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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Venezuela's Chavez celebrates 10 years in power Mon Feb 2, 2009 2:14pm EST Email | Print | Share | Reprints | Single Page [-] Text [+] By Saul Hudson CARACAS (Reuters) - President Hugo Chavez marked 10 years in power on Monday and declared a national holiday to celebrate as he seeks to win a referendum vote this month that could help him stay in power for another decade or more. Chavez, an ex-paratrooper who once led a failed coup before winning power at the ballot box, hosted Latin American leftist leaders at anniversary ceremonies, burnishing his credentials as a regional leader. Presidents of poor countries that have received cheap oil from Chavez such as Nicaragua, Bolivia and Honduras joined the Venezuelan leader at the tomb of Simon Bolivar, his 19th century hero who ejected Spain from the region. "Ten years ago, Bolivar -- embodied in the will of the people -- came back to life," Chavez said. Crowds of supporters dressed in signature red shirts thronged outside the event taking advantage of the day off that Chavez declared just hours before the anniversary. Businesses and schools were closed after scrambling to tell their employees and students to stay at home. Chavez's decree, and threats to fine companies failing to comply, showed his sometimes arbitrary leadership, although it was also popular with many Venezuelan workers. Chavez has repeatedly won elections in his 10 years in office and has overcome a coup, a national strike and a recall referendum. He remains popular among the OPEC nation's majority poor for spending oil wealth on clinics and schools and typically draws cheers at rallies for his speeches condemning the "evil empire" of the United States. COUNTRY POLARIZED But the Caribbean country has also become polarized in the last decade, with many Venezuelans complaining that Chavez has amassed so much power he is a dictator-in-the-making. That sentiment has helped erode some of Chavez's appeal. After an overwhelming re-election victory in 2006, he narrowly lost a referendum in 2007 to change the constitution and allow his re-election. In November, he also lost some influential posts in regional elections to the opposition. Pollsters say public opinion is divided over his attempt in this month's referendum to win the right to stay in power as long as he keeps winning elections. If he loses the referendum, he should leave office in 2013 at the end of his six-year term. Whether or not Chavez wins, 2009 will be a challenging year. Used to lavishing oil wealth from one of the world's top exporters on the poor, his income has fallen in recent months. The state oil company -- the financial engine for Chavez's social programs -- has piled up debts with contractors, raising doubts about how long Chavez can sustain his programs of food handouts and free doctor visits. "Chavez has promised Venezuelans paradise but that paradise, which he calls socialism, depends on oil above $120," Alberto Barrera, who has written a Chavez biography, said. Continued... 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