Bachelet Announces Presidential Bid In Chile
By EVA VERGARA
SANTIAGO, Chile (AP) â¿¿ Former Chilean President Michelle Bachelet announced her candidacy in November presidential elections on Wednesday, saying she would use a second term in office to address the country's enormous income inequality.
Bachelet, 62, returned to Chile following a two-year stint heading the U.N. women's agency in New York. She is widely seen as the center-left opposition's only hope of winning the Nov. 17 vote.
"I have taken the decision to be a candidate," she told cheering supporters in the municipality of El Bosque shortly after her arrival in Chile.Bachelet, who governed Chile from 2006-2010 before ceding office to conservative President Sebastian Pinera, said that during her first term "there were things we didn't do well and some things remain to be done." She said that her goal would be ending the inequality that plagues Chile, which has one of the world's largest gaps between rich and poor despite its economic successes. Chile "is a country tired of abuse of power and Chileans are tired of not being taken into account," she said. "The enormous inequality in Chile is the center of this rage." "I am not going to offer a program prepared between four walls ... I am going to cross the country to listen to people, to hear their proposals," she said. Bachelet ended her first presidential term with nearly 80 percent approval ratings. And a recent poll by CEP Estudios Publicos consultancy said if the elections were to be held today she would easily win the presidency with 54 percent of the votes. Without Bachelet, polls show support for Chile's center-left parties barely reaching 20 percent. Bachelet will compete in Chile's June 30 party primaries to become the single candidate of Chile's left. Whoever runs will have to be ready to tackle mounting social demands and frequent protests that already troubled Bachelet during her presidency and have harried Pinera even more. Pinera is the most unpopular president since Chile returned to democracy in 1990 after the dictatorship of Gen. Augusto Pinochet.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV