Actually he was a military dictator, even if he was "elected". The bloody protest was when his goons of armed civilians killed 10+ innoccent people at a protest, then the opposition took arms and started fighting them. He then ordered his military to open fire on the 1million anti-Chavez protesters that were already attacked. He allegedly resigned, and tried to flee the country. The interim president said an election would be held in the near future. Its good for the US, Chavez was going to side with Iraq and some others in OPEC, the new government is not, which already effected the price of oil, and people should notice a 10 cent drop in price at the pump sometime in the next week or two. Basically it comes down to, the Venezuelan military resented Chavez and so did most of Venezuela. He was "elected" because he was supposed to help the poor, but he made things worse. He also decided to become friends with Cuba, a enemy of Venezuela since Cuba gurriellas tried to take it over in the '60s.