President Hugo Chavez suffered a stunning defeat Monday in a referendum that would have let him run for re-election indefinitely and impose a socialist system in this major U.S. oil provider.
Voters defeated the sweeping measures Sunday by a vote of 51 percent to 49 percent, said Tibisay Lucena, chief of the National Electoral Council, with voter turnout at just 56 percent. Read More.
Monday, December 03, 2007
Venezuela's Chavez Defeated in Bid for Indefinite Re-Election, Sweeping Reform
This is a big deal. It now remains to be seen how he (Chavez) will react in the long run.
Posted by Ron Ballew at 12/03/2007