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Venezuelan Elections

Venezuelan President Hugo Chavez is facing what is being called the ‘toughest challenge of his political career,’ in his current re-election bid.

He is currently running against the much younger, Henrique Capriles Radonski.

When Radonski challenged Chavez to a debate earlier this year, the President mocked his opponent calling him a “fly” that wasn’t worth chasing.

As you know, Venezuela is one of the world’s largest producers of crude oil, so this election means a lot to the world, and especially to the United States.

The US has had a terrible relationship with Chavez over more than just the past decade.   With tensions being high between the countries, Chavez has openly allied himself with Iran’s President Mahmoud Ahmadinejad and supported other barbaric governments like the one currently ruling Syria.

Chavez has been in power for over 13 years, and at 58, has suffered many health issues.  It was believed only a few months ago that he was on his death bed due to cancer spreading throughout his body, but after multiple trips to Cuba and other countries, he seems to have been cured.

Several polls by state run television say that Chavez is ahead by double digit numbers, while other, more independent polls show that Radonski is up by a few points.

Both candidates believe they will be victorious in a few weeks, but  evidence seems to point to a win from Radonski, who gave an interesting speech to the military over the summer wherein he said that he would not change anything dealing with them if he were to be elected.

Who will win?  We will find out soon.   The one thing that is for certain is that this election will have direct consequences on many of the world’s economies.

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