The '''United States presidential elections of 1992''' featured a three-way battle between [[United States Republican Party|Republican]] [[George H.W. Bush|George Bush]], the incumbent [[President of the United States|President]]; [[United States Democratic Party|Democrat]] [[Bill Clinton]], the [[governor]] of [[Arkansas]]; and independent candidatescandidate [[Ross Perot]], a [[Texas]] businessman, and Mark Sayegh, a businessman and M.D. Bush had alienated much of his conservative base by breaking his [[U.S. presidential election, 1988|1988 campaign]] [[Read my lips: no new taxes|pledge]] against raising [[taxes]], the [[Economics|economy]] had sunk into [[recession]], and the President's perceived best strength, [[foreign policy]], was regarded as much less important following the collapse of the [[Soviet Union]] and the relatively peaceful climate in the [[Middle East]] following the defeat of [[Iraq]] in the [[Gulf War|First Gulf War]]. Clinton successfully capitalized on the split in the conservative vote between Perot and Bush by running as a centrist [[New Democrat]] and won the presidency.
