Video: Colin Powell endorses Obama

posted at 8:41 am on October 25, 2012 by Ed Morrissey

Is anyone really surprised by Colin Powell’s re-endorsement of Barack Obama? CBS asked the question during This Morning, and Powell almost seems reluctant to spit the words out, but it’s not much of a shocker:

Powell went on to explain his reasoning:

“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 at 10 percent. So we were in real trouble. The auto industry was collapsing, the housing was started 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 come back 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 added, “The unemployment rate is too high, people are still hurting in housing but I see that we’re starting to raise up.”

Turning to foreign policy, Powell said he saw “the president got 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 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.”

Didn’t get us into “any new wars” and protection from terrorism has been “very very solid,” eh?  Maybe Powell missed those several weeks in the spring of last year when the US began bombing another country in an effort to decapitate its regime, and then fall back to support other nations’ efforts to do the same.  That decision to go to war against Moammar Qaddafi — there is no other word for it — created the environment in eastern Libya where terrorist networks operate freely, including al-Qaeda, and have chased all other Western nations and most NGOs out of the area.  The Obama administration was a little too slow to recognize the danger, though, and that’s why four Americans ended up dead in Benghazi in a well-coordinated terrorist attack on the anniversary of 9/11, including the first US Ambassador killed in the line of duty in 33 years.

I’m not surprised by Powell’s choice, although I’m a little mystified at his reasoning, especially on economic grounds. This is, after all, the worst economic “recovery” since World War II, and it’s getting worse each year rather than better. Powell says he’s still a Republican, but I suspect that he’s rather bitter about what happened in the march to war in Iraq, especially as it relates to him, and still holds a major grudge against Republican leadership.  I’m certainly not going to personally belittle a man who has served this nation almost his entire adult life until his well-deserved retirement over his political preferences in an election.  I just think he’s very, very wrong, and demonstrably so.


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the housing market has bottomed

bayam on October 25, 2012 at 9:18 AM

I’ve been in the financial end of the housing sector for 35 years. You’re not even an Unusually Good Liar.

F-

Del Dolemonte on October 25, 2012 at 9:53 AM

Black is Black

Wade on October 25, 2012 at 9:53 AM

“the president got us out of one war …”

We still have troops in Germany and Japan. Can someone get us the h3ll out of WWII, please!

Dusty on October 25, 2012 at 9:54 AM

Colon is from a structured military mindset. He was OK in the Golf war.

The economy is not designed to prosper under structure, control and regulation. From what I have read, his comments on domestic policy have the odor of flatulence about them.

seven on October 25, 2012 at 9:55 AM

It’s amazing how hard the media has worked to convince us the economy is recovering in the absence of any real evidence.

You might try reading the financial press instead of right wing blogs and Fox News. The evidence is clear and among Wall Street pros, the sentiment is far from gloomy. While on one has a crystal ball on future economic growth, there are many positive signs:

http://www.ibtimes.com/q3-gdp-preview-economy-seen-expanding-19-stronger-consumer-spending-housing-853381

http://www.bloomberg.com/news/2012-10-24/sales-of-new-u-s-homes-climbed-in-september-to-two-year-high.html

The cost of health care premiums? Aside from the unemployment rate which we all know is a joke at this point, there are no positive economic indicators. At best we’re stagnant.

Healthcare premiums aren’t an economic indicator and rising at a slower rate than before Obama took office.

The economy is growing as part of a recovery, but it’s a slow growth recovery as most economists expected in the wake the deleveraging that continues after a balance sheet recession. The right wing radio entertainers who claim that a robust recovery is possible after a massive economic crisis are incredibly ignorant.

bayam on October 25, 2012 at 9:57 AM

RACIST!!! I guess it’s a good thing America never had to fight an enemy with anyone of African heritage (black skin) during Colon’s time in the military, or else he would have switched sides. His loyalty is obviously to the color black and not the red,white and blue.

Rockshine on October 25, 2012 at 9:57 AM

Just as it is wrong to call everyone who opposes Obama racist, it is wrong to state that every black person who votes for Obama does so solely because of race. Unless he said something to indicate that his vote is based on race, I think we should stop making this claim.
Monkeytoe on October 25, 2012 at 9:10 AM

When something like 98% of blacks are for Obama, I think it is basic common sense to realize they are not all voting for him solely because they agree with his policies. Get real.

As for Powell, he already admitted Obama’s race was a factor in his support. It’s racism, straight up.

bluegill on October 25, 2012 at 9:58 AM

His tenure at State was marginal at best and his destruction of Scooter Libby is yet another brick in Powell’s wall of Shame.

gatorbait on October 25, 2012 at 9:53 AM

He let Scooter Libby fry. Who stands by and let’s an innocent man go to jail?

Answer:: A REALLY self-centered career minded prick who does things like endorse the other party’s candidate when that candidate’s star is rising.

Conan on October 25, 2012 at 9:58 AM

And I should care because…?

bopbottle on October 25, 2012 at 9:58 AM

I’ve been in the financial end of the housing sector for 35 years. You’re not even an Unusually Good Liar.

F-

Another lie from Bloomberg. Good call.

Americans bought new homes in September at the fastest pace in two years, another sign the industry whose decline was at the heart of the recession is bouncing back.
Sales climbed 5.7 percent to a 389,000 annual pace, the most since April 2010, following a revised 368,000 rate in August, figures from the Commerce Department showed today in Washington. The median estimate of 75 economists surveyed by Bloomberg called for an increase to 385,000.

bayam on October 25, 2012 at 9:59 AM

OT: I’m sure Captain Ed will post this, but….

According to AP – big gender gap news. Romney has closed gender gap with womynses.

Powell was too late, had he endorsed yesterday, I’m sure women would still favor Obama.

oldroy on October 25, 2012 at 10:00 AM

His tenure at State was marginal at best and his destruction of Scooter Libby is yet another brick in Powell’s wall of Shame.

gatorbait on October 25, 2012 at 9:53

He let Scooter Libby fry. Who stands by and let’s an innocent man go to jail?

Answer: A REALLY self-centered career minded prick who does things like endorse the other party’s candidate when that candidate’s star is rising.

Conan on October 25, 2012 at 10:00 AM

I don’t begrudge the guy being a liberal, but:

1) Admit what you are. How, exactly, is this guy a Republican, let alone any kind of conservative?

2) As Ed noted, his lines of reasoning here are very flawed at best, fantastical at worst. Sure, Mr. Powell need not intellectually beclown himself like this.

Meh.

Hawkins1701 on October 25, 2012 at 10:00 AM

No need to belittle him, he takes care of that himself.
PUTZ.

MontanaMmmm on October 25, 2012 at 10:00 AM

Thanks Colin for your service to the nation.
Now please understand you’ve made yourself irrelevant and a joke.
Yes, the economy was shedding lots of jobs at the end of 2008 and 2009. Yes the economy is no longer losing as much. But we see what Obama’s recovery looks like, the weakest in a hundred years. We see what Obama’s economy looks like, more people on welfare and disability, more people looking for and demanding handouts, more people stopping even applying for jobs, more people crying and wailing when their free ride is threatened, more blacks and women out of work, fewer families in homes, more homes worth less than the year before, and unemployment shamefully high nationally.
Perhaps you can imagine what might have been if Obama hadn’t rammed through Obamacare and actually understood how to create an environment of job creation. Perhaps you can imagine what the recovery might’ve looked like had Obama not stunted true market corrections in the housing market and auto industry. Perhaps you can imagine the feeling in the country and optimism we might have in our future if we weren’t saddled with six trillion dollars in new debt and two credit rating downgrades. Perhaps you can imagine why Obama will lose Nov 6.

smfic on October 25, 2012 at 10:02 AM

His tenure at State was marginal at best and his destruction of Scooter Libby is yet another brick in Powell’s wall of Shame.

gatorbait on October 25, 2012 at 9:53 AM

He let Scooter Libby fry. Who stands by and let’s an innocent man go to jail?

Answer: A REALLY self-centered career minded prick who does things like endorse the other party’s candidate when that candidate’s star is rising.

Conan on October 25, 2012 at 10:02 AM

The economy is growing as part of a recovery, but it’s a slow growth recovery as most economists expected in the wake the deleveraging that continues after a balance sheet recession. The right wing radio entertainers who claim that a robust recovery is possible after a massive economic crisis are incredibly ignorant.

bayam on October 25, 2012 at 9:57 AM

Ronald Reagan brought us out of a tailspin that was punctuated by 12% inflation and 20% interest rates, without spending endless amounts of time blaming the Carter administration for creating such a mess.

It can be done. This administration however preferred to spend its dividend on a flawed health care bill, prop up banks that should have failed, and invest in technologies that fail.

The economy that Obama is being judged on is the direct result of his own policies.

itsspideyman on October 25, 2012 at 10:03 AM

Racist

Bmore on October 25, 2012 at 10:03 AM

President Barack Obama told Rolling Stone that Mitt Romney is a “bullshitter.” Mike Allen reports:

FIRST LOOK – Rolling Stone cover, “Obama and the Road Ahead: The Rolling Stone Interview,” by Douglas Brinkley: “We arrived at the Oval Office for our 45-minute interview … on the morning of October 11th. … As we left the Oval Office, executive editor Eric Bates told Obama that he had asked his six-year-old if there was anything she wanted him to say to the president.
… [S]he said, ‘Tell him: You can do it.’ Obama grinned. … ‘You know, kids have good instincts,’ Obama offered. ‘They look at the other guy and say, “Well, that’s a bullshitter, I can tell.”’”
PappyD61 on October 25, 2012 at 9:14 AM

My apologies for having to post that. That’s a word that we would tell the yung ‘uns that they need to apologize for.

I should have changed it “b***s*****r”.

PappyD61 on October 25, 2012 at 9:23 AM

Awww, Pappy.

You have always been such a nice man online. Your apology made me smile.

You have NOTHING to apologize for. The man is a disgrace. In every way.

Thanks for posting it, because I hadn’t heard it. Yes, Obama’s right. Unless a person is a radical liberal, one would only vote for Obama if they had the political IQ of a child.

Colin Powell should be ashamed of himself. I think most of us new he was always a closet liberal and not up to par.

Elisa on October 25, 2012 at 10:04 AM

LOL…this is actually pretty awesome. It shows how mush these two candidates are really alike in therms of their war mongering and wasteful spending.

MoreLiberty on October 25, 2012 at 10:04 AM

Either Obama’s people have some good blackmail on him, or Colin Powell is a complete idiot. I never thought he was an idiot.

Sign of the Dollar on October 25, 2012 at 10:04 AM

I admire General Powell for his service but always perceived him as a moderate, why can’t we all be friends kind of guy.

I think that he as always been more a politician rather than a warrior and his support of Obama is in line with his circle of friends in DC.

Vince on October 25, 2012 at 10:04 AM

Elisa on October 25, 2012 at 10:04 AM

*knew

Elisa on October 25, 2012 at 10:05 AM

Black is Black

Wade on October 25, 2012 at 9:53 AM

Powell would like you to think it’s more complicated than that, but it isn’t really.

SKYFOX on October 25, 2012 at 10:05 AM

Ronald Reagan brought us out of a tailspin that was punctuated by 12% inflation and 20% interest rates, without spending endless amounts of time blaming the Carter administration for creating such a mess.

You don’t seem to understand that the Fed lowered those interest rates, not Reagan, and the level of economic destruction brought about by the near collapse of the US economic system in 2008 is only comparable to the Great Depression, not the cyclical downturn of the 1970′s and economic hardship that eased with interest rates and the lifting of the oil embargo.

bayam on October 25, 2012 at 10:07 AM

Boy, did this guy shrink over the years or what. It’s like his very being has dissipated before our eyes.

rrpjr on October 25, 2012 at 10:08 AM

The economy is growing as part of a recovery, but it’s a slow growth recovery as most economists expected in the wake the deleveraging that continues after a balance sheet recession. The right wing radio entertainers who claim that a robust recovery is possible after a massive economic crisis are incredibly ignorant.

bayam on October 25, 2012 at 9:57 AM

You really don’t know what you are talking about do you? Hopefully you are not responsible for other peoples money.

Vince on October 25, 2012 at 10:08 AM

although I’m a little mystified at his reasoning

You might be the only one, Ed.

Murf76 on October 25, 2012 at 10:10 AM

L.P. The economy is growing as part of a recovery, but it’s a slow growth recovery as most economists expected in the wake the deleveraging that continues after a balance sheet recession. The right wing radio entertainers who claim that a robust recovery is possible after a massive economic crisis are incredibly ignorant.

bayam on October 25, 2012 at 9:57 AM

Ahaha…

spinach.chin on October 25, 2012 at 10:10 AM

“And he’s almost the same color as me!”

Qzsusy on October 25, 2012 at 10:10 AM

Obama is not a leader or manager. I would have thought that with his experience as a military general, Powell would have recognized the many examples of incompetent leadership demonstrated in the last four years.

Pazman on October 25, 2012 at 10:10 AM

1) Admit what you are. How, exactly, is this guy a Republican, let alone any kind of conservative?

2) As Ed noted, his lines of reasoning here are very flawed at best, fantastical at worst. Sure, Mr. Powell need not intellectually beclown himself like this.

Meh.

Hawkins1701 on October 25, 2012 at 10:00 AM

There are a lot of Republicans in DC that are exactly like Powell.

Vince on October 25, 2012 at 10:11 AM

You really don’t know what you are talking about do you? Hopefully you are not responsible for other peoples money.

Vince on October 25, 2012 at 10:08 AM

True, I make the mistake of reading the WSJ and Barrons instead of listing to right wing radio. The smartest guys managing money have a different outlook.

http://blogs.wsj.com/deals/2012/10/24/warren-buffett-economy-is-slowing-but-im-salivating-for-an-acquisition/

bayam on October 25, 2012 at 10:13 AM

You don’t seem to understand that the Fed lowered those interest rates, not Reagan, and the level of economic destruction brought about by the near collapse of the US economic system in 2008 is only comparable to the Great Depression, not the cyclical downturn of the 1970′s and economic hardship that eased with interest rates and the lifting of the oil embargo.

bayam on October 25, 2012 at 10:07 AM

Paul Volcker, a Democrat, was widely supported by Reagan who reappointed him in 1983. He could have easily pulled him in favor of another chairman. This support and his belief in monetary theory pulled the system out of a funk that could have kept going if Reagan believed in cronyism.

itsspideyman on October 25, 2012 at 10:14 AM

How to destroy your 25 year career in less than 3 and 1/2 years; The Colin Powell Story…This man is a buffoon and has shown his “true colors” again. Pathetic SOB!

Tbone McGraw on October 25, 2012 at 10:15 AM

bayam. will you be like taggert or much when you godless reprobate communists get Galt connected to the persuader?

don’t answer because I know it will be another lie.

tom daschle concerned on October 25, 2012 at 10:16 AM

Black is Black

Wade on October 25, 2012 at 9:53 AM

Powell would like you to think it’s more complicated than that, but it isn’t really.

SKYFOX on October 25, 2012 at 10:05 AM

This

brtex on October 25, 2012 at 10:17 AM

RINO IN NAME ONLY.

RINO’s often attempt to have a good reason to vote with or enable the commie Democrats. This guy does not even have any reason other than he is a fool.

Never forget all the evil and bad things have come at the hand of RINOS, without them the commie Democrat party could not have done one thing on their own.

“U.S.A.”

APACHEWHOKNOWS on October 25, 2012 at 10:17 AM

Can I just ask an honest question of people like bayam?

Are there no lengths that Obama supporters will stop at to excuse his poor performance? Literally NOTHING is his responsibility!

Let’s not be melodramatic-other presidents have faced difficult economic situations, and have managed to fare much better than O has. How do you explain that other than incompetence?

spinach.chin on October 25, 2012 at 10:17 AM

Colin Powell – another GWB mistake.

bw222 on October 25, 2012 at 10:19 AM

“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.

Well how could he? We’ve redefined “war” to “kinetic military action” so we don’t even need Congressional approval to send our military to overthrow a foreign government by military force…

Once you no longer have a word called “war” nobody can create a new “war”.

Or did you forget the 6 months we spent attacking Libya Mr. Powell? If you’re impressed with Obama’s foreign policy I’m thinking the word “Libya” might come up once or twice… if you’re not familiar with the nation that might explain why you think he’s done a good job.

gekkobear on October 25, 2012 at 10:19 AM

Powell, the so called Republican. All his life and career a Affirmative Action baby.

arand on October 25, 2012 at 10:20 AM

The economy is growing as part of a recovery, but it’s a slow growth recovery as most economists expected in the wake the deleveraging that continues after a balance sheet recession. The right wing radio entertainers who claim that a robust recovery is possible after a massive economic crisis are incredibly ignorant.

[bayam on October 25, 2012 at 9:57 AM]

Look, any recession is going to have a recovery, especially if considered over a 4 year time period. One could lock the doors and hang a vacant sign out front of the WH and Congress for four years and there would be a recovery from the recession. The yardstick for attribution is the size of the recovery, i.e., how much more of a recovery there would be than the spontaneous background recovery that would happen naturally.

I submit that a 4 year lock-out would have been better than what we’ve gotten and a great part of the reason is that the government has perpetuated the massive economic crisis, not alleviated it.

Dusty on October 25, 2012 at 10:20 AM

Who?

faraway on October 25, 2012 at 10:21 AM

bayam on October 25, 2012 at 10:13 AM

You prove my point! Buy low, sell high! What a concept! If Obama wins, you’ll be able to buy even lower for the next four years.

By the way, how do you know what’s on talk radio if you never listen to it?

Vince on October 25, 2012 at 10:21 AM

You know, i dont know whats worse, the fact that his reasoning doesnt make any sense, or the fact that he has to be a liar or an idiot to believe his own words.

This man has now been completely outed as a fraud and one dimensional thinker. His prowess on the battlefield 20 years ago may have been swell, but now he is just another liberal hack who looks like a fool trying to justify believing failure is the right direction for the country.

Colin Powell you are now officially embarrassing yourself.

alecj on October 25, 2012 at 10:21 AM

Is anyone really surprised by Colin Powell’s re-endorsement of Barack Obama?

Actually, I guess I am a bit surprised…I always tried to be forgiving of Obama voters in 2008 even though I thought it was easy to figure out what we’d be getting if he got elected. The con man did talk a great game….but this time? Anyone that votes for him again after all the evidence of the past four years I have zero tolerance for. Powell of all people should have woken up. He’s not giving me much to respect anymore.

lynncgb on October 25, 2012 at 10:21 AM

There are some similarities between Powell and Obama. 1 Both achieved high positions because of WHAT they were and not WHO they were. 2 They both advanced in an affirmative action environment which aided and abetted mediocrity. 3 People wanted them to succeed so badly that they turned a blind eye to obvious deficiencies.

Personality-wise Obama and Powell are quite different-the former a wise-cracking, street smart hustler and the latter more professorial. Still it is a disappointment to me when Powell chose the race card–sort of like discovering that the Homecoming Queen chews tobacco.I expected more.

MaiDee on October 25, 2012 at 10:21 AM

The ultimate RINO.

He should be tossed from the party. Honestly. Throw his ass out.

This guy wouldn’t even take the hit on Valerie Plame, but got Armitage to do it…

…and now throws himself on the Obama grenade; the guy who got Amb Stevens killed.

F’ing hypocrite.

budfox on October 25, 2012 at 10:21 AM

Colin Powell is supporting Barack Obama because they are Black, and for not other reason. He didn’t get anything from him last time, but he’s endorsing him again because he is Black.

And that’s not racist.

“Racist” is code for White. If a White supported a White for racial reasons, that would be “racist”. If a Black supported a Black for racial reasons, which they practically all do, that’s not racist. So “racist” means White.

It’s the same with “anti-racist”. “Anti-racist” is anti-White. Every organization that calls itself “anti-racist” is really anti-White.

You’ve got to understand the code.

David Blue on October 25, 2012 at 10:22 AM

Racist dope.

The Rogue Tomato on October 25, 2012 at 10:23 AM

I listened to Colin Powell speak at a convention I attended a few years back. It was nauseating.

Yeah, yeah… thanks for your service Colin. Seriously. Thanks.

Now please fade away. You had about an ounce of credibility that you chose to give away to hopey changey in 2008. Yeah, John McCain wasn’t ready to be Commander in Chief. But the community organizer… sure. You’ve done your self and the military proud, Colin!

Seriously. Enjoy life. Go away.

Sugar Land on October 25, 2012 at 10:23 AM

Cum on General…. the reason ya endorse’n Barry is da color of his skin

Jeebus what a clown

roflmao

donabernathy on October 25, 2012 at 10:23 AM

Lets be clear, in a way it is not Obama’s fault, he is only doing commie stuff.

The problem is that he is a total commie to the core.

That “commie thing” is the thing that does not work.

Cut the commie crap out, he would be all ok.

Not going to happen.

Democrat party also has the same root problem, it is total commie deal so they too will fail in every way.

APACHEWHOKNOWS on October 25, 2012 at 10:24 AM

Isn’t this the guy that said Saddam had nukes pointed at your Mama?

faraway on October 25, 2012 at 10:24 AM

The economy is growing as part of a recovery, but it’s a slow growth recovery as most economists expected in the wake the deleveraging that continues after a balance sheet recession. The right wing radio entertainers who claim that a robust recovery is possible after a massive economic crisis are incredibly ignorant.

bayam on October 25, 2012 at 9:57 AM

Nobody is really saying the economy isn’t struggling to recover, and having positive recovery effects. The issue is whether the government has had anything to do with it.

Historically, economies are strong and grow stronger through private investment not government manipulation. So the debate is whether Obama’s meddling the economy has advanced long-term recovery or has actually retarded it.

Yes, the government restructured GM’s bankruptcy in order to preserve GM’s stability but in so doing the government ended up owning a quarter share of GM. At the expense of millions of private stock investors who got royally screwed out of their investments in the process.

What this is, the Government dictating the actions of a private industry (even instituting their own leadership in that private company) parallels 1930′s-40′s Facism.

With respect to claiming that a robust recover after a massive economic crisis is ignorant. What we have to challenge this statement is the massive economic recovery of the Reagan era. Obama is trying many of the same economic policies that failed for Carter, yet Reagan’s right-wing recovery efforts succeeded beyond anyone’s expectations.

This proves your statement of ignorance is incorrect, reflecting that your position on this is the true ignorant position.

Lawrence on October 25, 2012 at 10:24 AM

Let’s not be melodramatic-other presidents have faced difficult economic situations, and have managed to fare much better than O has. How do you explain that other than incompetence?

And it’s amazing that you cannot comprehend the severity of the near collapse and continue the tired refrain that it was just another recession. Obama has outperformed the historical average when compared to similar crises.
http://www.businessinsider.com/us-bailout-success-2012-9

Perhaps the melodrama is coming from those on the right that blame the government for all their problems. Or believe that Romney’s absurd promises actually have any basis in reality.

http://www.forbes.com/sites/cedricmuhammad/2012/08/26/romneys-12-million-new-jobs-in-4-years-not-by-great-recession-arithmetic/

bayam on October 25, 2012 at 10:25 AM

Gen.Powell you can endorse who ever you want to but please be honest.The only reason you are endorsing Obama is the color of his skin.You know it and i and the whole country knows it.

logman1 on October 25, 2012 at 10:25 AM

“That decision to go to war against Moammar Qaddafi — there is no other word for it”

Wrong. Actually, it was a “kinetic military action.” :)

MinnesotaSlinger on October 25, 2012 at 10:25 AM

Dope slap.

ironked on October 25, 2012 at 10:26 AM

The economy is growing as part of a recovery, but it’s a slow growth recovery as most economists expected in the wake the deleveraging that continues after a balance sheet recession. The right wing radio entertainers who claim that a robust recovery is possible after a massive economic crisis are incredibly ignorant.

bayam on October 25, 2012 at 9:57 AM

What is incredibly ignorant is someone who claims the economy is growing when we have YET to add enough jobs in a month to match that required for our growing population to maintain our current employment/population ratio!

dominigan on October 25, 2012 at 10:26 AM

Voter from WA State on October 25, 2012 at 10:21 AM: “…or he truly is racist and only voting on color of skin.”

Duh!

Except you don’t understand what “racist” really means in the 21st Century. It means White. And “anti-racist” means anti-White.

David Blue on October 25, 2012 at 10:26 AM

Who is bayam? He writes like the old cliche that “If you gave a monkey a typewriter and unlimited paper it could write a novel in a hundred years”. I read the WSJ and realize what its limitations are. Obviously you don’t. The article on new home sales increase said “In the last two years”. You moron, do you know what the new home market has done in the last two years? If you sell ONE new home when there was none sold the year before that is a 100% increase! WOW! So when they stated that new home sales are up 5.7% over the last two years that is bunch of new homes huh? I am embarrassed to reply to an intellectually challenged person but I couldn’t help myself. BTW, you must have loved the “Kiss on the mouth” story about Hillary this morning in the WSJ. You have to realize that it was in the Fantasy section and bears no resemblance to truth.

inspectorudy on October 25, 2012 at 10:27 AM

Powell thinks that Obama invented aircraft carriers

faraway on October 25, 2012 at 10:27 AM

Screw Colin Powell. Sad, pathetic little racist…

Pest on October 25, 2012 at 10:29 AM

Yes, the government restructured GM’s bankruptcy in order to preserve GM’s stability but in so doing the government ended up owning a quarter share of GM. At the expense of millions of private stock investors who got royally screwed out of their investments in the process.

You’re confused. It was the bondholder that right wing radio describes as royally screwed. Because you know,a fire sale of GM assets (buildings in Detroit and factories around the Midwest) near the bottom of a recession would have delivered a windfall.

Shareholders immediately lost everything when the company entered bankruptcy, which was inevitable.

bayam on October 25, 2012 at 10:30 AM

Turning to foreign policy, Powell said he saw “the president got us out of one war, start to get us out of a second war and did not get us into any new wars.

Except for Syria… which was done without the support of Congress, as an un-Constitutional Executive action.

dominigan on October 25, 2012 at 10:30 AM

Never trust a guy that’s named after a poop organ.

faraway on October 25, 2012 at 10:30 AM

Yawn.

stukinIL4now on October 25, 2012 at 10:32 AM

MinnesotaSlinger on October 25, 2012 at 10:25 AM: “Wrong. Actually, it was a “kinetic military action.” :)”

That’s right. We waged “kinetic military action” till we achieved “regime change”.

You have to understand the coded language.

David Blue on October 25, 2012 at 10:32 AM

Powell just likes Obama because he goes to the U.N. and lies about terrorist intel, too.

miles on October 25, 2012 at 10:34 AM

Our Affirmative Action General who spent his military life in Washington casts his vote for our Affirmative Action president.

Birds of a feather fly together.

TruthBeTold on October 25, 2012 at 10:34 AM

bayam,

How far have the values of the homes in your area fallen?

“Community Redevelopment Act”, passed by Democrats. Did that have an effect?

Call a mortage loan officer in your area, ask about how hard it is to get a borrower ok due to Dodd/Frank rules put in place by Obama and the Democrats.

Call a developer and ask how hard it is to get a new subdivision ok’d by the State, County, City Goverments and how much more the EPA reg’s have cost in lot prices for homes to be built.

When you next fill your gas tank understand the $1.50 per gal. price jump is all on Obama and the Earth First ruled Democrat party
plate due to the over regulation of the domestic energy industry.

The Democrat Party in fact is at war with poor people by each and every act they push as all of it ends up costing each American more to just live.

It will not stand even the people on the Democrat Party dole are catching on to the fraud.

APACHEWHOKNOWS on October 25, 2012 at 10:35 AM

Shareholders immediately lost everything when the company entered bankruptcy, which was inevitable.

bayam on October 25, 2012 at 10:30 AM

How much did the unions (you know, the reason why GM went bankrupt) lose in the deal? Oh right, not much because they mostly vote dimbocrap. Go somewhere else with your lies and frauds.

VegasRick on October 25, 2012 at 10:35 AM

ef’n mofo!

Sweet_Thang on October 25, 2012 at 10:37 AM

Lawrence on October 25, 2012 at 10:24 AM: “What this is, the Government dictating the actions of a private industry (even instituting their own leadership in that private company) parallels 1930′s-40′s Facism.”

Or African style kleptocracy, or Latin American “big man” corruption. Political support gives protection, the rule of law (for example, for secured bond-holders) means less.

David Blue on October 25, 2012 at 10:37 AM

Colin Powells never die, they just fade to black.

stillings on October 25, 2012 at 10:38 AM

Colin Powel Rationalizes his racism with a list of lies.

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 added, “The unemployment rate is too high, people are still hurting in housing but I see that we’re starting to raise up.”

Utter horse manure, sir.

I’ve been in the financial end of the housing sector for 35 years. You’re not even an Unusually Good Liar.

F-

Del Dolemonte on October 25, 2012 at 9:53 AM

Slightly OT, is there any truth to the “channel stuffing” reports I have seen that claim a nightmare level of foreclosures still waiting to get processed? ZeroHedge mentioned this, for example.

Sort of a shadow-shadow inventory situation.

dogsoldier on October 25, 2012 at 10:39 AM

Jaibones on October 25, 2012 at 9:36 AM

sooo how do you really feel?! ;)

Bradky on October 25, 2012 at 10:40 AM

He let Scooter Libby fry. Who stands by and let’s an innocent man go to jail?

Conan on October 25, 2012 at 9:58 AM

The kind of person who would endorse someone for President who stood by and did nothing while 4 Americans were under attack and ultimately died in Libya.

MissMagnolia on October 25, 2012 at 10:40 AM

Powell lied, and lied.

faraway on October 25, 2012 at 10:40 AM

Who is Colin Powell again?

Isn’t he one of those blacks that voted 96% for Obama?

I see no surprises here.

dockywocky on October 25, 2012 at 10:41 AM

Black is Black

Wade on October 25, 2012 at 9:53 AM

Even when it’s Black and White.

CorporatePiggy on October 25, 2012 at 10:42 AM

byam,

There would not have been a sale of any GM producing assets.

Only thing needed was a new management team and union contracts that allowed a profit.

All that took place was a payoff under the table to the union goon bosses who caused the problem to start with.

Now what you have is the same team of fools at the top building volts that will not sell and unions with wages the company can not pay and make a profit.

If you want the full commie way just say so.

Keep it simple.

APACHEWHOKNOWS on October 25, 2012 at 10:42 AM

Thank God Almighty he let Norman Shwarzkopf run the show.

sandbagger on October 25, 2012 at 10:42 AM

bayam on October 25, 2012 at 10:25 AM

How do the peanuts in Obama’s shit taste? You’ll eat anything that’s fed to you, won’t you?

Obama is going against all conventional wisdom.. with predictabally terrible results.

spinach.chin on October 25, 2012 at 10:43 AM

Hey Colin Powell, eff you.

WannabeAnglican on October 25, 2012 at 10:44 AM

He didn’t create any jobs either

Conservative4ev on October 25, 2012 at 10:44 AM

TruthBeTold on October 25, 2012 at 10:34 AM: “Our Affirmative Action General who spent his military life in Washington casts his vote for our Affirmative Action president.

Birds of a feather fly together.”

Of course they do.

But if Whites did that it would be “racism”. “Anti-racists” (this means anti-Whites) would condemn it, and there would be personal and professional consequences.

David Blue on October 25, 2012 at 10:45 AM

Wasn’t Powell the guy that stopped Desert Storm when we had Saddam on the run?

faraway on October 25, 2012 at 10:45 AM

Another lie from Bloomberg. Good call.

Americans bought new homes in September at the fastest pace in two years, another sign the industry whose decline was at the heart of the recession is bouncing back.
Sales climbed 5.7 percent to a 389,000 annual pace, the most since April 2010, following a revised 368,000 rate in August, figures from the Commerce Department showed today in Washington. The median estimate of 75 economists surveyed by Bloomberg called for an increase to 385,000.

bayam on October 25, 2012 at 9:59 AM

I am in the real estate and loan business. A new bubble is in the making thank to low inventory as result of 1) the banks holding on to their REOs, 2) Obama’s loan modification scheme.

People can stay in the house without paying up to 40 months now if their loan is owned by BoA. BoA also strings people along loan modification process for years. Other major banks are doing more loan modifications but most those getting approved in loan mod have their financial data cooked by profession loan modification people.

No, housing price has not reached bottom. It is still out of affordable range for most average citizens.

vnohara on October 25, 2012 at 10:46 AM

Colon Powell…….the guy that started his Army advancement by trying to whitewash the My Lai massacre and now he is trying to whitewash the miserable failure BO. Something’s never change.

David in ATL on October 25, 2012 at 10:49 AM

…and Colon thinks Big Bird should be appointed as chairbird of the Joint Chiefs of Staff.

Sweet_Thang on October 25, 2012 at 10:50 AM

I’m certainly not going to personally belittle a man who has served this nation almost his entire adult life

While it’s great that you appreciate and understand the sacrifices that he has made for our country, they do not automatically absolve him of being called out when he is wrong. His great military career and his political choices are separate issues. It is not disrespectful to attack him for decisions that are contrary to yours. After all, isn’t that part of the reason the military exists, to protect our way of life and have the freedom to disagree?

bandutski on October 25, 2012 at 10:53 AM

bayam,

On the new homes.
Take D.R. Horton LLC for example.
Largest builder in U.S. some say.

How does he do it?

Some say it is the fact he uses subcontractors who use huge numbers of illegal immigrant Mexican wage slaves.

In fact existing homes built back in the days when “American Middle Class (often Union) Workers” had the jobs those homes cost more in % of labor cost.

The large builders like D.R. Horton LLC, could not match the price of existings homes unless they threw the American workers off the jobs and use the $5.00 per hour (Democrat Party Open Borders) illegal immigrant wage slaves. Who do not pay any SS, do not have ins. do not pay the IRS. Fraud pure.

Horton etal via this crime now can under price Americans who can not sell their homes unless they match this Democrat Party enable price cutting.

APACHEWHOKNOWS on October 25, 2012 at 10:53 AM

Let’s not be melodramatic-other presidents have faced difficult economic situations, and have managed to fare much better than O has. How do you explain that other than incompetence?

And it’s amazing that you cannot comprehend the severity of the near collapse and continue the tired refrain that it was just another recession. Obama has outperformed the historical average when compared to similar crises.
http://www.businessinsider.com/us-bailout-success-2012-9

bayam on October 25, 2012 at 10:25 AM

Hogwash. Recovery was inevitable. If Obama had done nothing at all, the economy would be a lot stronger right now.

And that’s the real point of comparison to the Great Depression. Both were caused by the government blundering in and taking one lurching action after another to “fix” the economy. Both took what would have been short and sharp recession and turned them into multi-year downturns. The big difference between the Great Depression and now is that Obama isn’t going to have 4 terms as president to keep tinkering with the economy.

Businesses are holding their breath and their funds right now, afraid to spend any money for fear some new regulation or executive order will destroy some aspect of the business environment they depend on. If Romney is elected, the economy will boom from all that pent-up investment finally getting unleashed.

tom on October 25, 2012 at 10:55 AM

I am an immigrant. Actually my immigration was by way of refugee camp. I am neither black, white nor brown. I understand the non-white mentality which is the fruit of the chip we carry on our shoulders.

I spot Obama’s chip right away and for that reason would not vote for him.

I liked Powell but when he endorsed along the color line, he’s out of my book.

vnohara on October 25, 2012 at 10:56 AM

At one point this man would have had my vote and support for President. Guess we dodged a bullet on that one.

donkichi

Yup, thought Colon was a good man, along with Condi Rice and Patraeus (he doesn’t deserve the word “General” in front of his name anymore.

Condi Rice gave Hillary total cover last night on Greta…
“Yes, there are just so many facts to gather before rushing to judgement bs…”

Don’t know how these people sleep.

Typicalwhitewoman on October 25, 2012 at 10:56 AM

MaiDee on October 25, 2012 at 10:21 AM: “There are some similarities between Powell and Obama. 1 Both achieved high positions because of WHAT they were and not WHO they were. 2 They both advanced in an affirmative action environment which aided and abetted mediocrity. 3 People wanted them to succeed so badly that they turned a blind eye to obvious deficiencies.”

And let’s not forget that the Republican Party was ready to support Colin Powell en mass if he had chosen to go for the Presidency. The only people who would have hesitated are the pro-lifers, because he is pro-choice.

There is no door that hasn’t been open to Colin Powell, and no reward that has been denied to him, and all because of his race.

It wasn’t enough, which means nothing could be enough. Race is more important.

David Blue on October 25, 2012 at 10:57 AM

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