Word: perotism
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...Perot then called the Virginia home of Powell, who was resting from the rigors of signing 4,000 copies a day of his memoir and deciding whether to run for President. Powell listened and asked questions as Perot explained his new party and his desire that it nominate some candidate other than himself for President--say, Powell or retiring Senator Bill Bradley, the New Jersey Democrat. The new party "will build a war chest of $60 million at least," Perot subsequently explained to TIME, so its candidate "won't have to go out with a tambourine and beg the special...
...Perot seems to realize he will never be President; too many Americans distrust and dislike him after his paranoid and imperious performances, from his baseless charge during the 1992 campaign that the G.O.P. was trying to disrupt his daughter's wedding through the 1993 debate with Vice President Al Gore over trade. In a TIME/CNN poll conducted last week, 54% of those surveyed believe Perot's formation of the new party is "good for the country." A two-thirds majority, however, think Perot should not be that party's candidate for President...
...Perot is determined to retain influence in presidential politics, and his success could already be seen last week in the reactions of the presidential hopefuls. Most Republicans expressed anger that Perot might again, as in 1992, draw votes away from their nominee and thus help Bill Clinton. At the same time, though, candidates Lamar Alexander and Pat Buchanan--and President Clinton--tried to ape Perot's independent appeal by distancing themselves from the congressional "insiders" who dominate their respective parties...
President Clinton, while declining public comment, was privately elated at Perot's announcement. And he took pains to cultivate his own image as a free agent. "The Democrats in Congress can be more partisan and lead the party, but I have to think more about leading the country," the President told Time. "I have to make clear where I stand, but I can't let that get in the way of doing what's good for the country." Clinton's most formidable rival on the Republican side, Senate majority leader Robert Dole, referring to Perot's legislative agenda, grumped...
...Buchanan, he just tried to outdo Perot at his own game, setting out again last week to champion some of the Texas billionaire's pet causes. Buchanan's top aides were relaxing in a hotel bar after a long day of campaigning in New Hampshire when someone began reading aloud the first wire story on Perot's new party, and the group started plotting how to respond. Buchanan, however, joined Perot's attack on lavish congressional pensions, an issue stirring fresh voter outrage since the disclosure that disgraced Senator Bob Packwood will receive $89,000 a year for life. Referring...