Colin Powell endorses Barack Obama

| 20 October 2008 11:26

Yesterday, former U.S. Secretary of State Colin Powell, a Republican, endorsed Democratic candidate Barack Obama for President despite long-standing support for John McCain. While I agree with the reasoning in many of the statements he made as to why he has endorsed Obama instead of McCain, it is unclear what, if any, impact this will have on the U.S. Presidential election.

Given Powell’s stature in U.S. politics, it can only help Obama and hurt McCain. As for his statements themselves, please see the 7-minute YouTube video below.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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