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General Powell was one of the great men of his age.  He could have been President. 

He made one serious mistake in his career and it tarnished his reputation.  Every single comment on his life will mention it. 

These are my thoughts. 

Note:  Factual error. Sorry about that.   It was 1996 that General Powell announced that he would not be a candidate.  He had appeared ready to declare but then he backed off.  He would have been running against Bill Clinton who was trying for his second term.    Apart from Alma's doubts, there is no clear explanation for his decision.