September 27
In what is being cast as a referendum on President Hugo Chávez’s policies, Venezuela’s opposition coalition earned at least 61 of 165 National Assembly seats in Sunday’s parliamentary elections, denying the President the 2/3 majority needed to pass laws at will. Preliminary results also indicate that the MUD (Mesa de la Unidad Democrática) coalition won 52% of the popular vote.
“A new cycle begins today,” said Carlos Ocariz, the opposition mayor of Petare, a district that was once a Chávez stronghold. “Chávez’s rollercoaster is going down.”
Sunday’s results provide the opposition with significant momentum going into the 2012 presidential elections. President Chávez has seen his approval rating plummet to a low of 36 percent. His failed policies, including his unrelenting attacks on private property, have resulted in Venezuela’s woes – 30% inflation rate, recession, unemployment, electricity blackouts, and food shortages.
“This will change the political dynamics of Venezuela,” said Inter-American Dialogue President Michael Shifter. “It’s a respectable result which the opposition can build on for the 2012 presidential race. It shows they are back in the game and Chávez is vulnerable.”
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