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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 Ties to poor boost Ecuador's Correa before vote Mon Apr 20, 2009 3:41pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Alonso Soto and Maria Eugenia Tello QUITO (Reuters) - The beat-up sedan packed with plastic cups may not look like much, but it is a business that changed Ecuadorean salesman Alonso Espinoza's life and he thanks one man for it -- President Rafael Correa. Spending billions of dollars on Ecuador's neglected poor majority, Correa has built a huge following in the volatile country that will likely help him win a second term on Sunday and consolidate his socialist rule. "Ecuadoreans like him because he is true to his word," said Espinoza, who borrowed $6,000 from the government to start a business selling plastic wares from the back of the car in the capital, Quito. "Raging capitalism left us dry, but now Correa is thinking about us." Correa has helped thousands with cheap loans to set up small businesses and buy homes and free health care and education. And the former Roman Catholic missionary's tough style is lauded by voters tired of weak governments, helping him stay popular even as the global crisis buffets the Andean country's economy. Critics and opposition rivals say Correa is amassing dictatorial powers and wrecking the OPEC nation's economy by overspending revenues from several years of high energy prices. But after more than two years in office, the U.S.-trained economist has already outlasted his three predecessors, who were ousted by angry protests on the streets and turmoil in Congress. An election would give Correa another four years. The tall 46-year-old rarely backs away from a fight, ejecting two U.S. Embassy officials in February and refusing to pay $3.2 billion in foreign debt after calling bondholders "monsters." Ecuador offered on Monday to buy back up to $3.2 billion in defaulted debt for a starting price of 30 percent of face value. "He is not playing around like the others before him," said Carmen Hernandez, a stay-at-home mother of two who lives in a housing complex partly financed by the government. "He is straightening the twisted path of our country." Correa has scored a string of political wins that have helped him rewrite the constitution and control the legislature -- an institution largely blamed for Ecuador's decade of political instability. TOO MUCH POWER? Opposition rival Alvaro Noboa criticizes Correa's influence over institutions like the courts and the new constitution, which allowed him to run for a second term. "With Correa, democracy will be over soon," Noboa said. Polls put the millionaire banana mogul in third place, trailing Correa by more than 30 percentage points, in the election race. Running second is ex-President Lucio Gutierrez, who was ousted in 2005 after angry demonstrations over his involvement with the country's top court. Critics also say Correa's spending on the poor has generated rising unemployment and high inflation, but with economic growth of 6.5 percent last year most Ecuadoreans have yet to feel the global slowdown. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! 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