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George Herbert Walker Bush became the 41st President of the United States since 1989 until 1993. During his 1st year as president, according to Schoenherr (2002):
"As a traditional upper-class Republican conservative, Bush was a cheerleader for American consumer capitalism and promoted globalization of American-produced products in a "New World Order" safeguarded by the Reagan Doctrine and arms sales to client countries. However, neither Bush nor Secretary of State Baker had "the vision thing" and instead remained pragmatic caretakers of the Reagan Revolution. The economic recession 1990-92, white collar downsizing, the loss of 2 million jobs, the need to raise taxes to pay for the Reagan deficit, and a hostile Congress controlled by the Democratic Party prevented the realization of the new order."
In 1989, Bush stopped the sales of weapons to the Republic of China because a revolt was triggering between the government of China and its people that there was a lot killed in Tiananmen Square. In 1990, the President was in favor of increasing the taxes paid by the employees so that they can cope up with the increasing debts of U.S. but with this, his popularity started to sink because people knew that he was against it. Several other factors were key in his defeat, including siding with Congressional Democrats in 1990 to raise taxes despite his famous "Read my lips: No new taxes" pledge not to institute any new taxes (Wikipedia, 2005). That was one of the reasons why he was not re-elected as president.
William Jefferson Clinton became the 42nd President of the United States since 1993 until 2001. He was elected as the president twice but on his second term he was for impeachment. According to Wikipedia 2005:
"During his tenure as president, his domestic priorities included efforts to create a universal healthcare system, upgrade education, to restrict handgun sales, to strengthen environmental regulations, to improve race relations, and to protect the jobs of workers during pregnancy or medical emergency. His domestic agenda also included more conservative themes such as reforming welfare programs, expanding the "War on Drugs", and increasing law enforcement funding. Internationally, his priorities i
Names mentioned in this term paper
William Jefferson Clinton, President George H. W. Bush, Hillary Clinton, Reagan, Ackman, Schoenherr,
Organizations referenced in this research material
Congress, Democratic Party, Congressional Democrats,
Locations included in this research material
United States, Kuwait, Republic of China, Northern Ireland,
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Keywords talked about in this research paper
United States, taxes, George Herbert Walker Bush, President Bill Clinton, Tiananmen Square, family and medical leave act, William Jefferson Clinton, foreign policy, campaign promise, Northern Ireland peace process, health care, gross domestic product, health care reform, Reagan, Reagan Doctrine, Reagan Revolution, Wikipedia, the president, Alice Rivlin, white collar, arms sales, consumer capitalism, Brookings Institution, Monica Lewinsky, nuclear proliferation, universal healthcare, tax cuts, trade barriers, race relations, Cold War, Gulf War, task force, medical emergency, Soviet Union, gay rights, Berlin Wall, civil war, stock market, New World, Free Trade, personal life, impeachment, deficit, bias, Kuwait, conservative, pregnancy, upper class, recession, China,