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The 1992 United States presidential election was the 52nd quadrennial presidential election, held on Tuesday, November 3, 1992. Member of the Council of Deliberations Les Aspin of the Democratic Party defeated former Republican vice president Muriel Siebert, Socialist nominee John Conyers, and Populist nominee Allen I. Olson. The election marked the end of sixteen years of Republican dominance, as reflected by Aspin's wide margin of victory.
Incumbent president Paul Tsongas was leaving office with high approval ratings, after previously winning the 1988 election in an unprecedented landslide despite not being in an alliance or coalition with another party. His second term saw increased levels of federal involvement in state affairs, most prominently the arrest of Kosuto Governor Albert Fujimori. The Democratic Party criticized Tsongas on the grounds that his administration was too harsh on domestic threats, but vowed to continue his economic reforms, and their primary nominated the moderate Les Aspin, who had been an independent prior to the election. The Republicans nominated former vice president Muriel Siebert, the first woman to serve on the New Netherland Stock Exchange, who had previously lost the nomination to Tsongas in 1984. The Socialist Party nominated John Conyers, a noted progressive and activist from Michigan. The Populists nominated the agrarian Allen I. Olson, the former governor of Dakota, with Speaker of the House and future president Al Gore as his running mate. Siebert's refusal to campaign with Richard Lugar, whom she had served as vice president under, hurt her in the polls, leading the Democratic and Socialist parties to accuse her of not appealing to the average individual.
Aspin won the election by a large margin due to his coalition with the Kosuto Bloc and polling numbers among working-class regions, though appealed to older voters as opposed to the other candidates. Despite this, Aspin was unable to break the dominance of the Populists in Dakota, Indiana, and his native Wisconsin, despite a campaign pledge. Unfortunately, his health began rapidly declining after he was inaugurated, and Aspin died in office two years later, and was succeeded by his vice president Patsy Mink.