Posted on 06/05/2006 12:48:40 PM PDT by oldleft
LIMA, PERU – Peruvian voters elected leftist leader Alan García to a five-year term on Sunday, returning the former president to office 16 years after his first stint.
It is a tough defeat for Ollanta Humala, the populist candidate who won the first round less than two months ago. But it is also a blow to Venezuelan leader and US nemesis Hugo Chávez, who openly backed Mr. Humala. In his election-night address, Mr. García said the result is "a defeat for the expansionist efforts of [Mr. Chávez]. Peru's democracy said 'no' to him."
García's "rhetorical challenges to Hugo Chávez are very welcome to a US government that would very much like allies in the region against Chávez," says Cynthia McClintock, a professor at George Washington University in Washington and specialist on Peru.
(Excerpt) Read more at csmonitor.com ...
Looks like things may be turning around for the better down south.
Anything that deters Chavez should be a good thing.
well wait and see where the n. sol is trading in a few years. Wasn't garcia the one who oversaw the mind-boggling inflation some time back?
Excellent :)
The way our hateful liberal media was spinning the Peru elections last night you would think that the anti-US left wing socialist won the elections in Peru, where in reality it is the opposite. They simply cannot get or say it right these morons, can they?
Could be. But better that than Chavez' craziness. I'm convinced he's behind all the trouble we're having in Nuevo Laredo, even if it's indirectly...
Gosh dern it, now what's Cindy, Harry, and all the others who dearly loved Chavez gonna do with their time...
How long until Jimmy carter declares that he and his buddy Chavez were robbed?
Oh, that's ok. Hugo has a Hollywood movie in the works.
Hughie good news ping.
Alan garcia was president of peru from 85-90. the currency info is from wikipedia...in spending power i think this is probably more like a 99.9999% loss of buying power of the 1985 currency rather than the implied 99.9999999%. the guy is an economic basket case.
Peru
Peru went through the worst inflation from 1984 to 1990. The highest denomination in 1984 was 50,000 soles de oro. By 1985, it was 500,000 soles de oro. In the 1985 currency reform, 1 intis was exchanged for 1000 soles de oro. In 1986, the highest denomination was 1,000 intis. It was 5,000,000 intis by 1990. In the 1991 currency reform, 1 nuevo sol was exchanged for 1,000,000 intis. The overall impact of hyperinflation: 1 nuevo sol = 1,000,000,000 pre 1985 soles de oro.
My how things have changed when a leftist leader gets elected, and it's a good thing.
That's mind boggling. It reminds me of a poster I read long ago who could 'prove' that currency is unconstitutional.
Wasn't Carville and Begalla working for Humala?
a better one is argentina up until the introduction of the dollar-pegged peso (no longer pegged). I did the calc., and it was something like 10 trillion 1970 pesos to 1 new one, with several currency changes over the years.
So he is a leftist leader. Why was crazy Chavez against him? I am confused on this one.
Mr. García said the result is "a defeat for the expansionist efforts of [Mr. Chávez]. Peru's democracy said 'no' to him."
Surprising that even the winner would give Chavez credit for the result. Chavez must really have PO'ed the Peruvians.
The Lula clone got elected.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.