In 1992, the US economy had GDP growth of 1% in Q1, 2.6% in Q2, 3% in Q3, and 3.6% in Q4, recovering from the nadir of -1% in Q2 of ’91. This was a terrible economy.
In 1992, the US was recovering from its first FIRE economy recession with new patterns of job recovery (slower, shallower gains).
In 1992, riots happened in LA with one man being brutally beaten on national television. No one went to jail for it.
In 1992, the US had a 3rd party candidate receive 19% of the popular vote.
In 1992, the media portrayed the youngest fighter pilot in WW2 (shot down over the ocean) as a wimp to cover for the Democrats running the first draft dodger.
In 1992, Goldman Sachs was at the vanguard of the capture of the Democrats with Rahm Emanuel running the new "in your face" style of campaign fundraising.
In 1992, the GOP became the aggressor in the previously unnamed culture wars with Pat Buchanan’s speech at the GOP convention. This allowed the media to portray the right as attackers and the left as victims, despite the left pushing for more liberal policies the next 20 years.
In 1992, Buchanan warned of the dangers of unchecked immigration, especially from Mexico.
In 1992, Dan Quayle warned of the dangers of glorifying single motherhood with Murphy Brown.
In 1992, Ross Perot warned of the dangers of debt and offshoring US manufacturing jobs.
In 1992, Buchanan was called a xenophobic jerk, Quayle a traditionalist idiot and Perot a hyper Chicken Little.
Who was right? Who is in charge?