Chavez: Plan may have been too ambitious

Humbled by his first electoral defeat, President Hugo Chavez said Monday he may have been too ambitious in asking voters to let him stand indefinitely for re-election and endorse a huge leap to a socialist state. “I understand and accept that the proposal I made was quite profound and intense,” he said after voters narrowly rejected the sweeping constitutional reform by 51 percent to 49 percent. Full Story

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