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Ross Perot, billionaire who sought presidency, dead at 89

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AFP Washington
Last Updated : Jul 10 2019 | 12:55 AM IST

Ross Perot, the self-made billionaire and computer industry giant whose two runs for president as an outsider shook up American politics, died Tuesday at 89, his family said.

"A true American patriot and a man of rare vision, principle and deep compassion, he touched the lives of countless people through his unwavering support of the military and veterans and through his charitable endeavors," the family said in a statement.

The trailblazing Texas tycoon, technology pioneer and philanthropist died at his Dallas home, after what the Dallas Morning News described as a five-month battle with leukemia.

Perot delivered a shock performance as an independent in the 1992 presidential race, capturing 19 percent of the vote and syphoning off conservative support.

He memorably warned of a "giant sucking sound" of US jobs moving to Mexico, striking populist themes that would resurface later in the conservative Tea Party Movement and Donald Trump's 2016 White House campaign.

Perot's strong showing, also fueled by his clarion call to slash government deficits, helped seal Democrat Bill Clinton's victory over incumbent George H.W. Bush.

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No other independent or third-party candidate has won such a large slice of the vote since 1912, and he foretold the impact that strong, focused third-party campaigns could have on modern White House race.

His deft use of half-hour infomercials about himself and his candidacy proved popular, as were his memorable debate appearances alongside Clinton and Bush in 1992.

When Bush asked what experience Perot had to run the country, the retort from Perot -- who spent $63 million of his fortune on the race -- was a corker.

"I don't have any experience in running up a $4 trillion debt," Perot fired back in his high-pitched twang.

"I don't have any experience in gridlock government where nobody takes responsibility for anything and everybody blames everybody else ... but I do have a lot of experience in getting things done." Four years later Perot ran again, on the Reform Party ticket. But he did not fare as well, and Clinton was re-elected.

Perot's first campaign caused a schism between him and the Bush family, with fellow Texan George W. Bush blaming Perot for denying his father a second term.

On Tuesday, the 43rd president hailed Perot as an American icon.

"Texas and America have lost a strong patriot," Bush said in a statement. "Ross Perot epitomized the entrepreneurial spirit and the American creed."

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jul 10 2019 | 12:55 AM IST

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