Mott the Hoople
Sweet Jane
The same conditions, values and views are still preseint in the Republican party of 2012. Nothing of significance has changed. Powell's logic and reasoning are still acurate and valid and unless there is a significant shift towards the center by the Republican party it will be these same reason as to why Obama will win re-election. I do not expect to see this shift in the Republican party. In fact, if 2010 was any indicator the party itself, even with a moderate candidate like Romney, is shifting even fruther to the right.
It's a crying shame that Mr. Powel did not run for President. I'm pretty sure I would have voted for him on either ticket. It also demonstrates just how bad it's gotten in the Republican party which has gone so far to the right that a man of Mr. Powell's talents and skills would not run in a race in which he would stand a very high probability of winning. I think it's about the most damning thing you can say about the direction the Republican party has taken.