{{Former US secretary of state Colin Powell Thursday endorsed President Barack Obama’s bid for re-election.}}<\/p>\n
The Republican who used to be chairman of the joint chiefs of staff said, “I voted for him in 2008, and I plan to stick with him in 2012.”<\/p>\n
Powell said that in 2008, the Democrat Obama inherited an economy that was close to depression, with Wall Street in chaos and the housing sector starting to collapse.<\/p>\n
Under Obama’s leadership, stability has come back to the financial community, housing is picking up and and consumer confidence is rising, although unemployment remains high, among other problems, Powell said.<\/p>\n
Also, Obama has protected America from terrorism and wound down the wars in Iraq and Afghanistan, he added.<\/p>\n
“And so I think we ought to keep on the track that we are on,” Powell said.<\/p>\n
Powell, himself once widely touted as a prospect for the White House, said his party affiliation has not changed — but he said he’s “a Republican of a more moderate mold,” something he said was “a dying breed.”<\/p>\n
Four years ago, Powell, the first African-American to occupy the top US military post, also came out publicly in support of Obama, who became the first African-American president.<\/p>\n
Powell said then he thought “Obama would be a transformational president.”<\/p>\n","protected":false},"excerpt":{"rendered":"
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