Economy weighs on voters ahead of Venezuelan election

Reuters 2012-10-04

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As Hugo Chavez faces the toughest presidential election of his political career, the government is unleashing a flood of state spending to win over undecided voters.

This comes from a President who has nationalized companies like the French-Colombian owned supermarket Exito with a promise of relief for consumers.

(SOUNDBITE) (Spanish) PRESIDENT HUGO CHAVEZ SAYING:

"We have expropriated, right? The belongings, properties, deposits, transport and the constructional improvements that make up the supermarket chain [have been] nationalized."

But with inflation sometimes hitting more than 25 percent, some feel that government measures have done little to help their wallets.

(SOUNDBITE) (Spanish) CARACAS RESIDENT MARIELA GONZALEZ SAYING:

"Everyday you go and buy something and today you buy it at one price, tomorrow at another. You have to walk a lot just to be able to find a more or less good price."

Opposition candidate Henrique Capriles is promising to change all that vowing -- to end the vision of a state-led economy.

Most polls have Chavez in the lead.

But the opposition leader has had more momentum in the final days of the campaign and is confidently predicting victory.

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