Chavez Wins Fourth Term in Venezuela

Venezuelan President Hugo Chavez waves the national flag while celebrating from a balcony at Miraflores Palace in Caracas. (Photo: REUTERS/Jorge Silva)

Venezuelan President Hugo Chavez waves the national flag while celebrating from a balcony at Miraflores Palace in Caracas. (Photo: REUTERS/Jorge Silva)

Although several polls predicted a tight race, Chavez won easily. The National Electoral Council announced that the president had topped Capriles by nearly 10 percentage points. Capriles quickly accepted the result and congratulated Chavez.

The news sparked celebrations across the country for what was an especially sweet victory for Chavez. The president has been undergoing treatment for cancer and the illness forced him to campaign at half-speed. He also had to win over voters amid rising crime, high inflation and rolling blackouts.

But many Venezuelans opted to stick with Chavez, who has funneled billions of oil profits into social programs that cut poverty in half.

“Many people do love him. It’s a fact,” said Max Vasquez, a businessman in the western city of San Cristobal.

He said Chavez draws support from many impoverished Venezuelans who view the president as a surrogate father.

“There are a large number of people in Venezuela who don’t have the father figure in their homes. So that father figure that everyone needs, many of them found it in Chavez. You know the strong person, who has a strong will and a voice of command,” Vasquez said.

In his victory speech, Chavez said he intends to deepen the country’s socialist revolution.

“Venezuela will never go back to the neo-liberal economic policies of the past,” Chavez told a huge crowd in Caracas. “Venezuela will continue down the path towards 21st century socialism.”

In San Cristobal, the prospect of six more years of Chavez has many in the opposition deeply worried.

“We are going to get more of the same medicine,” said Cesar Perez, governor of surrounding Tachira state and a fierce Chavez critic. “We will see more authoritarianism, more state intervention in the economy, more human rights violations and more problems for the private sector.”

Yet it’s unclear whether Chavez will be healthy enough to administer that medicine.

Venezuela’s Constitution calls for a new election if a president dies during the first four years of the term. If a president dies during the last two years, the vice president would finish the term. But Chavez has not named a vice president.

Many of the president’s supporters refuse to speculate about a Venezuela without Chavez.

Estrella Uribe, who works for the Chavez campaign in San Cristobal, said Chavez’s desire to help the people has given the president the will to live. She said the people will stick with him until the very end.

For the opposition, there will be little time to lick the wounds from Sunday’s defeat. Over the next six months, Venezuelans will vote for governors and mayors. These elections are important because Chavez loyalists control all branches of the federal government.

Daniel Ceballos, a state lawmaker in Tachira, points out that in past elections, opposition candidates have done well at the state and local level. So, even though Chavez crushed Capriles on Sunday, he said, it’s not the end of the world.

Discussion

3 comments for “Chavez Wins Fourth Term in Venezuela”

  • RogelioC

    In spite of the
    tragic loss of liberty for many Venezueleans as Chavez moves the country towards his final goal of making Cuba a communist state where the government owns everything and private property is only a memory, those Venezuelans who live abroad are free to do so with relative freedom from
    the repression those back home suffer.

    For example, they
    do not have to renounce their Venezuelan citizenship in order to be able to
    survive living outside of Venezuela. Their Venezuelan citizenship remains intact
    even though they live permanently or temporarily outside of Venezuela. They pay
    taxes to the country where they now live but are not subject to the Venezuelan
    taxation on their incomes they receive while living, working or are retired
    abroad and do not have to file income tax returns with Venezuelan tax
    authorities if they are bona-fide residents of another country.

    Unlike US citizens who live abroad, they do not have to
    provide their home-country tax authorities with annual reports of the bank accounts
    they have in the country where they live. And they do not have to
    spend thousands of dollars for professional tax assistance in order to complete
    and file a complex equivalent to the US FATCA tax form reporting on all their
    financial holdings, retirement accounts, pensions, the actuarial value of future
    foreign social security benefits, brokerage accounts, etc. to Venezuelan tax
    authorities.

    And they are not
    prevented by local banks where they now live from opening or maintaining bank
    accounts because foreign banks which have accounts held by Venezuelan
    citizens are are not required to file annual reports on each of these accounts
    with Venezuela’s tax authorities or be subject to a withholding tax on money
    transfers from Venezuela. Such transfers from Venezuela are not even permitted.

    They can make return visits to to their families
    back in Venezuela without fear that they will be arrested and punished when they
    step off a plane in Caracas for failing to have filed letter-perfect tax
    returns, FBAR or FATCA reports on their non-Venezuelan source income or from
    assets outside of the country.

    So even though they do not enjoy many of the
    liberties enjoyed by US citizens, there are certain liberties, described above,
    which they do enjoy which Americans who live in a different country no longer
    have.

    • Just_Me_Also

      It is sad to think, that Venezuelan’s life abroad is more free than Americans who live abroad. I think Roger sums up the situation well. FATCA is turning American’s into pariahs, and Venezuelans have no such worries. Neither do they have to file FBARs back to Hugo, or submit tax returns. If they are living in America, they can open an account in American bank, without worrying that their bank will send their bank account data to Hugo, so he can tax them where they live. But America is exceptional, and with that comes the exceptionally long arm reach of the IRS. It knows no boundaries. It has no limits. Even Chavez knows his power ends at his border.

      • LongShortman

        I can attest to what Rogelio and JustMe have written. My Venezuelan-born wife is much freer than I, an American, am living abroad. We both live and work in Europe. As a Venezuelan, she has had no issues in working with banks here, to the extent that my name is not also on the account. I, on the other hand, have been politely chased out of two banks this year due to a new US law called “FATCA”, although I am 100% US tax compliant. European banks just don’t want the bother and risk of having to comply with an extra-territorial US law and so it is easiest to boot out anyone with US citizenship. To simplify my life, I plan to renounce my US citizenship in the coming months. So much for the blah, blah of “land of the free”.