsing, the housing was start[ing] 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.”
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 acknowledged that problems remain, saying “The unemployment rate is too high, people are still hurting in housing but I see that we’re starting to rise up.”
Turning to foreign policy, Powell said he saw “the president get us 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 has 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.”
Powell expressed his concern about Republican candidate Mitt Romney’s changing positions on international affairs. “The governor who was saying things at the debate on Monday night … was saying things that were quite different from what he said earlier. I’m not quite sure which Gov. Romney we would be getting with respect to foreign policy.”