Barack Obama Wins The Coveted Hugo Chavez Endorsement

And Hugo Chavez displays his understanding of Chicago politics.

With both presidents facing tight re-election fights, Venezuela's Hugo Chavez gave a surprise endorsement to Barack Obama on Sunday - and said the U.S. leader no doubt felt the same.

"I hope this doesn't harm Obama, but if I was from the United States, I'd vote for Obama," the socialist Chavez said of a man he first reached out to in 2009 but to whom he has since generally been insulting.

Chavez is running for a new six-year term against opposition challenger Henrique Capriles, while Obama seeks re-election in November against Republican candidate Mitt Romney. Venezuela's election is next weekend.

"Obama is a good guy ... I think that if Obama was from Barlovento or some Caracas neighbourhood, he'd vote for Chavez," the president told state TV, referring to a poor coastal town known for the African roots of its population.