Skip to comments.Chavez loses critical votes in Venezuela election
Posted on 11/24/2008 7:25:20 PM PST by Aussie Dasher
Venezuelan President Hugo Chavez has suffered a setback in regional elections, losing several key votes.
While Mr Chavez's broad coalition managed to hold on to most of the regional governors' positions, he did lose the most critical votes including the mayor of Caracas and the governorships of the country's two most populous states.
The mayor's job is often referred to as the second most important position in Venezuela.
While Mr Chavez's popularity remains high, he has never recovered from the surprising loss last year of his sweeping constitutional reforms.
He maintains he still wants to amend the country's constitution in order to run for re-election in 2012, but that now seems unlikely to pass.
The two states that voted against his coalition have almost half the population of Venezuela.
“What? You mean socialism does not work???? How can that be ??”
You know what is amazing? Many of the oil producing countries are socialist, or close to it (Middle East, Russia, Venezuela).
Oil wealth is as close to “free” money as you can get. Outside interests pay for the infrastructure development. All these governments need to do is stand back and wait. Then, they either tax the hoo-ha out of the oil or nationalize the industry.
And yet, all of these countries have poor populations. Every single one of them has the same poverty problem. Free money + socialism SHOULD equal prosperity for all, right?
It proves the fallacy of socialism. It creates more of a have/havenot state than capitalism. I’ve seen it in China. The rich vs. poor there is astounding compared to the US.
Endless recounts until he wins -- just like we do in the States.
He will be the next POTUS after he immigrates to America and does away with the Constitution and citizenship requirements.
Free Gubmint cheese and Ms. Venezuela does bachelor parties!!
Besides Jimmy, Chavez will call Bill Ayers and some of his WUO thugs. They really know how to control crowds and blow up things. What is Bernadine Dohrn doing these days? Getting a new passport?
“sweeping constitutional reforms.”
Coming to a nation near us.
Recounts that favor Al Franken?
Chavez is popular with the gutter rats in the poor neighborhoods cause he takes oil money and gives handouts to those poor.
Course if you are a hard working person with a business or profession you are being taken for a ride.
Time for Chavez to issue out the 200,000 AK 47’s?
“He maintains he still wants to amend the country’s constitution in order to run for re-election in 2012”
Why do I get the feeling Obama or the RATs in Congress will be wanting the same thing in two or four years?
What area of China have you been to? Most of China is rural and poverty is widespread while some are prospering in the free enterprise areas of the cities and the coast no?
Russia is far from socialism now. It is more akin to the wild west with one cowboy sheriff who has his hands in everything in the town. Pukey sits atop and doles out biz favors and collects like a mafia king.
“Ive seen it in China. The rich vs. poor there is astounding compared to the US.”
You can see it in US cities that practice socialism too.
Ven. set it’s budget for $100 per barrel of oil!
With oil where it stands right now, the time is getting shorter!
OPEC Basket $44.48 11/24
Venezuelan Basket: $40.68 11/21
11/24:BRENT IPE $53.93 NYMEX WTI $54.50
11/24: US$/VBOF:Parallel 5.05-buy 5.20-sell
11/25: 1 Euro:1.2842 US $ (1155 GMT )
Closing prices/ New Venezuelan currency: Venez.