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George H.W. Bush was a Republican who served as Vice-President of the United States under President Ronald Reagan from 1981 to 1988. In 1988, Bush selected Indiana Senator Dan Quayle as his running mate, and successfully campaigned to succeed Reagan as President, defeating the Democratic Party nominee Michael Dukakis.
In 1992, the Bush/Quayle ticket was re-nominated by the Republican Party. Since taking office in 1988, the economy had soured and Bush had lost the support of the conservative base by breaking his campaign pledge to not raise taxes. In the general election, the incumbent President was defeated by the Democratic opponents, Arkansas Governor Bill Clinton and Tennessee Senator Al Gore. Bush's loss marked the end of a period when the Republican Party controlled the White House for 20 of the 24 previous years. Some argued that support for Independent candidate Ross Perot had contributed to Bush's inability to get re-elected, but a mathematical evaluation of the results demonstrated that Perot supporters were swayed away from voting for both Clinton and Bush at an equal rate.