Excerpt
RAY SUAREZ (Newshour): It's being billed as a battle between David and Goliath. Known as 7-0 for the 7th of October, when Venezuelans head to the polls, the election marks a watershed moment for the world's second-largest oil-producing nation and a critical supplier of crude oil to the U.S., its number one customer.
Towering above the race is incumbent President Hugo Chavez.
PRESIDENT HUGO CHAVEZ, Venezuela (through translator): We will raze the competition on Sunday the 7th. No one should have the smallest doubt.
RAY SUAREZ: And with him, legions of red-shirted supporters known as Chavistas from the United Socialist Party.
RAMON PINO, agriculture union leader (through translator): Starting on October 8, we social organizations are going to join the president to make radical changes to this country, so we can impose the revolution, and finally have a socialist system firmly set in Venezuela.
RAY SUAREZ: Through three U.S. administrations, the 58-year-old Chavez has shown remarkable staying power, surviving a coup that briefly deposed him, a constitution that term-limited him out of office, And for more than a year, his battle with cancer, all while openly antagonizing the United States, as he's cozied up to the world's most isolated regimes.
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