Chávez's victory last night gives him another six-year term, frustrating opponents who say his policies and management style have squandered the country's biggest-ever oil boom.
Venezuelan President Hugo Chávez won a mandate to stay in office for another six years, giving him and his allies a chance to consolidate the "Bolivarian 21st-century Socialism" that they have promoted for the past 14 years.
Mr. Chávez's campaign vowed to keep his policies on their present course. It's a path that frustrates opponents, who say his policies and management style have squandered the country's biggest-ever oil boom on unfinished projects, wasteful sole-source contracts, and aid to other countries. But the status quo is just fine with many Chávez supporters celebrating in the street.
"This reaffirms the revolutionary process in Venezuela," says Blanca Paredes, a self-employed dessert-maker, at a spontaneous street party in the overwhelmingly anti-Chávez borough of Chacao. "I want to see continuation of the housing policies, the inclusion of the poor, youth employment, and also policies that limit crime." She quibbled with some policies, like currency controls, but says Chávez is on the right track.
In the lead-up to the election, the government committed itself to building millions of new homes, among other expanded social programs. The challenge will now be to fulfill these promises, as the country faces many demands on its checkbook. It has been advancing the development of the Orinoco Belt, the world's biggest oil deposit. That will cost $250 billion over the next six years, the state oil company says.
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