Answer:United States presidential election of 1992, American presidential election held on Nov. 3, 1992, in which Democrat Bill Clinton defeated incumbent Republican Pres. George Bush. Independent candidate Ross Perot secured nearly 19 percent of the vote—the highest percentage of any third-party candidate in a U.S. presidential election in 80 years.
The campaign
Typically, incumbent presidents face little opposition in securing renomination, but Bush faced a stiff early challenge from conservative commentator Pat Buchanan. At the Republican National Convention in 1988, Bush had pledged to the delegates that he would resist any tax increases, giving his famous “read my lips” pledge. But in 1990, in an attempt to cope with a soaring budget deficit, Bush reneged on that pledge, earning him the enmity of his conservative supporters and the distrust of many voters who had backed him in 1988. Buchanan led an insurgent campaign against Bush, capturing nearly 37 percent of the vote in the New Hampshire primary. Despite the challenge, Bush went on to win the Republican nomination, though his candidacy was wounded.
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