THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT GEORGE HW BUSH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The Republican Party refused to support Bush
|
|
|
He lacked popular support fo the Persian Gulf War
|
|
|
The economy was in a recession and even though he promised no new taxes, Bush introduced new taxes
|
|
|
Ross Perot took votes away from him, but not from Clinton
|
Detailed explanation-1: -Responses to the crisis included the $700 billion TARP program to bail out damaged financial institutions, loans to help bail out the auto industry crisis, and bank debt guarantees. The vast majority of these funds were later recovered, as banks and auto companies paid back the government.
Detailed explanation-2: -In domestic affairs, Bush faced a large federal budget deficit that had grown to threefold since 1980. Despite insisting he was pledged to not raise taxes, Bush agreed to a budget with the Democratic-controlled Congress that raised taxes and cut spending.
Detailed explanation-3: -Which statement best describes economic conditions when President George H. W. Bush took office? The United States had a growing national debt.
Detailed explanation-4: -Clinton won, defeating Purcell by almost 7.4% of the popular vote. Even after Clinton’s victory, Purcell refused to endorse him for the general election.