He told CBS’ “This Morning” he respects fellow Republican Mitt Romney but thinks he’s been vague on many issues.
Powell said the president got the United States out of Iraq, has laid out a plan for leaving Afghanistan “and didn’t get us into any new wars.”
He praised Obama’s economic performance, saying, while difficult choices are ahead on taxes, spending and budgetary policies, “steadily, I think we’ve begun to come out of the dive and we’re gaining altitude.”
Obama later called Powell to thank him.
Powell, a retired general, was also a White House national security adviser and chairman of the Joint Chiefs of Staff.
Powell says he’s still a Republican.