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...this year, Chávez saw plummeting oil prices threaten to undermine his socialist revolution, which has enfranchised Venezuela's poor but has also raised fears about authoritarian rule. Chávez rushed through a constitutional referendum last February that lets him run for re-election indefinitely. Fernández's midterm defeat, says Corrales, may have leaders like Chávez "asking if they should ease up on their ideological hard line or ramp it up to neutralize opponents before it's too late." In Honduras, a coup on the day of the Argentine vote forced leftist President Manuel...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

...Fernández, like her husband and their left-wing ally President Hugo Chávez of Venezuela, is a combative populist who critics say is too dismissive of the legislative and judicial branches, which are still weak institutions in Latin America. Her Sunday setback "indicates that Latin America's hyperpresidentialist project, which was fueled by the economic boom, faces walls and obstacles now," says Javier Corrales, a Latin America expert who teaches political science at Amherst College in Massachusetts. Another factor is the exit of U.S. President George W. Bush, whose own bid for excessive presidential power wasn...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

...Corrales is quick to note that the region's trend toward "superpresidencies," which includes conservative leaders like Colombian President Alvaro Uribe, "is far from over." But Fernández - who does little to discourage comparisons to Eva Perón, the glamorous and powerful Argentine First Lady of the 1940s and '50s known as Evita - has had her clout both at home and abroad diminished to the point that Argentine pundits are even discussing whether she might soon resign. While that's unlikely, the rest of her term promises to be a slog, and her husband's widely discussed plans...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

...Fernández's fall has been a steep one. Kirchner, elected in 2003, has been credited with nothing less than saving Argentina after its epic financial collapse of 2002. But he decided not to run for a second term in 2007, deferring instead to his wife, then a popular Senator. Though critics claimed their plan was simply to alternate in power for 16 years, Fernández won decisively and took office with a near 80% approval rating...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

...Fernández, who like Kirchner hails from the provinces and butts heads with the Buenos Aires élite, insists she has simply tried to preserve the economic stability her husband created and deliver it to a broader swath of the working class. But when she saw that her poll numbers had plunged below 30% - and realized moreover that the recession and rising crime statistics only stood to sink them further - she moved this year's midterm elections from October to June. Hoping to shore up the Peronists' prospects, Kirchner announced he would run for a congressional seat from Buenos...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

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