This assertion by creator of the anti-tax pledge caught our attention. Did the 41^st president fail to be reelected mainly because he reversed his famous pledge of  “Read my lips: No new taxes”?

 Bush, of course, had famously promised not to raise taxes in his acceptance speech at the 1988 Republican convention, no matter how much pressure he faced from Congress. But then a soaring budget deficit — and a refusal by the Democratic-led Congress to accept only spending cuts — led him accept a tax hike in late 1990.

 The 1992 race was not just between Bill Clinton and Bush, but also businessman Ross Perot, who took 19 percent of the popular vote (but won no electoral votes.) The three-person race was a key reason why Bush won only 38 percent of the vote — and Clinton 43 percent.

 Let’s take a stroll down memory lane....