The AP HAS REPORTED that the deal is in fact dead because Zelaya refuses to accept its conditions.
Micheletti has been schooling Zelaya ever since the latter was removed from power but he's consequently also been punking Hugo Chavez, Daniel Ortega, and the Castro brothers by extension. In fact, the longer this goes on, the more foolish Obama looks because of his support for Zelaya's reinstatement.
However, this offer by Micheletti may trump everything he's done so far. It shows him as willing to cede power on the condition that Zelaya not insist on being reinstated as president. Considering how long Zelaya would be in office if he was reinstated (a few months), it makes NO SENSE for him to decline this offer unless he intended to trash his country's Constitution by attempting to pull something akin to what his buddy Hugo Chavez did in Venezuela. In particular, as was charged, using a referendum to become president for life. By turning this offer down, Zelaya has unmasked himself for what he is and Micheletti can deliver another big fat, 'I told you so' to the rest of the world.
Initially, it looked like the continued U.S., O.A.S., and U.N. pressure was starting to wear on Micheletti by his offering this compromise but this may be his biggest victory in the standoff yet because of how it exposes Zelaya as the power-hungry would-be dictator he's accused of being.
Their is courage on display in Honduras that is truly amazing.
The best way to defeat evil is to get it to unmask itself.
Roberto Micheletti may just be a genius.
HERE IS A LINK to my earlier post.

