The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
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Wednesday, May 28, 2008


I am still trying to make sense of the most recent poll by Datanalisis. All I have seen is what El Universal published yesterday, but the message as far as the data available there seems to be that the Venezuelan electorate is looking for someone and has yet to find it.

It certainly does not give much comfort to see that when people are asked whether they are pro-Government, opposition or neither, 27.6% still say they are pro-Chavez, only 18.7% say they are pro-opposition and a huge 46% of the people polled say they are neither. And if I am reading the poll correctly, the people in this 46% later prove they are neither in their answers to other questions.

Some may be happy about the fact that Chavez’ popularity has never been as low as the current level since 2003, when it reached 23.6%, but lately I have been unnerved by the oppositions cavalier assumption that they will be the recipients of Chavez’ loss of popularity and the numbers seem to bear me out.

Because the opposition has barely gone up either at a scant 18.7% of the popular support (7.7% did not answer) and when one examines the other questions presented by El Universal, it is clear that those in the middle support neither and while they disagree with Chavez’ positions, they also disagree with what some may consider to be anti-Chavez positions, to wit:

---When asked whether they agreed with a socialist educational system, 66.4% of those that support neither side said they were against it, a clearly anti-Government position. But when the same group was asked whether they thought the Venezuelan Government collaborated with the FARC, 61% of those that support neither side disagreed with this, clearly showing a position much different than what many in the opposition believe, showing that the Government’s explanations have satisfied many. In fact, 24% of those that consider themselves opposition believe that Chavez’ Government has not collaborated with the FARC.

---Similarly, a full 28.6% of those that support neither side would agree with shutting down Globovision, something people in the opposition would abhor. At the same time Chavez can’t feel great about the fact that 76.4% of those that support neither side do not believe the FARC should be recognized as a political movement and not as a terrorist group.

Thus, people seem to be looking for leadership and while rejection to Chavez’ is stronger, it is no sure bet that they ill automatically turn over their preference to the opposition candidates as many seem to think.

Perhaps the only comforting number in the whole poll is that a full 30% of the people blame Chavez for our current problems and barely 5% blame the opposition.

In looking at all these numbers one has to remember that not only did Chavez lose the December referendum, but during the first four months of the year he has brought about a new and more conservative economic policy where growth has been sacrificed in order to contain inflation. Clearly, this policy can not be very popular and it seems it would be a given that Government spending will increase sharply in the second half of the year. With oil (WTI) flirting with US$ 130 a barrel, Chavez certainly has the ability to generate a lot of positive goodwill among the voters.

It happened in 2003 and it may certainly happen again particularly if the opposition minimizes the ability of Chavez and his Government to turn his popularity around.


8:18:47 PM    comment []



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