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Bill Clinton criticized President Bush for not doing more about the economy and unemployment.

Bush pointed out that the Democrats controlled Congress, and he said the Democrats had defeated most of his proposals.

The president also talked about his foreign policy successes. And -- most famously -- he promised not to raise taxes.

PRESIDENT GEORGE H.W. BUSH: “My opponent will not rule out raising taxes, but I will, and the Congress will push me to raise taxes, and I’ll say ‘No.’ And they’ll push again, and I’ll say ‘Read my lips – no new taxes.’ [Cheering]"

But raise taxes he did, and many Americans remembered that on Election Day.

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Bill Clinton and Al Gore won the nineteen ninety-two election. They received about forty five-million votes, or six million more than President Bush and Vice President Quayle. Ross Perot and James Stockdale received close to twenty million -- or nineteen percent of the popular vote.

Bill Clinton became America’s forty-second president on January twentieth, nineteen ninety-three. At the age of forty-six, he was the third youngest person ever elected president.

At his inauguration, the new president said there was no longer a division between foreign and domestic issues.

BILL CLINTON: "The world economy, the world environment, the world AIDS crisis, the world’s arms race -- they affect us all. Today, as an old order passes, the new world is more free but less stable. Communism’s collapse has called forth old animosities and new dangers. Clearly America must continue to lead the world we did so much to make.”