Powell Endorses Obama - Powell Stands To Make Millions Off Deal

(Read the entire post as the first point outlines a few of the things Powell talked about Sunday when he endorsed Barack Obama for President)

On Sunday former Sectary of State Collin Powell announced he was going to support Barack Obama for President of the United States. He played out the usual Obama party line but did it with a little more flare.

He was critical of McCain as to not having a solid economic plan to help the middle class. However he never addressed or was asked how Obama’s tax rebate for the “middle class” did less then provide a large rebate check to those who do not pay any federal taxes currently.

He went on to be critical of McCain for the comment of some lady in a crowd that Obama was Muslin. In fact Powell went to get length to hammer this subject as though people within the McCain campaign had said such. He did not even acknowledge that McCain took the microphone from the lady and denied Obama was such.

Powell then moved on to the issue of people in Sarah Palin campaign rally crowd yelled “kill him” and “terrorist” in reference to Obama. This issue was first brought to the attention to the media and public via Obama campaign officials. Not one media outlet reported hearing such on the day it was suppose to have happened. In follow up investigation the Secret Service investagated the claims. They talked to their own agents attending the event that where scatter all over the crowd in their protection of Palin. The Secret Service also talked to police officers, civilian ushers, and others attending the event. NOT ONE OF THEM HEARD EITHER SET OF WORDS!

Of course this is the same guy that stood before the public, the UN, and Congress telling them that Iraq still had weapons of mass destruction. Many in the public, the UN, and Congress believed him. This turned out to be a lie. On Sunday Powell tried to pass this off on to some other members of President Bush’s staff.

Powell is the same person who first investigated the My Lai Massacre in Vietnam by US Soldiers. He issued a report that stated, “In direct refutation of this portrayal is the fact that relations between American soldiers and the Vietnamese people are excellent.” Further investagation proved Powell lied. In 2004 Powell, on the Larry King Show, pretty much stated this is just something that happens in war.

NOW FOR THE FINANCAIL WHORE

In 2005 Powell joined Kleiner Perkins Caufield & Byers, a venture capitol firm located near San Francisco, California. He joined and was given the newly-created position of "strategic limited partner." Which means to us poor saps is he brought no money to the fund but will be cut into the action, based on what he can do for them. Then in 2007 Al Gore joined the firm as a partner.

In April 2008 Kleiner Perkins Caufield & Byers announced they where trying to raise $400 million to invest in green technology to be used as venture capitol into start up companies. They pictured billion dollar payoffs from investments.

KPCB has publicized its plan to put as many as 50,000 electric cars on U.S. roads by late next year (2009) and would be produced just south of San Francisco. The venture will be called Think North America and be based in Menlo Park, California.

Obama has promised to provide tax cuts for people purchasing new electric cars. This would encourage people to purchase these cars. Also Obama has promised to cut to zero capitol gains tax made by companies in this kind of business for two years. Obama has offered other tax cuts for new start up companies like this one.

This company made billions of dollars by taking such companies like Netscape when sold to American On Line. It appears KPCB made just under one billion dollars. Another investment of KPCB was the $8 million invested and returned to them two billion on the sale of Cerent to Cisco Systems.

Powell is a two time self admitted liar and now can add financial whore to his resume. He just sold out the general public for his own financial wealth.