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1992 U.S. presidential election

1992

Bill Clinton defeated President George H. W. Bush in a three-way race in which independent Ross Perot won nearly 19 percent.

The story

On November 3, 1992, Democrat Bill Clinton, the governor of Arkansas, defeated President George H. W. Bush. Clinton won 370 electoral votes with 43.0 percent of the popular vote. Bush took 168 electoral votes and 37.4 percent. Texas billionaire Ross Perot, running as an independent against the deficit and free trade deals, won 18.9 percent, nearly 20 million votes, but no electoral votes.

After victory in the 1991 Gulf War, Bush's approval had soared to about 90 percent, and several leading Democrats chose not to run. But a recession, rising unemployment and Bush's broken pledge of 'no new taxes' turned the mood. With the Soviet Union gone, foreign policy mattered less to voters. Clinton's campaign kept its focus with the internal reminder 'the economy, stupid,' and presented him as a centrist New Democrat. At 46, he was the first president from the baby boom generation.

Why it mattered

  • Clinton's presidency won passage of NAFTA, a deficit reduction plan and, later, welfare reform.
  • His failed health care plan helped Republicans win Congress in 1994 for the first time in 40 years.
  • Perot's strong showing pushed both parties to address the federal deficit, balanced by the late 1990s.

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