This morning on NBC’s “Meet the Press,” former Secretary of State Colin Powell crossed party lines to endorse Barack Obama for president. Powell specifically cited Senator Obama’s handling of the current financial crisis as one of the reasons for his endorsement, and commended Obama for providing “a more inclusive, broader reach into the needs and aspirations of our people.”

From the transcript:

So when I look at all of this and I think back to my Army career. We’ve got two individuals, either one of them could be a good president. But which is the president that we need now? Which is the individual that serves the needs of the nation for the next period of time? And I come to the conclusion that because of his ability to inspire, because of the inclusive nature of his campaign, because he is reaching out all across America, because of who he is and his rhetorical abilities – and we have to take that into account – as well as his substance. He has both style and substance. He has met the standard of being a successful president, being an exceptional president. I think he is a transformational figure. He is a new generation coming in to the world, on to the world stage, on to the American stage. And for that reason, I’ll be voting for Senator Barack Obama.