Video: Republican & Former Secretary of State Colin Powell Endorses President Obama

Republican and former Secretary of State General Colin Powell is in the news again after he has come out to publicly endorse President Obama in his reelection campaign for the second time with just 12 days to spare before people hit the polls. Back in 2008 conservatives were surprised that Powell decided to back a Democratic candidate, and this time around it doesn’t look like he’s changing things up even though he’s worked under a number of Republican presidents including Ronald Regan and George H. W. Bush.

He caught up with CBS Morning News who straight out asked him if he’s even still a Republican seeing as how this is the second time in a row that he’s backing an opposing party. He said he’s definitely still on the side of the elephants even though he’s more of a moderate Republican than anything, but he can’t ignore what he sees as progress under Obama’s administration.

Read more of General Powell’s endorsement and watch video after the jump

“I think I’m a Republican of a more moderate mold. That’s something of a dying breed I’m sorry to say.”

“I voted for [President Obama] 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.[…]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.”

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