Word: perots
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Texas billionaire H. Ross Perot has a habit of defying the odds. Born in humble circumstances in Texarkana, Texas, he graduated from the U.S. Naval Academy, spent four years at sea, then went to work briefly for IBM. In 1962 he struck out on his own, launching Dallas-based Electronic Data Systems with $1,000 in savings. He sold it to General Motors 22 years later for $2.5 billion. Along the way, Perot has displayed a willingness to use his wealth for heroic purposes -- and a thirst for publicity. In 1969 he tried to deliver two planeloads of medicine, clothing...
Assuming that Perot can get on the ballots of all 50 states, there is little chance that he could win the election. But George Bush's political advisers fear Perot could drain off enough votes in key states to deny the President a second term. The squirming that his candidacy has touched off among politicians delights Perot, who plans to finance his independent campaign privately and will not accept donations larger than...
What kind of President would Perot make? He considers abortion "a woman's choice," and is a backer of education reforms. If elected, he has promised to introduce a number of provocative -- and in some cases wildly impractical -- innovations...
...Perot calls for a radical populism using citizens' input to attack economic and social problems. To fund the national debt, he would ban deficit spending, bill Japan and Europe for defense costs and overhaul the tax system. He would also sell government planes to curb travel costs, shorten political campaigns and pressure Congressmen to give up re-election war chests...
...early to tell how many state ballots Perot can get on, but one thing is certain: Perot need not worry about raising money. Says he: "We will not fail for lack of funds...