But has it hurt Chávez's standing in public opinion? Yes, to a point.
Alfredo Keller's latest survey shows a couple of interesting trends. One of the most important one is the graph on whether people think things are going well or not. (click on image to enlarge)
Is this margin reversible? Certainly. Nothing is set in stone. But the trend is there.
Another interesting result came about when people were asked whether or not their problems had gotten better or worse.
A large majority of Venezuelans think the country's problems have either stayed the same or gotten worse in the last year. Crime is, of course, the main concern, and deteriorating safety conditions are clearly being felt by everyone. The government's bright spots are "poverty", "housing" and "the economy," and even there the percentages of people that actually think things have gotten better are a paltry 27, 35 and34% respectively. Keep in mind those are the issues most vulnerable to the current economic downturn.
One of the arguments being bandied about is that Chávez is much more popular than his government. There may be some truth to that. A slim majority of Venezuelans now think Chávez is becoming a dictator, as can be seen in this graph.
Likewise, a less slim majority think Chávez is doing things the wrong way, mostly because they are starting to realize Chávez wants to mold Venezuela after Cuba's communist system.
The troubling thing about this is that a whopping 47% of Venezuelans don't think Chávez is becoming a dictator, and 45% of them think he is doing things right, even though all the major problems in our society have gotten worse.
Clearly, the teflon effect is still there, though not quite as strong as it used to be.
Finally, people were asked who they would vote for in a hypothetical election - for Chávez, or for someone else.
This is always a tricky question. It's one thing to say "the other guy/gal", it's quite another to actually go and vote for, say, Antonio Ledezma. Nonetheless, there is something to be said about the fact that, for the first time since the IVth quarter of 2003 (six years, though the graph is abbreviated), a majority of Venezuelans would rather vote for a hypothetical other than for Chávez by a six-point margin.
Clearly, the government's radicalism has not gone unnoticed. The challenge (protracted sigh) is for our current opposition leadership to capitalize on this. Will they be able to? Will this even be a possibility? Who knows, but don't keep your hopes up.