Perot's Announces New Party
Video Clip from 1995
In a news update from CNN Center [00:16], the focus is on the upcoming closing arguments in the O.J. Simpson double murder trial. Simultaneously, billionaire Ross Perot made a significant announcement on the Larry King Show [00:21].
YouTube Video
Perot Forms Third Party
Ross Perot declared his intention to form a third party in preparation for the 1996 election. This new political entity will be known as the Independence Party, or the Reform Party in states where the former name presents a conflict [01:10].
Representing the Unrepresented
Perot emphasized that this party aims to represent the 62% of the population who feel their interests are not currently addressed by the existing political framework. He assured that the party would remain independent and free from the influence of special interests [00:48].
Reactions and Historical Context
George Bush's former press secretary, Marlon Fitzwater, offered a critical perspective, suggesting that Perot views politics as a "giant video game for billionaires" [01:22]. President Clinton responded by stating his commitment to balancing the budget and advocating for political reform, leaving the ultimate judgment to the American people [01:37]. The update concludes with a historical note: throughout the history of the United States, no third party has ever succeeded in winning a presidential election [01:55].