What caused Bush to break his promise of no new taxes?
Bush agreed to a compromise, which increased several existing taxes as part of a 1990 budget agreement. Bush lost his bid for re-election to Clinton, prompting many to suggest his failure to keep the pledge as a reason for his defeat.
Why did HW Bush lose re election?
Domestically, Bush reneged on a 1988 campaign promise by signing a bill that increased taxes and helped reduce the federal budget deficit. Bush lost the 1992 presidential election to Democrat Bill Clinton following an economic recession and the decreased emphasis of foreign policy in a post–Cold War political climate.
Who runs against Dukakis?
The 1988 United States presidential election was the 51st quadrennial presidential election, held on Tuesday, November 8, 1988. The Republican nominee, incumbent Vice President George H. W. Bush, defeated the Democratic nominee, Governor Michael Dukakis of Massachusetts.
What reason did Reagan’s would be assassin give for shooting the President?
The shooter was 30-year old John Hinckley. Hinckley said that he wanted to shoot President Reagan to impress actress Jodie Foster. He planned the assassination after he saw the movie Taxi Driver and there was a scene similar to the event. Hinckley decided to copy DeNiro’s character in the movie.
Why did President George HW Bush increase taxes in 1990 quizlet?
Why did President George H. W. Bush increase taxes in 1990? Bush had inherited a large budget deficit from President Reagan.
Why did the 1990s witness such a high demand for skilled workers?
Why did the 1990s witness such a high demand for skilled workers? The use of computers increased demand for skilled workers. After the collapse of Communist governments, countries that had previously been under the Soviet Union wanted to join which group?
Why did most American companies start to build plants abroad in the late 1990s and early 2000s?
The prioritizing of American economic interests sometimes alienated U.S. allies. Why did most American companies start to build plants abroad in the late 1990s and early 2000s? To take advantage of cheap labor. What feature made the presidential election of 2008 significantly different from previous elections?
When did outsourcing to China began?
2000s
When did manufacturing leave the US?
Between 1980 and 1985, and then again 2001 to 2009, there were precipitous declines in US manufacturing jobs; it is estimated that 1/3 of US manufacturing jobs vanished in the eight years 2001 to 2009, and few have returned. Some argue that the 2001-2009 period was worse for US manufacturing than the Great Depression.