President Hugo Chavez Wins Reelection in Venezuela: The US/West Loses Again

CARACAS, VENEZUELA — President Hugo Chavez won re-election on Sunday, defeating challenger Henrique Capriles, Venezuela’s electoral council said. With most votes counted, Chavez had more than 54 percent of the vote, and Capriles had 45 percent, National Electoral Council president Tibisay Lucena said. She said 81 percent of the nearly 19 million registered voters cast ballots. It was Chavez’s third re-election victory in nearly 14 years in office. The victory gives Chavez another six-year term to cement his legacy and press more forcefully for a transition to socialism in the country with the world’s largest proven oil reserves. Fireworks exploded in downtown Caracas, and Chavez’s supporters celebrated waving flags and jumping for joy outside the presidential palace. Chavez won more than 7.4 million votes, beating Capriles by more than 1.2 million votes, Lucena said.

VIDEO: France Downgrade Dashes Sarkozy Re-election Hopes

[anyplayer:url=] The axe has finally fallen on France’s AAA credit rating, and it many believe it will signal the end of the Sarkozy era in France. The president’s approval ratings have hovered around 30 percent…