[impeachedrapist]

The only basis I know of was some off-the-cuff comment by Bill Kristol, who also famously predicted that Powell would speak at the Democratic convention.

Bob Novak was also predicting a Powell endorsement of Obama around the Dem convention. (I DID just see this again while searching for my phantom quote!) :)

[MDspinboyredux]

I think we should all wait and see what Powell actually says before passing judgement on him.

[kesg]

One thing bothers me about this. If Powell was ready to endorse a few months ago, his campaign might have asked him to hold off for a few months. It is now a few months later.

And I disagree with all the people here who think that a Powell endorsement won’t mean anything. It will mean a good deal to the squishy middle voters, especially those who are still very nervous about Obama’s ability to handle foreign policy issues. And likewise, a Powell endorsement of McCain will have a positive, opposite effect on these same voters. Not a game-changer effect or anything like that, I’m just sayin’.