Preview

Why Did George H.W. Bush Fail to Win a Second Term?

Good Essays
Open Document
Open Document
750 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Why Did George H.W. Bush Fail to Win a Second Term?
Although President Bush was a very successful president in terms of foreign relations he had some struggles that really caught up to him when it was time for re-election. After his successes in the gulf war he had the second highest approval rating amongst all presidents with a rating of 89%. This is only behind his son’s 91% approval rating after the 9/11 attacks on the world trade center. It is obvious that these ratings are not directly correlated with how well the president does throughout his campaign though as George W. Bush also had the lowest rating of 17%. In the start of George H.W. Bush’s campaign he made a statement of, “read my lips, no new taxes!” Without knowing at the time, this line would bring up a whole lot of trouble for Bush. While the president’s main focus lied with foreign affairs, he was unable to put a whole lot of effort into dealing with domestic affairs and this caused the economy to continue to struggle. Therefore, when Bush was unable to make policies to stimulate the economy he was left with no other option but to increase taxes and going against his previous tax statement. This upset the majority of people and while he was around for the end of the cold war then also with the successes in the gulf war people were not very worried with foreign affairs as much anymore. This lie the president was forced to put himself through would ultimately be the demise of his chances in receiving a second term. When he lied, he lost a good chunk of followers from his own party which then jumped on board with the independent candidate of Ross Perot. Perot was able to receive a fair amount of votes just due to the angry conservationists jumping on board with Perot because they didn’t want to vote for a democrat. He also lost his once democratic followers that liked Reagan and therefore wanted Bush as the next president so that was more votes Clinton was able to take away. It is believed by many that without Perot receiving the amount

You May Also Find These Documents Helpful

  • Good Essays

    George Herbert Walker Bush became president on January 20th, 1989. His theme of his presidency was of harmony and conciliation President H.W Bush entered his presidency during a period of a radically changing world. The Soviet Union was beginning to collapse, the Berlin Wall fell, and after a long forty years, the Cold War headed towards its end. During Bush’s term of presidency, the stock market was impacted in accordance to things under his control, as well as things out of his control.…

    • 1228 Words
    • 5 Pages
    Good Essays
  • Good Essays

    1- After the effects of World War I Americans were keen on the idea of isolationism. They wanted to focus on improving their economy rather than helping another country across the ocean. The new president Warren G. Harding had promised Americans their "return to normalcy" . They wanted their economy to stabilize and thrive, spending money on wars that weren't their own wouldn't favor them.…

    • 760 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Reagan was particularly beleaguered when unemployment rose to a staggering 9.5%. He dreaded that he would not be re-elected. Presidents Reagan’s goal was to execute economic policy dubbed ‘Reaganomics’. This policy aimed at stimulating America’s economy through tax credits, accelerated depreciation, and tax cuts. Reagan’s core catalyst to attain this goal was the enactment of the ERTA (Economic recovery Tax Act) in 1981. The ERTA brought in phased-in cuts in marginal duty levels that were extensive. ERTA, however, was a too far bridge and failed despondently creating huge budget deficits as well as weakening America’s economy. This resulted in an economic slump that lasted through the better part of 1982. Luckily, Reagan saw the fault, and with enactment of TEFRA (Tax Equity and Fiscal Responsibility Act) in late 1982. America’s economy embarked on a path to recovery. TEFRA acted as ERTA’s remedy. In fact, it came to be known as the most extensive peacetime tax rise to be ever enacted in the history of America. Ironically, Reagan, a Republican, had signed the bill. TEFRA began presumably the most considerable bull series in the economic history of America. This cycle lasted for close to half a decade. Reagan deserves much of the credit for endorsing TEFRA and particularly, for its great economic outcome. However, few people recognize that it was Peter Stark, a Democrat, who backed TEFRA. Worth noting is the fact that Reagan played a very instrumental role by joining forces with fellow Democrats. The TEFRA perhaps explains why Reagan was reelected for a second…

    • 1412 Words
    • 6 Pages
    Better Essays
  • Good Essays

    During Jefferson’s presidency, he implemented an embargo that required a strong central government to enforce.(Doc F) As a result of the embargo, manufacturing grew more rapidly under Jefferson than that of the federalist leader. With the band of trade, America became dependent on nation made products which helped grow the manufacturing industry drastically. By 1812, John Adams began to approve of the two Republican presidents’ restoration of the taxes and the Navy.(Doc G) Jefferson had restored taxes while he held office, while Madison worked on building back up the Navy. Even though the Founding Fathers were both finding a moderate ground, others were not adjusting. During both presidencies, the tariffs kept and enforced were disliked by some Republicans. Southern Democratic-Republican farmers rejected the protective tariff created by Madison because it lead to higher prices.(Doc H) These tariffs were set by Hamilton, and enhanced by Republican…

    • 575 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Fear: Americas were terrified the U.S. would fall into another depression and economic hard times would return…

    • 1387 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Reagan vs Obama

    • 1356 Words
    • 6 Pages

    Before Regan took office in 1981, the state of the United States economy was in dismal shape. The high unemployment of mid 1970’s seemed to be on the way down, but because of an unnaturally low Federal Reserve’s interest rate, inflation was out of control. By the time Reagan got into office, the unemployment rate in the country had increased from a low of 5.8% to 7.6% in 1981. Although the country was experiencing an increasing unemployment rate, the inflation rate was skyrocketing above 14% for multiple months in 1980. The Federal Reserve had to increase interest rates in order to control the value of the dollar, at the cost of millions of jobs. Although the inflation rate decreased from an average of 13.58% in 1980 to 3.22% in 1983, the unemployment rate rose from the higher interest rate from 7.1% in 1980 to 9.7% in 1982. This huge increase in the amount of unemployed naturally caused a sharp decline in Reagan’s approval ratings. In 1984, Reagan’s election year, the economy began crawling back. Unemployment dropped from 9.7% in 1982 to 7.5% in 1984 and American’s began to believe in Reagan’s ability to help the economy thrive. Reagan’s economic success is credited to the tax cuts he enacted. During the 1970’s the federal tax rate for wealthy making over $200,000 a year was at or over 70% for the entire decade. Reagan’s cuts lowered the amount of taxable income from 70% (for the highest earners) to 50% in 1982. This increase in money allowed the wealthy to invest more and hire more workers, leading to the recovery that began in 1984.…

    • 1356 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Reaganomics In The 1980's

    • 1442 Words
    • 6 Pages

    Unemployment exceeded to ten percent , this was the lowest it had been in forty years. With Reagan already in office he knew that there must be a change in the early 80s. He knew that if he corrected United States economic problem that he would have the trust of the citizen for the election of 1984. At the end of 1982 the United States was flourishing once again, the economy was promising due to the new economic system of Reaganomics. Incumbent Ronald Reagan believed that the United States become very strong due to Reaganomics. Between the years of 1983-1990 the economy grew because it was parallel population growth. The census of 1984-1990 shows that we’ve had the most growth on the west coast. Having twenty percent more people than we had in the previous census, all but three states had a population growth. The principles of Reaganomics was to lower taxes and increase the spending money towards our military. Now that taxes are lowered the United States no longer provided any social programs. There were pros and cons with this new economic system, the economy was doing substantially well while our social problems worsen. An example of a social problem would be the drug rate. Approximately thirty seven percent of the population over the age twelve had used an illegal drug at least once. The drug rates grew due to the…

    • 1442 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    George H.W. Bush amassed countless achievements during his life but he had Eight very important ones. His first accomplishment was serving in the military. He served during World War Two. He even received a Distinguished Flying Cross for his service. Soon after, He went to Yale for college. He graduated from there in 1948. Later, He ran for a seat on the house of representatives. In 1966, he won. His next major accomplishment was serving as the U.S. ambassador to the United Nations. He was appointed by President Richard M. Nixon. He was ambassador for two years. In 1980 he won the Vice Presidency with Reagan. Together won again and Bush served as vice president for Eight years. Bush then ran for president and won in 1988. He got fifty-three…

    • 150 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    President Reagan's prediction of the collapse of Soviet communism had come true. America and its allies had prevailed in the Cold War. President Reagan's policies of preserving peace through strength and promoting the advancement of democracy around the world significantly contributed to this victory. President Reagan’s Farwell Speech summed up his achievements well, he says "The way I see it, there were two great triumphs, two things that I'm proudest of. One is the economic recovery...The other is the recovery of our morale. America is respected again in the world and looked to for leadership...They called it the Reagan Revolution. Well, I'll accept that, but for me it always seemed more like the great rediscovery, a rediscovery of our values and our common sense...The lesson of all this was...as long as we always remember our first principles and believe in ourselves, the future will be ours. And something else we learned. Once you begin a great movement, there's no telling where it will end. We meant to change a nation, and instead, we changed a…

    • 1229 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Bush was a president with many secrets. Secrets that American residents won’t know for the next 50 years. One thing we do know is that George Bush was one of the worst president in all of history.…

    • 642 Words
    • 3 Pages
    Good Essays
  • Better Essays

    George Walker Bush was a very influential man in Texas politics. Not only would his family's endeavors in the oil industry bring development to Texas towns and cities, his Governorship would shape politics in the region for the next decade. He takes great pride in having been raised in Texas for most of his life; he speaks in a very cheerful, but very down-to-earth tone that many can identify with. Calling himself a “compassionate conservative,” George Bush led the way for reforms in many different areas.…

    • 1355 Words
    • 6 Pages
    Better Essays
  • Better Essays

    When he sought to end the Cold War, he revised policies and stood against the Soviet Union during these tough times. To help bridge the gap to ending the Cold War, he pushed his Strategic Defense Initiative. This proved to be extremely critical to the collapse of the empire which led to the ending of the Cold War. Reagan was repeatedly praised for his work and efforts in order to get this done. Reaganomics would be considered another major accomplishment for Reagan. Reaganomics is a term that represented his economic policies. “The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation.” Essentially, what Reagan wanted to do with this passage was make severe tax cuts, to deregulate, and to place a tight restraint on domestic spending. The result of this was rather rewarding for the American people. Reaganomics created 16 million new jobs for Americans. He also was well known for accomplishing GOP revitalization. When he revitalized the GOP, free-market industries and pro-liberty conservatism helped. His Peace through Strength philosophy is also known as one of his most decorated accomplishments as President. When he spoke this, he…

    • 1698 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Ronald Reagan came into the oval office after a bad economic term by Jimmy Carter. Jimmy Carter left the office with high inflation, unemployment and interest rates. One of Reagan’s biggest goals he had for his presidency was to save the economy. Many people labeled his economic policy “Reaganomics”. With many new policies comes doubt and Reaganomics had its fair share of doubt from many people around the country. Even though the Federal Reserve Board and many economists doubted Reagan’s economic beliefs, Reaganomics proved to be beneficial to the American economy as well as unemployment rates and poverty percentage.…

    • 1309 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Energy was an issue but there was another problem that was just or even more important than the energy problem and that was the fundamental threat to American democracy. He addresses that “the threat was nearly invisible in ordinary ways, it’s a crisis of confidence, it strikes at the very heart and soul and spirit of the national will.”(111) The loss of unity and purpose for the Nation was getting lost and worse was the meaning of the people’s lives. He was worried that the people were “losing the faith, not only in government itself but in the ability as citizens to serve as the ultimate rulers and shapers of the democracy.”(111) The president felt as in his people were closing the doors to their past and was losing the…

    • 590 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The First Five Presidents

    • 352 Words
    • 2 Pages

    The first five presidents faced many major issues and events during their presidency. As a result of their even being an idea of a presidency; and this word is new to the Americans, it had many setbacks for the first five presidents. The word presidency was new in the Americas so nobody exactly knew how it would work, or what should be done to build it up, this is also what caused problems for the first five presidents, because they had to build up the term president, and work most things out for themselves. The newly made Americans had just fought the revolutionary war and escaped a monarchy where they felt they weren’t free, they were afraid that their self-made government would get too strong and treat them the same way that the British…

    • 352 Words
    • 2 Pages
    Satisfactory Essays