Ross Perot Presidential Campaign – Phoenix AZ 7-15-1993 – Phoenix Video



published: 2019-07-09 19:06:59

Ross Perot Presidential Campaign – Phoenix AZ 7-15-1993

Henry Ross Perot – June 27, 1930 – July 9, 2019 was an American business magnate, billionaire, philanthropist, and politician. He was the founder and former chief executive officer of Electronic Data Systems and Perot Systems. He ran an independent presidential campaign in 1992 and a third-party campaign in 1996, establishing the Reform Party in the latter election. Both campaigns were among the strongest presidential showings by a third party or independent candidate in U.S. history.

Born in Texarkana, Texas, Perot became a salesman for IBM after serving in the United States Navy. In 1962, he founded Electronic Data Systems, a data processing service company. In 1984, General Motors bought a controlling interest in the company for $2.4 billion. Perot established Perot Systems in 1988 and was an angel investor for NeXT, a computer company founded by Steve Jobs after he left Apple. Perot also became heavily involved in the Vietnam War POW/MIA issue, arguing that hundreds of American servicemen were left behind in Southeast Asia after the Vietnam War. During President George H. W. Bush’s tenure, Perot became increasingly active in politics and strongly opposed the Gulf War and ratification of the North American Free Trade Agreement.

In 1992, Perot announced his intention to run for president and advocated a balanced budget, an end to the outsourcing of jobs, and the enactment of electronic direct democracy. A June 1992 Gallup poll showed Perot leading a three-way race against President Bush and presumptive Democratic nominee Bill Clinton. Perot briefly withdrew from the race in July, but re-entered the race in early October after he qualified for all 50 state ballots. He chose Admiral James Stockdale as his running mate and appeared in the 1992 debates with Bush and Clinton. In the election, Perot received 18.9% of the popular vote, but did not win any electoral votes. He won support from across the ideological and partisan spectrum, but performed best among self-described moderates. Perot ran for president again in 1996, establishing the Reform Party as a vehicle for his campaign. He won 8.4% of the popular vote against President Clinton and Republican nominee Bob Dole.

Perot did not seek public office again after 1996 and did not enter the 2000 Reform Party presidential primaries. He endorsed Republican George W. Bush over Reform nominee Pat Buchanan in the 2000 election and supported Republican Mitt Romney in 2008 and 2012. In 2009, Dell acquired Perot Systems for $3.9 billion. According to Forbes, Perot was the 167th richest person in the United States in 2016.

In 1992, Ross Perot ran unsuccessfully as an independent candidate for President of the United States. Perot, a Texas industrialist, had never served as a public official but had experience as the head of several successful corporations and had been involved in public affairs for the previous three decades. Spawned by the American dissatisfaction with the political system, grassroots organizations sprang up in every state to help Perot achieve ballot access following his announcement on the February 20, 1992 edition of Larry King Live. James Stockdale, a retired United States Navy vice admiral, was Perot’s vice presidential running mate.
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