Monday, 8 October 2012

Victory Tightens Chávez Grip on Power - Wall Street Journal [getdailynow.blogspot.com]

Victory Tightens Chávez Grip on Power - Wall Street Journal [getdailynow.blogspot.com]

this is my friend after she got her wisdom teeth removed...the drugs may have been a little strong "who's in the house?" "I feel like a unicorn just took me on a ride to a magical palace, to the land of the blueberries. And we eat onions all day...mushrooms... sometimes if were lucky we get papaya. He flies me around and I hang on to the unIcorn, and we float away to the land of the ease... and we float float float... who's in the house? JC! tell me who's in the house? JC! He was born to a virgin named Mary on Christmas day, he bled and he just died on the cross to take sin away, you take him high, you take him low, you take JC wherever you go, now tell me who who who who who tell me who's in the house? JC! Tell me who's in the house? JC! Jesus Christ is in the house today. Are you okay? Are you okay?! I'm Okay. I'm just (gibberish) gospel. You got a mouth full of cotton. I'm so thirsty. It's peculiar. It's quite peculiar! ...

Unicorn After Wisdom Teeth

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AP

People walk past a mural depicting Venezuela's President Hugo Chavez in Caracas, Monday.

CARACASâ€"President Hugo Chávez's decisive victory in presidential elections has convinced many Venezuelans in the opposition that only a turn for the worse in the ailing president's health or a sharp drop in oil prices will ever get the charismatic leader out of office.

Mr. Chávez, 58, won his third re-election by a margin of 9 percentage points over opposition candidate Henrique Capriles, a young state governor who ran a dynamic campaign that temporarily gave the opposition hope it could unseat the president.

Mr. Chávez, who has battled an undisclosed type of cancer for much of the past two years, won all but two of the country's 24 states, including Mr. Capriles' home state of Miranda, in an election that boasted a record turnout of 81% of registered voters.

The win allows Mr. Chávez to press ahead with his Socialist revolution, deepening government intervention in the economy, including price controls and nationalizations. He is also likely to continue his role as the leading voice against U.S. interests in the region, deepening alliances with everyone from Tehran to Beijing.

Venezuelans voted in a closely fought presidential election that gave Chávez six more years in power to deepen his Socialist revolution in the oil-rich country. Photo: Getty Images.

"This has been a perfect battle, a democratic battle," Mr. Chávez, a former tank commander who first achieved national prominence as one of the leaders of a failed coup in 1992, told thousands of redshirted supporters following the victory.

Mr. Chávez will probably continue sending larger amounts of the country's crude oil to China instead of the U.S., and keep using oil for political and strategic aims, like funding Cuba's Communist government.

Elected president in 1998, Mr. Chávez has dominated Venezuelan politics ever since using billions from high international oil prices on ambitious social programs which provide everything from subsidized foods to free apartments to Venezuela's majority poor. His victory was proof, if any was needed, that he retains a huge base of support, especially among the country's poor.

"I'm very happy that Chávez won," said Yamely Duarte, 28, a maid with three children who was left widowed three years ago when her husband was killed in a robbery attempt. "He's done a lot of things for the people." In Ms. Duarte's case, she is on a list to get a new apartment because her house is built over a stream, in an unstable zone.

Financed in part with a $ 40 billion revolving loan from China paid for by Venezuelan oil, Mr. Chávez has accelerated government spending, especially on housing. All over Caracas, construction workers are building squat apartment blocks, which are draped with enormous billboards of Mr. Chávez touting the benefits of his revolution.

Mr. Chávez also had some enormous advantages during the campaign that no doubt helped his vote tally. His government has broad control over the country's television airwaves, and used its reach to tell the poor that their social programs would be taken away if the opposition wonâ€"despite Mr. Capriles' pledges that he would keep the programs intact and even add a few new ones.

"Victory went to the poor and their fears, fears of doing without the handouts from the great Bolivarian Benefactor State," wrote Raul Benitez, a Mexican political analyst, on a regional political website. "That was a decisive factor."

The scope of Mr. Chávez' victory was devastating to his opposition, which grew to believe during the campaign that their man would prevail. Some wondered whether the unified opposition might fracture ahead of key legislative and gubernatorial elections in December.

"Maybe we have reached the hour of realizing that this country doesn't belong to us, or that we don't belong to it," wrote Venezuelan writer Manuel Silva in a blog, Noticias24, expressing a widely felt sentiment.

But as the campaign showed, the opposition has reason to hope.

For starters, Mr. Capriles emerged as the first formidable foe to Mr. Chávez in the past 14 years, someone who also wants to woo the poor. Mr. Capriles ran by all accounts a capable campaign, and he is just 40 years oldâ€"far younger than the ailing president, 58.

In his victory speech, Mr. Chávez didn't gloat as is his custom. Rather, he congratulated the opposition for having boosted its vote tally by several million votes, even as Mr. Chavez only added a few hundred thousand to his 2006 totals.

Mr. Chávez also can't become entirely distracted by his role on the global stage, and needs to focus more on growing problems at home, including economic imbalances like high inflation, crumbling infrastructure like the electricity grid, and among the world's highest rates of violent crime.

Given a lack of outside private investment, Venezuela's crude output is likely to shrink by 2015 to 2.52 million barrels of oil a day versus 2.62 million at the moment, investment bank J.P. Morgan said in a note Monday.

Investors sold off Venezuelan sovereign debt Monday, although analysts said trading was muted due to a bond market holiday in New York. During the Chávez years, the government has piled on debt, despite high oil prices.

Mr. Chávez acknowledged last week that he had "spent time focusing on the big strategy .... Now, it is time to pay more attention to the details."

Write to Jose de Cordoba at jose.decordoba@wsj.com and Sara Munoz at Sara.Munoz@wsj.com

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