Reuters is reporting the Venezuelan people voted against President Hugo Chavez’ sweeping constitutional reforms which would have swept the nation back in time to approximately 1980s Soviet Union.

The president’s initiatives would have allowed him to run for an unlimited number of terms and provided enhanced presidential powers. Chavez said explicitly he intended to turn the country into a socialist state.

A couple weeks ago news stories revealed that food lines were commonplace for items that had come under national price controls.

“Do you think it’s good to be here waiting in line?”

Chavez’ term ends in 2012 and it appears he will not emulate Cuba’s Fidel Castro as president for life.