I also think it's important because Chavez is a socialist, and is systematically destroying his entire country. And further, he identifies Obama as a counterpart to himself, and openly encouraged Obama to embrace Socialism.
Now obviously, with any other non-socialist leader, Chavez would never do this.
This is important because we as a people, should not have to enact policies, that Chavez has demonstrated have massive negative repercussions, in order to find out they don't work.
We should see his example, and the havoc it's caused Venezuela, and see we don't want to go there. Further, we should identify Obama with Chavez, because clearly Chavez does, and be against him.