Chavez wins another 6-year Venezuela term
Source: Agencies |
October 9, 2012, Tuesday
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VENEZUELAN President Hugo Chavez scored a comfortable election victory that could extend his rule to 20 years and vowed to deepen his self-styled socialist revolution.
Tens of thousands of ecstatic supporters thronged the streets around the presidential palace in downtown Caracas, pumping fists in the air and shouting Chavez's name after the former soldier beat opposition candidate Henrique Capriles by more than 9 percentage points.
The new six-year term will let Chavez consolidate his control over Venezuela's economy by extending a wave of nationalizations and continue his support for left-wing allies in Latin America and around the world.
"Truthfully, this has been the perfect battle, a democratic battle," Chavez thundered from the balcony of the presidential palace on Sunday, waving a replica of the sword of independence hero Simon Bolivar.
"Venezuela will continue along the path of democratic and Bolivarian socialism of the 21st century."
It was an extraordinary victory for a leader who just a few months ago feared for his life as he struggled to recover from cancer.
He won 54.4 percent of the vote, with 90 percent of the ballots counted, compared with 45 percent for Capriles.
Supporters dripping with sweat strained to catch a glimpse of Chavez from the street below the palace while dancing and drinking rum.
The victory was considerably slimmer than his win by 25 percentage points in 2006, reflecting a growing frustration at his failure to fix basic problems such as crime, blackouts and corruption.
In a nod to those complaints, Chavez said he would be more efficient in his new term beginning on January 10.
"Today we start a new cycle of government, in which we are obliged to respond with greater efficacy and efficiency to the needs of our people," said Chavez. "I promise you I'll be a better president."
A retired lieutenant colonel who first won fame with a failed 1992 coup, Chavez has become Latin America's principal anti-US agitator, criticizing Washington while getting close to United States adversaries, including Cuba and Iran.
A decade-long oil boom has given him tens of billions of dollars for social investments that range from free health clinics to newly-built apartment complexes, helping him build a strong following among the poor.
Chavez may launch nationalizations in some largely untouched corners of the economy, including the banking, food and health industries. He took advantage of his landslide win in 2006 to order takeovers in the telecoms, electricity and oil sectors.
Opposition leaders appeared crushed by the loss.
It followed nearly a month of euphoria as Capriles, 40, polished his stump speeches, held increasingly fervent rallies and appeared be to gaining ground in the polls.
The youthful state governor put on a brave face, celebrating his "house-by-house" campaign as the start of a long road to changing the direction of the country.
He and other leaders of the Democratic Unity coalition must now prepare for state governorship elections in December, when they will hope at least to increase the opposition's influence at the local level.
The election result is likely to prompt a sell-off in Venezuelan bonds, which have jumped in recent weeks on Wall Street optimism about a possible Capriles win.
Relations with Washington are also likely to remain on edge, though Venezuelan oil has continued to flow to the US over the years despite the diplomatic tension.
Tens of thousands of ecstatic supporters thronged the streets around the presidential palace in downtown Caracas, pumping fists in the air and shouting Chavez's name after the former soldier beat opposition candidate Henrique Capriles by more than 9 percentage points.
The new six-year term will let Chavez consolidate his control over Venezuela's economy by extending a wave of nationalizations and continue his support for left-wing allies in Latin America and around the world.
"Truthfully, this has been the perfect battle, a democratic battle," Chavez thundered from the balcony of the presidential palace on Sunday, waving a replica of the sword of independence hero Simon Bolivar.
"Venezuela will continue along the path of democratic and Bolivarian socialism of the 21st century."
It was an extraordinary victory for a leader who just a few months ago feared for his life as he struggled to recover from cancer.
He won 54.4 percent of the vote, with 90 percent of the ballots counted, compared with 45 percent for Capriles.
Supporters dripping with sweat strained to catch a glimpse of Chavez from the street below the palace while dancing and drinking rum.
The victory was considerably slimmer than his win by 25 percentage points in 2006, reflecting a growing frustration at his failure to fix basic problems such as crime, blackouts and corruption.
In a nod to those complaints, Chavez said he would be more efficient in his new term beginning on January 10.
"Today we start a new cycle of government, in which we are obliged to respond with greater efficacy and efficiency to the needs of our people," said Chavez. "I promise you I'll be a better president."
A retired lieutenant colonel who first won fame with a failed 1992 coup, Chavez has become Latin America's principal anti-US agitator, criticizing Washington while getting close to United States adversaries, including Cuba and Iran.
A decade-long oil boom has given him tens of billions of dollars for social investments that range from free health clinics to newly-built apartment complexes, helping him build a strong following among the poor.
Chavez may launch nationalizations in some largely untouched corners of the economy, including the banking, food and health industries. He took advantage of his landslide win in 2006 to order takeovers in the telecoms, electricity and oil sectors.
Opposition leaders appeared crushed by the loss.
It followed nearly a month of euphoria as Capriles, 40, polished his stump speeches, held increasingly fervent rallies and appeared be to gaining ground in the polls.
The youthful state governor put on a brave face, celebrating his "house-by-house" campaign as the start of a long road to changing the direction of the country.
He and other leaders of the Democratic Unity coalition must now prepare for state governorship elections in December, when they will hope at least to increase the opposition's influence at the local level.
The election result is likely to prompt a sell-off in Venezuelan bonds, which have jumped in recent weeks on Wall Street optimism about a possible Capriles win.
Relations with Washington are also likely to remain on edge, though Venezuelan oil has continued to flow to the US over the years despite the diplomatic tension.
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