The Clinton Victory refers to Bill Clinton's election as the 42nd President of the United States in 1992, where he defeated incumbent President George H.W. Bush. This victory was significant not only because it ended over a decade of Republican control of the presidency but also because it was rooted in the context of economic recession and a public's discontent with the previous administration's handling of domestic issues, including the famous campaign promise 'Read My Lips: No New Taxes' made by Bush.