Just a few days after the Oct. 22nd presidential debate on foreign policy ( the third and last presidential debate before the Nov. 6 election), former U.S. Secretary of State Colin Powell endorsed Barack Obama’s bid for re-election.
Powell, a moderate Republican, served as secretary of state under President George W. Bush.
A retired four-star general, Powell was also chairman of the Joint Chiefs of Staff under former President George H.W. Bush and was national security advisor under former President Ronald Reagan.
Reuters also conveys:
“In his endorsement, Powell said domestic issues such as the economy, healthcare, and education loomed large in his support for a second term for Obama.
"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 ... we were in real trouble," Powell said, adding that the housing market has started to pick up, the auto industry has recovered and consumer confidence is rising.
"I think generally we've come out of the dive and starting to gain altitude," he said. "I see that we are starting to rise up," he said, but added problems such as unemployment and the housing market still need work.
Powell also criticized Romney's foreign policy as inconsistent and questioned the former Massachusetts governor's ability to address the deficit and looming defense cuts.
"I'm not quite sure which Governor Romney we'd be getting with respect to foreign policy," he told CBS, calling Romney's foreign policy "a moving target."
As for the U.S. budget, he added: "It's essentially, let's cut taxes and compensate for that with other things, but that compensation does not cover all the cuts intended or the expenses associated with defense."