Hugo Chavez to try to remove term limits on his office

Seattle Times, Bloomberg

Venezuela's president, Hugo Chavez, recently won reelection with 63% of the vote, giving him his second, and under Venezuela's current constitution final, six year term in office.

But that's not good enough for him. He's following through with his pre-election threat: He is now moving to remove term limits from Venezuela's constitution so that he can be reelected continuously.

I don't care whether you're left, right, up, down, or center; screwing with your country's constitution to suit your needs once in power is an idiot, power-grabbing thing to do, especially when done as a step towards implementing a failed economic and political system. His efforts are failing already, if a move to devalue the bolivar again is any indication. When you have to actually make a law banning your citizens from buying foreign currency to prevent outflow of capital, then maybe it's time to rethink your economic situation.