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Aside from the power to rule by decree for the next 18 months, BusinessWeek also reports that the current National Assembly is also "set to approve legislation to give state control over telecommunications, regulate Internet content deemed to incite violence against the government, force banks to funnel profits into a social fund and curb foreign funding for non-governmental Organizations."
Venezuelan legislature grants Chavez decree powers
Venezuelan legislature grants Chavez decree powers
BOGOTA, COLOMBIA - Venezuela's lame-duck, pro-government congress has given temporary one-man rule to President Hugo Chavez, less than three weeks before a newly elected National Assembly with enough government foes to hamper some of his socialist initiatives takes office.
Congress approved laws that give the state more control over the economy and granted Chavez decree powers that permit him to rule until mid-2012 without input from legislators.
With those decree powers, which lawmakers passed Friday, Venezuela enters a new stage in Chavez's "Bolivarian Revolution," in which analysts say an increasingly erratic but powerful president consolidates control over a country in deep recession.
Chavez's actions, which undermine the new legislature elected in September, have been strongly condemned by government adversaries.
"This castrates the next National Assembly," Teodoro Petkoff, a former guerrilla turned newspaper editor, said of the measures in a Saturday column. "Chavez has begun to take the path of dictatorship."
The president's supporters said the "enabling law" approved by the National Assembly allows Chavez to respond more quickly to heavy rains that have left tens of thousands of Venezuelans homeless.
The 165-member National Assembly is overwhelmingly controlled by Chavez allies, but the new congress will include 67 lawmakers who oppose him.
Speaking to supporters in a televised address Friday, Chavez left little doubt that he would use his powers to push through a range of economic and political measures that would accelerate the oil-rich country's transformation into a socialist state.
"They will not be able to create even one law, the little Yankees," said Chavez, who brands his opponents as stooges of an imperialist U.S. government. "Let's see how they are going to make laws now."
