Re: Fernandez
The idea behind not allowing consecutive terms for President was to not concentrate too much political power in the hands of one person. After Leonel took office, there was talk of changing that part on the excuse that 4 years was not enough time to get much accomplished. Nothing ever came of it.
I don't think what would happen in 2000 was much discussed during the 1994 constitutional changes. Most probably thought Balaguer would not be healthy enough to run again or dead by now. The Reformistas hold somewhere between 10-15% of the population and this is declining. Balaguer has always been able to play the two left leaning parties against each other to maintain power. Now, the Reformistas have been reduced to the level of spoiler. Neither the PRD or the PLD have 50% of the popular vote and the Reformistas have been able to maintain a place in government. (It's ironic that 80-85% of the vote is for liberal parties yet politics does not focus on populist issues.)
When Balaguer passes, the Reformistas will probably slowly dissappear. How the economic power elite maintain political influence will be interesting. Lucky for them, most people go into politics in order to make money rather serve the public.
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