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Henry Ross Perot ( ; June 27, 1930 – July 9, 2019) was an American businessman, politician, and philanthropist. He was the founder and chief executive officer of
Electronic Data Systems Electronic Data Systems (EDS) Corporation was an American multinational corporation, multinational information technology equipment and services company headquartered in Plano, Texas, which was founded in 1962 by Ross Perot. The company was a s ...
and
Perot Systems Perot Systems Corporation was an information technology services provider founded in 1988 by a group of investors led by Ross Perot and based in Plano, Texas, United States. Perot Systems provided information technology services in the industries ...
. He ran an
independent Independent or Independents may refer to: Arts, entertainment, and media Artist groups * Independents (artist group), a group of modernist painters based in Pennsylvania, United States * Independentes (English: Independents), a Portuguese artist ...
campaign in the 1992 U.S. presidential election and a
third-party Third party may refer to: Business * Third-party source, a supplier company not owned by the buyer or seller * Third-party beneficiary, a person who could sue on a contract, despite not being an active party * Third-party insurance, such as a veh ...
campaign in the 1996 U.S. presidential election as the nominee of the Reform Party, which was formed by
grassroots A grassroots movement is one that uses the people in a given district, region or community as the basis for a political or continent movement. Grassroots movements and organizations use collective action from volunteers at the local level to imp ...
supporters of Perot's 1992 campaign. Although he failed to carry a single state in either election, both campaigns were among the stronger presidential showings by a third party or independent candidate in U.S. history. Born and raised in
Texarkana, Texas Texarkana is a city in Bowie County, Texas, United States, in the Ark-La-Tex region. Located approximately from Dallas, Texarkana is a twin cities, twin city with neighboring Texarkana, Arkansas. The Texas city's population was 36,193 at the 2 ...
, Perot became a salesman for
IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...
after serving in the
United States Navy The United States Navy (USN) is the naval warfare, maritime military branch, service branch of the United States Department of Defense. It is the world's most powerful navy with the largest Displacement (ship), displacement, at 4.5 millio ...
. In 1962, he founded Electronic Data Systems, a data processing service company. In 1984,
General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...
bought a controlling interest in the company for $2.4 billion ($ billion in ). Perot established
Perot Systems Perot Systems Corporation was an information technology services provider founded in 1988 by a group of investors led by Ross Perot and based in Plano, Texas, United States. Perot Systems provided information technology services in the industries ...
in 1988 and was an
angel investor An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital to a business or businesses, including startups, usually in exchange for convertible de ...
for
NeXT NeXT, Inc. (later NeXT Computer, Inc. and NeXT Software, Inc.) was an American technology company headquartered in Redwood City, California that specialized in computer workstations for higher education and business markets, and later develope ...
, a computer company founded by
Steve Jobs Steven Paul Jobs (February 24, 1955 – October 5, 2011) was an American businessman, inventor, and investor best known for co-founding the technology company Apple Inc. Jobs was also the founder of NeXT and chairman and majority shareholder o ...
after he left
Apple An apple is a round, edible fruit produced by an apple tree (''Malus'' spp.). Fruit trees of the orchard or domestic apple (''Malus domestica''), the most widely grown in the genus, are agriculture, cultivated worldwide. The tree originated ...
. Perot also became heavily involved in the
Vietnam War POW/MIA issue The Vietnam War POW/MIA issue concerns the fate of United States servicemen who were reported as missing in action (MIA) during the Vietnam War and associated theaters of operation in Southeast Asia. Following the Paris Peace Accords of 1973, 59 ...
, arguing that hundreds of American servicemen were left behind in Southeast Asia after the
Vietnam War The Vietnam War (1 November 1955 – 30 April 1975) was an armed conflict in Vietnam, Laos, and Cambodia fought between North Vietnam (Democratic Republic of Vietnam) and South Vietnam (Republic of Vietnam) and their allies. North Vietnam w ...
. During the presidency of
George H. W. Bush George Herbert Walker BushBefore the outcome of the 2000 United States presidential election, he was usually referred to simply as "George Bush" but became more commonly known as "George H. W. Bush", "Bush Senior," "Bush 41," and even "Bush th ...
, Perot became increasingly active in politics and strongly opposed both the
Gulf War , combatant2 = , commander1 = , commander2 = , strength1 = Over 950,000 soldiers3,113 tanks1,800 aircraft2,200 artillery systems , page = https://www.govinfo.gov/content/pkg/GAOREPORTS-PEMD-96- ...
and the ratification of the
North American Free Trade Agreement The North American Free Trade Agreement (, TLCAN; , ALÉNA), referred to colloquially in the Anglosphere as NAFTA, ( ) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. The ...
. 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 E-democracy (a blend of the terms electronic and democracy), also known as digital democracy or Internet democracy, uses information and communication technology (ICT) in political and governance processes. The term is credited to digital act ...
. A June 1992 Gallup poll showed Perot leading a three-way race against President Bush and presumptive Democratic nominee
Bill Clinton William Jefferson Clinton (né Blythe III; born August 19, 1946) is an American politician and lawyer who was the 42nd president of the United States from 1993 to 2001. A member of the Democratic Party (United States), Democratic Party, ...
. Perot 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 James Bond Stockdale (December 23, 1923 – July 5, 2005) was a United States Navy Vice admiral (United States), vice admiral and United States naval aviator, aviator who was awarded the Medal of Honor in the Vietnam War, during which he was a pr ...
as his running mate and appeared in the 1992 debates with Bush and Clinton. In the election, Perot did not win any electoral votes, but won over 19.7 million votes for an 18.9% share of the popular vote. 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 percent of the popular vote against President Clinton and Republican nominee
Bob Dole Robert Joseph Dole (July 22, 1923 – December 5, 2021) was an American politician and attorney who represented Kansas in the United States Senate from 1969 to 1996. He was the Party leaders of the United States Senate, Republican Leader of th ...
. Perot did not seek public office again after 1996. He endorsed Republican
George W. Bush George Walker Bush (born July 6, 1946) is an American politician and businessman who was the 43rd president of the United States from 2001 to 2009. A member of the Bush family and the Republican Party (United States), Republican Party, he i ...
over Reform nominee
Pat Buchanan Patrick Joseph Buchanan ( ; born November 2, 1938) is an American paleoconservative author, political commentator, and politician. He was an assistant and special consultant to U.S. presidents Richard Nixon, Gerald Ford, and Ronald Reagan. He ...
in the 2000 election and supported Republican
Mitt Romney Willard Mitt Romney (born March 12, 1947) is an American businessman and retired politician. He served as a United States Senate, United States senator from Utah from 2019 to 2025 and as the 70th governor of Massachusetts from 2003 to 2007 ...
in 2008 and 2012. In 2009,
Dell Dell Inc. is an American technology company that develops, sells, repairs, and supports personal computers (PCs), Server (computing), servers, data storage devices, network switches, software, computer peripherals including printers and webcam ...
acquired Perot Systems for $3.9 billion ($ billion in ). According to ''
Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
'', Perot was the 167th richest person in the United States as of 2016. Perot died from
leukemia Leukemia ( also spelled leukaemia; pronounced ) is a group of blood cancers that usually begin in the bone marrow and produce high numbers of abnormal blood cells. These blood cells are not fully developed and are called ''blasts'' or '' ...
in
Dallas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...
, Texas, on July 9, 2019. He was 89 years old.


Early life, education, and military career

Ross Perot was born in
Texarkana, Texas Texarkana is a city in Bowie County, Texas, United States, in the Ark-La-Tex region. Located approximately from Dallas, Texarkana is a twin cities, twin city with neighboring Texarkana, Arkansas. The Texas city's population was 36,193 at the 2 ...
in 1930, the son of Lula May (
née The birth name is the name of the person given upon their birth. The term may be applied to the surname, the given name or to the entire name. Where births are required to be officially registered, the entire name entered onto a births registe ...
Ray) and Gabriel Ross Perot, a
commodity broker A commodity broker is a firm or an individual who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contra ...
specializing in cotton contracts. He had an older brother, Gabriel Perot Jr., who died as a toddler. His patrilineal line traces back to a
French-Canadian French Canadians, referred to as Canadiens mainly before the nineteenth century, are an ethnic group descended from French colonists first arriving in France's colony of Canada in 1608. The vast majority of French Canadians live in the prov ...
immigrant to the colony of Louisiana in the 1740s. Perot attended a local private school, Patty Hill, before graduating from Texas High School in Texarkana in 1947. His first job, at eight years old, was helping to distribute the ''
Texarkana Gazette The ''Texarkana Gazette'' is a daily newspaper founded in 1875 and currently owned by WEHCO Media, Inc. It serves a nine-county area surrounding Texarkana. History The previous afternoon daily, the ''Texarkana Daily News'', ceased publicatio ...
'' as a paperboy. He joined the
Boy Scouts of America Scouting America is the largest scouting organization and one of the largest List of youth organizations, youth organizations in the United States, with over 1 million youth, including nearly 200,000 female participants. Founded as the Boy Sco ...
and made Eagle Scout in 1942, after 13 months in the program, and was a recipient of the
Distinguished Eagle Scout Award The Distinguished Eagle Scout Award (DESA) is a distinguished service award of the Boy Scouts of America (BSA). It is awarded to an Eagle Scout who has achieved extraordinary national-level recognition, fame, or eminence within their profession ...
. One of Perot's childhood friends was Hayes McClerkin, who later became the Speaker of the
Arkansas House of Representatives The Arkansas House of Representatives is the lower house of the Arkansas General Assembly, the state legislature of the US state of Arkansas. The House has 100 members elected from an equal number of constituencies across the state. Each distr ...
and a prominent lawyer in
Texarkana, Arkansas Texarkana is a city in the U.S. state of Arkansas and the county seat of Miller County, on the southwest border of the state. As of the 2020 census, it had a population of 29,387. It is the twin city of Texarkana, Texas, located just acros ...
. From 1947 to 1949, he attended Texarkana Junior College, then entered the
United States Naval Academy The United States Naval Academy (USNA, Navy, or Annapolis) is a United States Service academies, federal service academy in Annapolis, Maryland. It was established on 10 October 1845 during the tenure of George Bancroft as United States Secre ...
in 1949 and helped establish its
honor system An honor system, trust system or honesty system is a way of running a variety of endeavors based on trust, honor, and honesty. The honor system is also a system granting freedom from customary surveillance (as to students or prisoners) with ...
. Perot claimed his appointment notice to the academy—sent by telegram—was sent by W. Lee "Pappy" O'Daniel, Texas's 34th governor and former senator. Perot served as a junior officer on a destroyer, and later, an aircraft carrier from 1953 to 1957. Perot, who had only ever owned one pair of shoes at a time, was shocked to find that he was issued multiple pairs of shoes in the navy, which he would later point to as "possibly my first example of government waste". Perot then went to the Naval Reserve, which he left on June 30, 1961, with the rank of
lieutenant A lieutenant ( , ; abbreviated Lt., Lt, LT, Lieut and similar) is a Junior officer, junior commissioned officer rank in the armed forces of many nations, as well as fire services, emergency medical services, Security agency, security services ...
. His father died when Perot was 25 years old. In 1956, Perot married Margot Birmingham, whom he met on a blind date as a midshipman docked in
Baltimore Baltimore is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census and estimated at 568,271 in 2024, it is the 30th-most populous U.S. city. The Baltimore metropolitan area is the 20th-large ...
.


Business

After he left the Navy in 1957, Perot became a salesman for
IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...
. He quickly became a top employee (one year, he fulfilled his annual sales quota in two weeks) and tried to pitch his ideas to supervisors, who largely ignored him. He left IBM in 1962 to found
Electronic Data Systems Electronic Data Systems (EDS) Corporation was an American multinational corporation, multinational information technology equipment and services company headquartered in Plano, Texas, which was founded in 1962 by Ross Perot. The company was a s ...
(EDS) in
Dallas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...
, Texas, and courted large corporations for his data processing services. Perot was denied bids for contracts 77 times before receiving his first contract. EDS received lucrative contracts from the
US government The Federal Government of the United States of America (U.S. federal government or U.S. government) is the national government of the United States. The U.S. federal government is composed of three distinct branches: legislative, execut ...
in the 1960s, computerizing Medicare records. EDS went public in 1968, and the stock price rose from $16 a share to $160 within days. ''
Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fate * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (19 ...
'' called Perot the "fastest, richest Texan" in a 1968 cover story. In December 1969, his shares in EDS were briefly worth $1 billion. Perot gained some press attention for being "the biggest individual loser ever on the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
" when his EDS shares dropped $445 million ($ billion in today's money) in value in a single day in April 1970. While EDS boasted strong earnings in 1970, its exceptionally high price-to-earnings ratio, reaching 118 times earnings at its initial public offering in 1968, made it a prime target for a bear raid. The stock's vulnerability was compounded by the fact that a significant portion of the publicly traded shares were "weakly held" by fast-performance
mutual funds A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investmen ...
prone to rapid selling at the first sign of trouble. When the stock price began to decline on April 22nd, likely due to large-scale short selling, these
institutional investors An institutional investor is an entity that pools money to purchase security (finance), securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, s ...
quickly unloaded their holdings, triggering a panic sell-off and a precipitous drop in the share price. This dramatic single-day decline in EDS stock was part of a broader collapse in the technology sector during the second quarter of 1970. The average computer stock plummeted 80% from its peak in late 1968. University Computing, for instance, suffered a devastating 93% loss in value. The overall market downturn, reflected in a 19% drop in the S&P 500 during that quarter, was further fueled by a recessionary environment, growing sociopolitical unrest related to the
Vietnam War The Vietnam War (1 November 1955 – 30 April 1975) was an armed conflict in Vietnam, Laos, and Cambodia fought between North Vietnam (Democratic Republic of Vietnam) and South Vietnam (Republic of Vietnam) and their allies. North Vietnam w ...
and events like the
Kent State shootings The Kent State shootings (also known as the Kent State massacre or May 4 massacre"These would be the first of many probes into what soon became known as the Kent State Massacre. Like the Boston Massacre almost exactly two hundred years before (Ma ...
, and a general loss of confidence in the market after a period of exuberant speculation. Coincidentally, the EDS crash occurred on the first
Earth Day Earth Day is an annual event on April 22 to demonstrate support for environmental protection. First held on April 22, 1970, it now includes a wide range of events coordinated globally through earthday.org (formerly Earth Day Network) includin ...
, adding to the symbolic significance of the event. In 1984,
General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...
bought a controlling interest in EDS for $2.4 billion ($ billion). In 1985, Perot sold EDS to General Motors with the idea that he and EDS would have a leadership role within the company. However, Perot's plan was ignored by the management of General Motors, prompting Perot to leave and later found Perot Systems. Perot's experience with GM contributed to him becoming an outspoken critic of corporate America. In the same year, Perot became the second-richest man in the United States, only behind Sam Moore Walton, with a fortune estimated at $1.8 billion ($ billion), according to the
Forbes 400 The ''Forbes'' 400 or 400 Richest Americans is a list published by ''Forbes'' magazine of the wealthiest 400 American citizens who own assets in the U.S., ranked by net worth. The 400 was started by Malcolm Forbes in 1982 and the list is ...
list of the wealthiest people in the United States. Just before the 1979
Iranian Revolution The Iranian Revolution (, ), also known as the 1979 Revolution, or the Islamic Revolution of 1979 (, ) was a series of events that culminated in the overthrow of the Pahlavi dynasty in 1979. The revolution led to the replacement of the Impe ...
, the government of Iran imprisoned two EDS employees in a contract dispute. Perot organized and sponsored their rescue. The rescue team was led by retired
United States Army Special Forces The United States Army Special Forces (SF), colloquially known as the "Green Berets" due to their distinctive service Berets of the United States Army, headgear, is a branch of the United States Army United States Army Special Operations Comm ...
Colonel Colonel ( ; abbreviated as Col., Col, or COL) is a senior military Officer (armed forces), officer rank used in many countries. It is also used in some police forces and paramilitary organizations. In the 17th, 18th, and 19th centuries, a colon ...
Arthur D. "Bull" Simons. When the team was unable to find a way to extract the two prisoners, they decided to wait for a group of revolutionaries to storm the jail and free all 10,000 inmates, many of whom were political prisoners. The two prisoners then connected with the rescue team, which led them out of Iran through a border crossing into Turkey. The exploit was recounted in the book '' On Wings of Eagles'' by Ken Follett. In 1986 this was turned into a two-part television mini-series (alternatively titled "Teheran") with the actor
Burt Lancaster Burton Stephen Lancaster (November 2, 1913 – October 20, 1994) was an American actor. Initially known for playing tough characters with tender hearts, he went on to achieve success with more complex and challenging roles over a 45-year caree ...
playing the role of Colonel Simons and
Richard Crenna Richard Donald Crenna (November 30, 1926 – January 17, 2003) was an American actor and television director. Crenna starred in such motion pictures as '' Made in Paris'' (1966), '' Marooned'' (1969), '' Breakheart Pass'' (1975), '' The Evil'' ...
as Perot. In 1984, Perot's Perot Foundation bought a very early copy of
Magna Carta (Medieval Latin for "Great Charter"), sometimes spelled Magna Charta, is a royal charter of rights agreed to by King John of England at Runnymede, near Windsor, on 15 June 1215. First drafted by the Archbishop of Canterbury, Cardin ...
, one of only a few to leave the United Kingdom. The foundation lent it to the
National Archives National archives are the archives of a country. The concept evolved in various nations at the dawn of modernity based on the impact of nationalism upon bureaucratic processes of paperwork retention. Conceptual development From the Middle Ages i ...
in Washington, D.C., where it was displayed alongside the
Declaration of Independence A declaration of independence is an assertion by a polity in a defined territory that it is independent and constitutes a state. Such places are usually declared from part or all of the territory of another state or failed state, or are breaka ...
and the
Constitution of the United States The Constitution of the United States is the Supremacy Clause, supreme law of the United States, United States of America. It superseded the Articles of Confederation, the nation's first constitution, on March 4, 1789. Originally includi ...
. In 2007, the foundation sold it to
David Rubenstein David Mark Rubenstein (born August 11, 1949) is an American lawyer, businessman, and philanthropist. A former government official, he is a co-founder and co-chairman of the Carlyle Group,The Carlyle Group The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...
for $21.3 million ($ million) to be used "for medical research, for improving public education and for assisting wounded soldiers and their families". It remains on display at the National Archives. After
Steve Jobs Steven Paul Jobs (February 24, 1955 – October 5, 2011) was an American businessman, inventor, and investor best known for co-founding the technology company Apple Inc. Jobs was also the founder of NeXT and chairman and majority shareholder o ...
lost the power struggle at Apple and left to found
NeXT NeXT, Inc. (later NeXT Computer, Inc. and NeXT Software, Inc.) was an American technology company headquartered in Redwood City, California that specialized in computer workstations for higher education and business markets, and later develope ...
, his angel investor was Perot, who invested over $20 million. Perot believed in Jobs and did not want to miss out, as he had with his chance to invest in
Bill Gates William Henry Gates III (born October 28, 1955) is an American businessman and philanthropist. A pioneer of the microcomputer revolution of the 1970s and 1980s, he co-founded the software company Microsoft in 1975 with his childhood friend ...
's fledgling
Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...
. In 1988, he founded
Perot Systems Perot Systems Corporation was an information technology services provider founded in 1988 by a group of investors led by Ross Perot and based in Plano, Texas, United States. Perot Systems provided information technology services in the industries ...
in
Plano, Texas Plano ( ; Spanish language, Spanish for "flat surface" /'plano/) is a city in the U.S. state of Texas, where it is the largest city in Collin County, Texas, Collin County. A small portion of Plano is located in Denton County, Texas, Denton Count ...
. His son, Ross Perot Jr., eventually succeeded him as CEO. In September 2009, Perot Systems was acquired by Dell for $3.9 billion ($ billion).


Political activities


Early political activities

After a visit to
Laos Laos, officially the Lao People's Democratic Republic (LPDR), is the only landlocked country in Southeast Asia. It is bordered by Myanmar and China to the northwest, Vietnam to the east, Cambodia to the southeast, and Thailand to the west and ...
in 1969, made at the request of the
White House The White House is the official residence and workplace of the president of the United States. Located at 1600 Pennsylvania Avenue Northwest (Washington, D.C.), NW in Washington, D.C., it has served as the residence of every U.S. president ...
, in which he met with senior
North Vietnam North Vietnam, officially the Democratic Republic of Vietnam (DRV; ; VNDCCH), was a country in Southeast Asia from 1945 to 1976, with sovereignty fully recognized in 1954 Geneva Conference, 1954. A member of the communist Eastern Bloc, it o ...
ese officials, Perot became heavily involved in the
Vietnam War POW/MIA issue The Vietnam War POW/MIA issue concerns the fate of United States servicemen who were reported as missing in action (MIA) during the Vietnam War and associated theaters of operation in Southeast Asia. Following the Paris Peace Accords of 1973, 59 ...
. He believed that hundreds of American servicemen were left behind in Southeast Asia at the end of the U.S. involvement in the war, and that government officials were covering up POW/MIA investigations to avoid revealing a drug-smuggling operation used to finance a secret war in Laos. Perot engaged in unauthorized back-channel discussions with Vietnamese officials in the late 1980s, which led to fractured relations between Perot and the Reagan and George H. W. Bush administrations. In 1990, Perot reached an agreement with Vietnam's Foreign Ministry to become its business agent if diplomatic relations were normalized. Perot also launched private investigations of, and attacks upon,
United States Department of Defense The United States Department of Defense (DoD, USDOD, or DOD) is an United States federal executive departments, executive department of the federal government of the United States, U.S. federal government charged with coordinating and superv ...
official Richard Armitage. In Florida in 1990, retired financial planner Jack Gargan, employing a famous quotation from the 1976 movie '' Network'', funded a series of "I'm mad as hell and I'm not going to take it anymore" newspaper advertisements denouncing Congress for voting to give legislators pay raises at a time when average wages nationwide were not increasing. Gargan later founded "Throw the Hypocritical Rascals Out" (THRO), which Perot supported. Perot did not support President
George H. W. Bush George Herbert Walker BushBefore the outcome of the 2000 United States presidential election, he was usually referred to simply as "George Bush" but became more commonly known as "George H. W. Bush", "Bush Senior," "Bush 41," and even "Bush th ...
, and vigorously opposed the United States' involvement in the 1990–1991
Persian Gulf War , combatant2 = , commander1 = , commander2 = , strength1 = Over 950,000 soldiers3,113 tanks1,800 aircraft2,200 artillery systems , page = https://www.govinfo.gov/content/pkg/GAOREPORTS-PEMD-96- ...
. He unsuccessfully urged Senators to vote against the war resolution, and began to consider a presidential run.


1992 presidential campaign

On February 20, 1992, Perot appeared on
CNN Cable News Network (CNN) is a multinational news organization operating, most notably, a website and a TV channel headquartered in Atlanta. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable ne ...
's ''
Larry King Live ''Larry King Live'' is an American television talk show broadcast by CNN from June 3, 1985 to December 16, 2010. Hosted by Larry King, it was the network's most watched and longest-running program, with over one million viewers nightly. Ma ...
'' and announced his intention to run as an independent if his supporters could get his name on the ballot in all 50 states. With such declared policies as balancing the federal budget, favoring certain types of gun control, ending the outsourcing of jobs and enacting
electronic direct democracy E-democracy (a blend of the terms electronic and democracy), also known as digital democracy or Internet democracy, uses information and communication technology (ICT) in political and governance processes. The term is credited to digital act ...
via "electronic town halls", he became a potential candidate and soon polled roughly even with the two major-party candidates. Perot denounced Congress for its inaction in a speech at the National Press Club in Washington, D.C., on March 18, 1992; he said: Perot's candidacy received increasing media attention when the competitive phase of the primary season ended for the two major parties. With the insurgent candidacies of Republican
Pat Buchanan Patrick Joseph Buchanan ( ; born November 2, 1938) is an American paleoconservative author, political commentator, and politician. He was an assistant and special consultant to U.S. presidents Richard Nixon, Gerald Ford, and Ronald Reagan. He ...
and Democrat
Jerry Brown Edmund Gerald Brown Jr. (born April 7, 1938) is an American lawyer, author, and politician who served as the 34th and 39th governor of California from 1975 to 1983 and 2011 to 2019. A member of the Democratic Party (United States), Democratic P ...
winding down, Perot was the natural beneficiary of
populist Populism is a contested concept used to refer to a variety of political stances that emphasize the idea of the " common people" and often position this group in opposition to a perceived elite. It is frequently associated with anti-establis ...
resentment toward establishment politicians. On May 25, 1992, he was featured on the cover of ''
Time Time is the continuous progression of existence that occurs in an apparently irreversible process, irreversible succession from the past, through the present, and into the future. It is a component quantity of various measurements used to sequ ...
'' with the title "Waiting for Perot", an allusion to
Samuel Beckett Samuel Barclay Beckett (; 13 April 1906 – 22 December 1989) was an Irish writer of novels, plays, short stories, and poems. Writing in both English and French, his literary and theatrical work features bleak, impersonal, and Tragicomedy, tra ...
's play ''
Waiting for Godot ''Waiting for Godot'' ( or ) is a 1953 play by Irish writer and playwright Samuel Beckett, in which the two main characters, Vladimir (Waiting for Godot), Vladimir (Didi) and Estragon (Gogo), engage in a variety of discussions and encounters w ...
''. Several months before the Democratic and Republican conventions, Perot filled the vacuum of election news, as his supporters began petition drives to get him on the ballot in all 50 states. This sense of momentum was reinforced when Perot employed two savvy campaign managers in Democrat
Hamilton Jordan William Hamilton McWhorter Jordan () (September 21, 1944 – May 20, 2008) was an American politician who served as Chief of Staff to President of the United States Jimmy Carter. Early life Jordan was born in Charlotte, North Carolina, the son ...
and Republican Ed Rollins. While Perot was pondering whether to run for office, his supporters established a campaign organization United We Stand America. Perot was late in making formal policy proposals, but most of what he did call for was intended to reduce the deficit, such as a
fuel tax A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries, the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedica ...
increase and cutbacks to
Social Security Welfare spending is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance ...
. In June, Perot led a
Gallup poll Gallup, Inc. is an American multinational analytics and advisory company based in Washington, D.C. Founded by George Gallup in 1935, the company became known for its public opinion polls conducted worldwide. Gallup provides analytics and man ...
with 39% of the vote. In July, the Perot campaign fell into disarray and his polls fell sharply. The 1992 Democratic National Convention was held on Monday, July 13 through Thursday, July 16, during which time there was increased media coverage of the general election. ''
The Milwaukee Sentinel The ''Milwaukee Journal Sentinel'' is a daily morning broadsheet printed in Milwaukee, Wisconsin, where it is the primary newspaper and also the largest newspaper in the state of Wisconsin, where it is widely read. It was purchased by the G ...
'' reported that Perot's campaign managers were becoming increasingly disillusioned by Perot's unwillingness to follow their advice to be more specific on issues, and his need to be in full control of operations. The '' St. Petersburg Times'' reported such tactics as forcing volunteers to sign
loyalty oath Loyalty is a Fixation (psychology), devotion to a country, philosophy, group, or person. Philosophers disagree on what can be an object of loyalty, as some argue that loyalty is strictly interpersonal and only another human being can be the obj ...
s. Perot's poll numbers had slipped to 25%, and his advisers warned that if he continued to ignore them, he would fall into single digits. Hamilton Jordan (a high-ranking manager in the Perot campaign) allegedly threatened to quit, but senior campaign officials denied this. On July 15, Ed Rollins resigned after Perot fired advertisement specialist Hal Riney, who had worked with Rollins on the Reagan campaign. Rollins would later claim that a member of the campaign accused him of being a Bush plant with ties to the
Central Intelligence Agency The Central Intelligence Agency (CIA; ) is a civilian foreign intelligence service of the federal government of the United States tasked with advancing national security through collecting and analyzing intelligence from around the world and ...
. Amid the chaos, Perot's support fell to 20%. The next day, Perot announced on ''Larry King Live'' that he would not seek the presidency. He explained that he did not want the
House of Representatives House of Representatives is the name of legislative bodies in many countries and sub-national entities. In many countries, the House of Representatives is the lower house of a bicameral legislature, with the corresponding upper house often ...
to decide the election if the result caused the electoral college to be split. Perot eventually stated the reason was that he received threats that digitally altered photographs would be released by the Bush campaign to sabotage his daughter's wedding. Whatever his reasons for withdrawing, his reputation was badly damaged. Many of his supporters felt betrayed, and public opinion polls subsequently showed a largely negative view of Perot that was absent before his decision to end the campaign. In September, he qualified for all 50 state ballots. On October 1, he announced his intention to re-enter the presidential race. He campaigned in 16 states and spent an estimated $12.3 million of his own money. Perot employed the innovative strategy of purchasing half-hour blocks of time on major networks for
infomercial An infomercial is a form of television commercial that resembles regular TV programming yet is intended to promote or sell a product, service or idea. It generally includes a toll-free telephone number or website. Most often used as a form of di ...
-type campaign advertisements; this advertising garnered more viewership than many sitcoms, with one Friday night program in October attracting 10.5 million viewers. At one point in June, Perot led the polls with 39% (versus 31% for Bush and 25% for Clinton). Just prior to the debates, Perot received 7–9% support in nationwide polls. The debates likely played a significant role in his ultimate receipt of almost 19% of the popular vote. Although his answers during the debates were often general, Frank Newport of Gallup concluded that Perot "convincingly won the first debate, coming in significantly ahead of both the Democratic challenger Clinton and incumbent President George H.W. Bush". In the debate, he remarked: In the 1992 election, he received 18.9% of the popular vote, about 19,741,065 votes, but no
electoral college An electoral college is a body whose task is to elect a candidate to a particular office. It is mostly used in the political context for a constitutional body that appoints the head of state or government, and sometimes the upper parliament ...
votes, making him the most successful non-major-party presidential candidate in terms of share of the popular vote since
Theodore Roosevelt Theodore Roosevelt Jr. (October 27, 1858 – January 6, 1919), also known as Teddy or T.R., was the 26th president of the United States, serving from 1901 to 1909. Roosevelt previously was involved in New York (state), New York politics, incl ...
in the 1912 election. Unlike Perot, however, multiple third-party candidates since Roosevelt had won electoral college votes:
Robert La Follette Robert Marion La Follette Sr. (June 14, 1855June 18, 1925), nicknamed "Fighting Bob," was an American lawyer and politician. He represented Wisconsin in both chambers of Congress and served as the 20th governor of Wisconsin from 1901 to 1906. ...
in 1924,
Strom Thurmond James Strom Thurmond Sr. (December 5, 1902 – June 26, 2003) was an American politician who represented South Carolina in the United States Senate from 1954 to 2003. Before his 49 years as a senator, he served as the 103rd governor of South ...
in 1948, and
George Wallace George Corley Wallace Jr. (August 25, 1919 – September 13, 1998) was an American politician who was the 45th and longest-serving governor of Alabama (1963–1967; 1971–1979; 1983–1987), and the List of longest-serving governors of U.S. s ...
in 1968. Compared with Thurmond and Wallace, who polled very strongly in a small number of states, Perot's vote was more evenly spread across the country. Perot managed to finish second in two states: in
Maine Maine ( ) is a U.S. state, state in the New England region of the United States, and the northeasternmost state in the Contiguous United States. It borders New Hampshire to the west, the Gulf of Maine to the southeast, and the Provinces and ...
, Perot received 30.44% of the vote—ahead of part-time resident Bush's 30.39% (Clinton won Maine with 38.77%); and in
Utah Utah is a landlocked state in the Mountain states, Mountain West subregion of the Western United States. It is one of the Four Corners states, sharing a border with Arizona, Colorado, and New Mexico. It also borders Wyoming to the northea ...
, Perot received 27.34% of the vote—ahead of Clinton's 24.65% (Bush won Utah with 43.36%). Although Perot did not win a state, he received a plurality of votes in some counties. His popular vote total is still by far the most ever garnered for a non-major-party candidate, almost double the previous record set by Wallace in 1968. A detailed analysis of voting demographics revealed that Perot's support drew heavily from across the political spectrum, with 20% of his votes coming from self-described liberals, 27% from self-described
conservatives Conservatism is a cultural, social, and political philosophy and ideology that seeks to promote and preserve traditional institutions, customs, and values. The central tenets of conservatism may vary in relation to the culture and civilizati ...
, and 53% coming from self-described moderates. Economically, however, the majority of Perot voters (57%) were middle class, earning between $15,000 and $49,000 annually, with the bulk of the remainder drawing from the upper-middle class (29% earning more than $50,000 annually). Exit polls also showed that 38% of Perot voters would have otherwise voted for Bush, and 38% would have voted for Clinton. Though there were widespread claims that Perot acted as a "spoiler", post-election analysis suggested that his presence in the race likely did not affect the outcome. According to
Seymour Martin Lipset Seymour Martin Lipset ( ; March 18, 1922 – December 31, 2006) was an American sociologist and political scientist. His major work was in the fields of political sociology, trade union organization, social stratification, public opinion, and t ...
, the 1992 election had several unique characteristics. Voters felt that economic conditions were worse than they actually were, which harmed Bush. A strong third-party candidate was a rare event. Liberals launched a backlash against 12 years of a conservative White House. The chief factor was Clinton's uniting his party, and winning over a number of heterogeneous groups. In 2016,
FiveThirtyEight ''FiveThirtyEight'', also rendered as ''538'', was an American website that focused on opinion poll analysis, politics, economics, and sports blogging in the United States. The website, which took its name from the number of electors in the U ...
described the theory that Perot was a spoiler as "unlikely". Based on his performance in the popular vote in 1992, Perot was entitled to receive federal election funding for 1996. Perot remained in the public eye after the election and championed opposition to the
North American Free Trade Agreement The North American Free Trade Agreement (, TLCAN; , ALÉNA), referred to colloquially in the Anglosphere as NAFTA, ( ) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. The ...
(NAFTA). During the campaign, he had urged voters to listen for the " giant sucking sound" of American jobs heading south to Mexico should NAFTA be ratified.


Reform Party and 1996 presidential campaign


1996 presidential campaign

Perot tried to keep his movement alive through the mid-1990s, continuing to speak about the increasing national debt. He was a prominent campaigner against NAFTA, and frequently claimed that American manufacturing jobs would go to Mexico. On November 10, 1993, Perot debated with then-Vice President
Al Gore Albert Arnold Gore Jr. (born March 31, 1948) is an American former politician, businessman, and environmentalist who served as the 45th vice president of the United States from 1993 to 2001 under President Bill Clinton. He previously served as ...
on the issue on ''Larry King Live'' with an audience of 16 million viewers. Perot's behavior during the debate was a source of mirth thereafter, including his repeated pleas to "let me finish" in his southern drawl. The debate was seen by many as effectively ending Perot's political career. Support for NAFTA went from 34% to 57%. In 1995, he founded the Reform Party and won their presidential nomination for the
1996 United States presidential election United States presidential election, Presidential elections were held in the United States on November 5, 1996. Incumbent Democratic Party (United States), Democratic President Bill Clinton and his running mate, incumbent Democratic Vice Presi ...
. His vice presidential running mate was Pat Choate. Because of the ballot access laws, he had to run as an independent on many state ballots. Perot received 8% of the popular vote in 1996, lower than in the 1992 race, but still an unusually successful third-party showing by U.S. standards. He spent much less of his own money in this race than he had four years prior, and he also allowed other people to contribute to his campaign, unlike his prior race. One common explanation for the decline was Perot's exclusion from the presidential debates, based on the preferences of the Democratic and Republican party candidates. Law professor
Jamie Raskin Jamin Ben Raskin (born December 13, 1962) is an American attorney, law professor, and politician serving as the United States House of Representatives, U.S. representative for Maryland's 8th congressional district since 2017. A member of the Demo ...
filed a lawsuit over Perot's exclusion years later.


Later activities

In the 2000 presidential election, Perot refused to become openly involved with the internal Reform Party dispute between supporters of
Pat Buchanan Patrick Joseph Buchanan ( ; born November 2, 1938) is an American paleoconservative author, political commentator, and politician. He was an assistant and special consultant to U.S. presidents Richard Nixon, Gerald Ford, and Ronald Reagan. He ...
and John Hagelin. Perot was reportedly unhappy with what he saw as the disintegration of the party, as well as his own portrayal in the press; thus, he chose to remain quiet. He appeared on ''Larry King Live'' four days before the election and endorsed
George W. Bush George Walker Bush (born July 6, 1946) is an American politician and businessman who was the 43rd president of the United States from 2001 to 2009. A member of the Bush family and the Republican Party (United States), Republican Party, he i ...
for president. Despite his earlier opposition to NAFTA, Perot remained largely silent about expanded use of guest-worker visas in the United States, with Buchanan supporters attributing this silence to his corporate reliance on foreign workers. In 2005, Perot was asked to testify before the
Texas Legislature The Texas State Legislature is the state legislature of the U.S. state of Texas. It is a bicameral body composed of a 31-member Senate and a 150-member House of Representatives. The state legislature meets at the Capitol in Austin. It is a p ...
in support of proposals to extend access to technology to students, including making laptops available to them. He supported changing the process of buying textbooks by making
e-book An ebook (short for electronic book), also spelled as e-book or eBook, is a book publication made available in electronic form, consisting of text, images, or both, readable on the flat-panel display of computers or other electronic devices. Al ...
s available and by allowing schools to purchase books at the local level instead of going through the state. In an April 2005 interview, Perot expressed concern about the state of progress on issues that he had raised in his presidential runs. In January 2008, Perot publicly came out against Republican candidate
John McCain John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American statesman and United States Navy, naval officer who represented the Arizona, state of Arizona in United States Congress, Congress for over 35 years, first as ...
and endorsed
Mitt Romney Willard Mitt Romney (born March 12, 1947) is an American businessman and retired politician. He served as a United States Senate, United States senator from Utah from 2019 to 2025 and as the 70th governor of Massachusetts from 2003 to 2007 ...
for president. He also announced that he would soon be launching a new website with updated economic graphs and charts. In June 2008, his blog launched, focusing on
entitlements An entitlement is a government program guaranteeing access to some benefit by members of a specific group and based on established rights or by legislation. A "right" is itself an entitlement associated with a moral or social principle, while an ...
( Medicare,
Medicaid Medicaid is a government program in the United States that provides health insurance for adults and children with limited income and resources. The program is partially funded and primarily managed by U.S. state, state governments, which also h ...
,
Social security Welfare spending is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance ...
), the U.S. national debt, and related issues. In 2012, Perot endorsed Romney for president again. Perot did not give any endorsements for the 2016 election.


Political views

Perot did not fit the usual political stereotypes; his views were seen as either pragmatic or populist, depending on the observer, and usually focused on his economic policy, such as balancing the budget, to gain support from both Democratic and Republican voters. Perot supported stricter gun control such as an assault weapons ban and supported increased research in
AIDS The HIV, human immunodeficiency virus (HIV) is a retrovirus that attacks the immune system. Without treatment, it can lead to a spectrum of conditions including acquired immunodeficiency syndrome (AIDS). It is a Preventive healthcare, pr ...
. Perot was hesitant on covering the issue of
gay rights Rights affecting lesbian, gay, bisexual, transgender and queer (LGBTQ) people vary greatly by country or jurisdiction—encompassing everything from the legal recognition of same-sex marriage to the death penalty for homosexuality. Not ...
during his 1992 campaign, but openly supported gay rights in
1996 1996 was designated as: * International Year for the Eradication of Poverty Events January * January 8 – A Zairean cargo plane crashes into a crowded market in the center of the capital city of the Democratic Republic of the Congo ...
. Perot spoke in favor of "comprehensive national health care plan — one that would be akin to Medicare but for all Americans, not just the needy". He also became known for his opposition to NAFTA; Perot believed that the power of corporations must be curbed, and saw the transfer of jobs to other countries as a symbol of corruption and inequality. He argued that such trade agreements only benefited the companies while robbing the US of its tax base and blue-collar jobs. Perot famously stated during the October 15 debate that NAFTA would create a " giant sucking sound" on American jobs. The populism of Ross Perot is hard to define and is a contested topic amongst political scientists. Perot was described as a "classical populist", liberal populist, "telepopulist" and also a "third way" populist. Neal Allen and Brian J. Brox argue that Perot was neither left nor right-wing ideologically, and focused first and foremost on promoting reforms of the political process and grassroots democracy; despite this, they also found some notable similarities between Perot and the left-wing populism of
Ralph Nader Ralph Nader (; born February 27, 1934) is an American lawyer and political activist involved in consumer protection, environmentalism, and government reform causes. He is a Perennial candidate, perennial presidential candidate. His 1965 book '' ...
, and an average Perot voter had liberal leanings. Anton Pelinka described Perot's ideology as the "populism of the centre", presenting a distinct form of populism that significantly differed from left-wing and right-wing populist movements that appeared in the USA. Matthijs Rooduijn argues that Perot was an example of a liberal populist with centre-left leanings, noting his hostility to
Reaganomics Reaganomics (; a portmanteau of ''Reagan'' and ''economics'' attributed to Paul Harvey), or Reaganism, were the Neoliberalism, neoliberal economics, economic policies promoted by United States President, U.S. President Ronald Reagan during the ...
- in the 1992 election, Perot stated that USA was in crisis caused by "the decade of greed, the era of trickle-down economics". In his famous ''The Populist Explosion: How the Great Recession Transformed American and European Politics'' publication,
John Judis John B. Judis is an author and American journalist, an editor-at-large at ''Talking Points Memo'', a former senior writer at the ''National Journal'', and a former senior editor at ''The New Republic''. Education Judis was born in Chicago to a f ...
wrote that "Perot represented a left and center-left populism", in tradition of the Populist Party and
Huey Long Huey Pierce Long Jr. (August 30, 1893September 10, 1935), nicknamed "The Kingfish", was an American politician who served as the 40th governor of Louisiana from 1928 to 1932 and as a United States senator from 1932 until his assassination i ...
. According to Judis, Perot "represented the first clear repudiation of the neoliberal agenda." Regarding foreign policy, Perot was an outspoken opponent of the
Gulf War , combatant2 = , commander1 = , commander2 = , strength1 = Over 950,000 soldiers3,113 tanks1,800 aircraft2,200 artillery systems , page = https://www.govinfo.gov/content/pkg/GAOREPORTS-PEMD-96- ...
and condemned Bush for the military intervention against Iraq. He instead promoted a more isolationist foreign policy, arguing that USA should focus on rebuilding its economy. In his 1992 presidential campaign, Perot stated that his "highest foreign policy priority is to get our house in order and make America work again". He attacked Bush for his ties to Saddam Hussein prior to the invasion of Kuwait - according to Perot, the Bush administration covertly aided Hussein's chemical weapons programs and turned a blind eye to Iraqi plans against Kuwait, instructing April Glaspie to greenlight Hussein's invasion on assumption that he would only seize Kuwait's northern oil fields. Perot claimed that Bush invaded Iraq because its actions threatened Bush's "manhood", and stated: "off we go into the wild blue yonder with the lives of our servicemen at risk because of 10 years of stupid mistakes". Perot also focused on anti-lobbying and political reform proposals - he favored a presidential line item veto against "
pork barrel ''Pork barrel'', or simply ''pork'', is a metaphor for allocating government spending to localized projects in the representative's district or for securing direct expenditures primarily serving the sole interests of the representative. The u ...
spending and waste", elimination of
political action committee In the United States, a political action committee (PAC) is a tax-exempt 527 organization that pools campaign contributions from members and donates those funds to campaigns for or against candidates, ballot initiatives, or legislation. The l ...
s (PACs) to curb the influence of special interest groups, replacement of the
Gramm–Rudman–Hollings Balanced Budget Act The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 (both often known as Gramm–Rudman) were the first binding spending constrai ...
with a different balanced budget apparatus that would focus on limiting "tricks, loopholes, and improper accounting procedures" and a ban on exit polling during elections. He also postulated a ban on lobbying. From 1992, Perot was a
pro-choice Abortion-rights movements, also self-styled as pro-choice movements, are movements that advocate for legal access to induced abortion services, including elective abortion. They seek to represent and support women who wish to terminate their ...
activist, and a strong supporter of
Planned Parenthood The Planned Parenthood Federation of America, Inc. (PPFA), or simply Planned Parenthood, is an American nonprofit organization
. He stated that poorer women in particular should have access to abortions via federal funding. From 2000, he was pro-choice reluctantly.


Economic policy

Perot believed taxes should be increased on the wealthy, while spending should be cut to help pay off the national debt. Perot also believed the capital gains tax should be increased, while giving tax breaks to those starting new businesses. Together with increased taxes on the wealthy, Perot also supported curbing entitlement payments and tax rebates to the affluent, and spoke in favor of eliminating the government's air fleet and other Washington perks for legislators, mocking the privileges that the US legislators enjoyed. He also argued that the government should protect the job base through intervention in the market. He spoke in support of creating a national industrial ministry based on the Japanese
Ministry of International Trade and Industry The was a Ministry (government department), ministry of the Government of Japan from 1949 to 2001. The MITI was one of the most powerful government agencies in Japan and, at the height of its influence, effectively ran much of Japanese industri ...
, which would increase state control over large businesses and direct their investment. Perot stressed that the government should ensure that both public and private investments would target the "industries of the future". When asked about objections to his plans from free-market advocates, Perot said: "Don’t they realize that the biogenetics industry is the result of our federally funded research universities and the
National Institutes of Health The National Institutes of Health (NIH) is the primary agency of the United States government responsible for biomedical and public health research. It was founded in 1887 and is part of the United States Department of Health and Human Service ...
?" Perot was strongly opposed to
neoliberalism Neoliberalism is a political and economic ideology that advocates for free-market capitalism, which became dominant in policy-making from the late 20th century onward. The term has multiple, competing definitions, and is most often used pe ...
, and was credited with marking the "first clear repudiation" of the neoliberal economic policies pursued by
Ronald Reagan Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party (United States), Republican Party a ...
: In his 1993 book ''Not For Sale at Any Price'', Perot expressed support for giving tax cuts for
small and medium-sized enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organiza ...
, as opposed to larger corporations. Additionally, Perot supported a
balanced budget A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budge ...
amendment, stating, "spending should not exceed revenue for 27 consecutive years." On trade, Perot stated that
NAFTA The North American Free Trade Agreement (, TLCAN; , ALÉNA), referred to colloquially in the Anglosphere as NAFTA, ( ) was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. The ...
caused the trade deficit between Mexico and the United States and a loss of manufacturing jobs. His position on free trade and NAFTA became his defining campaign principle of both the 1992 and 1996 presidential elections. Perot argued: "We have got to stop sending jobs overseas. It's pretty simple: If you're paying $12, $13, $14 an hour for factory workers and you can move your factory south of the border, pay a dollar an hour for labor, ... have no health care—that's the most expensive single element in making a car—have no environmental controls, no pollution controls and no retirement, and you don't care about anything but making money, there will be a giant sucking sound going south." For the 1992 election, Perot unveiled an ambitious budget program that would balance the budget through redistributive policies. The most prominent element of the plan was Perot's proposal to raise the income tax bracket of 4% wealthiest households from 31 to 33 percent, and to raise it further to 35 percent in the future. Other points included increasing the taxable portion of Social Security benefits from 50 to 85 percent for recipients with income of $25,000 or more, as well as implementing a tax on hitherto tax-free employer-paid health insurance, with Perot arguing that a tax-free workplace insurance creates an unfair advantage for those who receive health insurance through their job. The plan also called for doubling cigarette tax and increasing gasoline tax by 50 cents a gallon; Perot explained that higher gasoline tax would help conserve energy and reduce pollution, but also advocated the creation of a special allowance for the workers disproportionately affected by the higher gasoline price. The plan also included massive cuts in military spending and scrapping the proposed space station project, which Perot derided as "a vacation home in space".


Personal life and death

Perot and his wife Margot (née Birmingham; born November 15, 1933), a graduate of
Goucher College Goucher College ( ') is a Private university, private Liberal arts colleges in the United States, liberal arts college in Towson, Maryland, United States. Founded in 1885 as a Nonsectarian, nonsecterian Women's colleges in the United States, ...
, had five children including Ross Jr., and 19 grandchildren. Perot was raised in the
Methodist Methodism, also called the Methodist movement, is a Protestant Christianity, Christian Christian tradition, tradition whose origins, doctrine and practice derive from the life and teachings of John Wesley. George Whitefield and John's brother ...
faith, but he converted to
Presbyterianism Presbyterianism is a historically Reformed Protestant tradition named for its form of church government by representative assemblies of elders, known as "presbyters". Though other Reformed churches are structurally similar, the word ''Pr ...
and became a member of the Highland Park Presbyterian Church in late 1960s. He was described as very faithful in church attendance. Perot died from
leukemia Leukemia ( also spelled leukaemia; pronounced ) is a group of blood cancers that usually begin in the bone marrow and produce high numbers of abnormal blood cells. These blood cells are not fully developed and are called ''blasts'' or '' ...
in
Dallas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...
, Texas, on July 9, 2019, less than two weeks after his 89th birthday. At the time of his death, he had an estimated net worth of about $4.1 billion ($ billion in ), and was ranked by ''
Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
'' as the 167th-richest person in the United States. He was buried at the Sparkman-Hillcrest Memorial Park Cemetery and a memorial service was held at Highland Park United Methodist Church, with 1,300 guests.


Honors and achievements

* In 1970, he was the recipient of the Golden Plate Award of the
American Academy of Achievement The American Academy of Achievement, colloquially known as the Academy of Achievement, is a nonprofit educational organization that recognizes some of the highest-achieving people in diverse fields and gives them the opportunity to meet one ano ...
. * In 1985, he was inducted into the
Hall of Great Westerners The Hall of Great Westerners was established by the National Cowboy & Western Heritage Museum in 1958. Located in Oklahoma City, Oklahoma, U.S., the Hall was created to celebrate the contributions of more than 200 men and women of the American W ...
of the
National Cowboy & Western Heritage Museum The National Cowboy & Western Heritage Museum is a museum in Oklahoma City, Oklahoma, United States, with more than 28,000 Western and Native American art works and artifacts. The facility also has the world's most extensive collection of Amer ...
. * In 1986, Perot became the third American to receive the Winston Churchill Award for his efforts on behalf of American POWs in Vietnam in the 1960s and for organizing the rescue of two EDS employees from a prison in Iran. * In 1980, he received the Oak Cliff Lions Clubs' "Humanitarian Award". * In 1986, Perot received the S. Roger Horchow Award for Greatest Public Service by a Private Citizen, an award given out annually by Jefferson Awards. * Perot was inducted into the Junior Achievement U.S. Business Hall of Fame in 1988. * On April 22, 2009, Ross Perot was made an honorary Green Beret at the John F. Kennedy Special Warfare Center and School at
Fort Bragg Fort Bragg (formerly Fort Liberty from 2023–2025) is a United States Army, U.S. Army Military base, military installation located in North Carolina. It ranks among the largest military bases in the world by population, with more than 52,000 m ...
, North Carolina. * In May 2009, he was appointed an honorary chairman of the OSS Society. * On September 18, 2009, the Texarkana Independent School District named him (1947 graduate of Texas High School) as a 2009 Distinguished Alumnus. * On October 15, 2009, the
United States Military Academy The United States Military Academy (USMA), commonly known as West Point, is a United States service academies, United States service academy in West Point, New York that educates cadets for service as Officer_(armed_forces)#United_States, comm ...
at
West Point The United States Military Academy (USMA), commonly known as West Point, is a United States service academies, United States service academy in West Point, New York that educates cadets for service as Officer_(armed_forces)#United_States, comm ...
awarded him with the distinguished
Sylvanus Thayer Award The Sylvanus Thayer Award is an honor given annually by the United States Military Academy at West Point to an individual whose character and accomplishments exemplifies the motto of West Point. The award is named after the "Father of the Military ...
. * On April 20, 2010, Perot was presented with the Distinguished Leadership Award from the
Command and General Staff College The United States Army Command and General Staff College (CGSC or, obsolete, USACGSC) at Fort Leavenworth, Kansas, is a graduate school for United States Army and sister service officers, interagency representatives, and international military ...
Foundation, Inc., Fort Leavenworth, Kansas. * In honor of Perot's 80th birthday, the bridge connecting Walton and University drives in Texarkana, Texas, was named the H. Ross Perot Bridge. * On October 2, 2010, Perot was given the
William J. Donovan William Joseph "Wild Bill" Donovan (January 1, 1883 – February 8, 1959) was an American soldier, lawyer, intelligence officer and diplomat. He is best known for serving as the head of the Office of Strategic Services (OSS), the precursor to ...
Award from the OSS Society at the Mandarin Oriental Hotel in Washington, D.C. He is the 26th recipient of the award. * In September 2011, Perot accepted the Army Heritage Center Foundation's Boots on the Ground Award. * On October 28, 2011, the
Perot Museum of Nature and Science The Perot Museum of Nature and Science (shortened to Perot Museum) is a natural history and science museum in Dallas, Texas, in Victory Park. The museum was named in honor of Margot and Ross Perot. The current chief executive officer of the mus ...
announced it was naming a new species of the dinosaur genus '' Pachyrhinosaurus'' after the Perot family. The new species is named ''Pachyrhinosaurus perotorum''.


Electoral history


References


Further reading

* Berens, Charlyne. "Amplifying the giant sucking sound: Ross Perot and the media in the NAFTA negotiations." ''Newspaper Research Journal'' 20.2 (1999): 90–103. * DeFrank, Thomas M. et al. ''Quest for the Presidency, 1992''. (Texas A&M University Press. 1994). * Gold, Howard J. "Third party voting in presidential elections: A study of Perot, Anderson, and Wallace." ''Political Research Quarterly'' 48.4 (1995): 751–773. * Gross, Ken. ''Ross Perot: The Man Behind the Myth'' (Random House, 2012). * Holian, David B., Timothy B. Krebs, and Michael H. Walsh. "Constituency opinion, Ross Perot, and roll-call behavior in the US House: The case of the NAFTA." ''Legislative Studies Quarterly'' (1997): 369–392. * Jelen, Ted G., ed. ''Ross for boss: The Perot phenomenon and beyond'' (SUNY Press, 2001). * Lacy, Dean, and Barry C. Burden. "The vote-stealing and turnout effects of Ross Perot in the 1992 US presidential election." ''American Journal of Political Science'' (1999): 233–255
online
* Levin, Doron P. ''Irreconcilable Differences: Ross Perot Versus General Motors'' (New York: Plume, 1990) * Mason, Todd. ''Perot''. (Business One Irwin, 1990). An
unauthorized biography An unauthorized biography, sometimes called a kiss-and-tell, or a tell-all, is a biography written without the subject's permission or input. The term is usually restricted to biographies written within the subject's lifetime or shortly after ...
by a longtime Perot watcher. * Moore, Thomas
''The GM System is Like a Blanket of Fog''
''Fortune'', February 15, 1988 * Owen, Diana, and Jack Dennis. "Anti‐partyism in the USA and support for Ross Perot." ''European Journal of Political Research'' 29.3 (1996): 383–400. * Posner, Gerald ''Citizen Perot: His Life and Times'' (Random House, 1996). * Post, Jerrold M. "The Political psychology of the Ross Perot phenomenon." in ''The Clinton Presidency'' (Routledge, 2019. 37–56). * Rapoport, Ronald and Walter Stone. ''Three's a Crowd: The Dynamic of Third Parties, Ross Perot, and Republican Resurgence'' (Ann Arbor: University of Michigan Press, 2005). * Simons, Herbert W. "Judging a policy proposal by the company it keeps: The Gore‐Perot NAFTA debate." ''Quarterly Journal of Speech'' 82.3 (1996): 274–287.


Primary sources

* Clinton, Bill. ''My Life''. (Vintage, 2005). . * Perot, Ross. ''United We Stand: How We Can Take Back Our Country'' (1992
online
* Schulte-Sasse, Linda. "Meet Ross Perot: The Lasting Legacy of Capraesque Populism." ''Cultural Critique'' 25 (1993): 91–119
online
* ; text of the book published by Perot in 1992 to mark the launch of his presidential campaign, complete with charts. The text is hosted by the site of the organization he created that year ''United We Stand America'', as saved by ''The Internet Archive''.


External links

* * *
''Booknotes'' interview with Carolyn Barta on ''Perot and His People: Disrupting the Balance of Political Power'', January 16, 1994.
*
"Ross Perot, Presidential Contender"
from
C-SPAN Cable-Satellite Public Affairs Network (C-SPAN ) is an American Cable television in the United States, cable and Satellite television in the United States, satellite television network, created in 1979 by the cable television industry as a Non ...
's '' The Contenders'' * *
1992 election episode in CNN's Race for the White House
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