Colin Powell

Does the Colin Powell endorsement matter? Yes. There are two reasons. The less important reason is that there are 7 undecided voters left in America and they will probably break 5-2 for Obama now. The more important reason is that there are just 16 days left until Election Day. McCain needs to change the dynamic of the race and, to do that, he needs to get people to listen to him. But, for the next 24-48 hours, the story will be 1) Powell's endorsement including clips of him saying how disappointed he is in McCain's campaign and 2) Obama's insane fundraising haul.

Failing to get his message through that story means another lost day or two at a minimum for McCain.

In case you missed it, here is Powell's endorsement on Meet the Press:



And here is what Powell had to say to reporters afterwards: