Colin Powell's political career ended when he allowed the Bushistas to nail him to the wall in an ill-conceived presentation to the U.N. using information which he knew, or to be charitable - later discovered perhaps, to be incorrect. I have no doubt that it was made quite clear to him that his choices were limited, once he did find out the information was bad and that he'd been made a fool and a tool for Bush. He knew quite well what happens to those who resign from the Bush administration in anything other than a "dignified" retirement. They are trashed and vilified and denegrated in the media by Rove's little pack of dogs. And veteran status, no matter how honorable, doesn't stop them from the lies. Look at what happened to former Senator Max Cleland. Man lost both legs and an arm in Vietnam, and yet the Repugs trashed his character in campaign ads, painting him as a terrorist sympathizer.
Powell isn't stupid.
He can't run as a Democrat. The Republicans would trash him viciously, and things that might not be so palatable from his tenure in the State Department would be "leaked" by the Rove machine. And most Democrats would focus on his little speech before the U.N. with the slides and the rhetoric and the blatantly false information.
I think he certainly won't run as a Republican. He's seen the inside of the beast now. As soon as he could, he left. As I pointed out above, he couldn't quit immediately without risking being Swift-boated. So he waited for the end of the term, which was close anyway. Powell isn't talking; but his former chief of staff Lt. Col Wilkerson is talking. And he has lots of interesting things to say. Look him up on the web and read what he has to say that Powell won't say. Considering what Wilkerson is saying, the Republicans won't let Powell anywhere near a ticket spot.
And he is certainly smart enough to realize that a third party ticket in this two-party system is a losing proposition. No, Powell's career in politics is over. Interestingly, he was hspitalized overnight for what appears to be a bad reaction to food or altitude, at a conference in Aspen. He fell ill while having dinner with Bill Clinton. I seriously doubt he'll ever be seen having with Bush.

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