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«
Read my lips: no new taxes! »,
the famous George Bush's 1988 presidential
campaign leitmotif.
In the
fall of 1990, during the Gulf crisis, President
Bush broke his pledge on taxes. In his Memories,
George Bush emphasize that «
[he] had to decide between a compromise on
taxes or literally to shut down the
government ».
But « when
push came to shove and our troops were moving
overseas, [the administration] needed a fully
functioning government »1.
After
these necessary tax increases, President Bush
took «
a terrible flak on [his] credibility ».
This is an explanation of his electoral defeat
in 1992.
__________
1. G. Bush
and B. Scowcroft, A
World Transformed,
Knopf, 1st ed. Sept. 1998, p. 380.
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