Why did George HW Bush lose the presidency?
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.

### Instruction:
Why did George HW Bush lose the presidency?

### Input:
Bush lost the 1992 presidential election to Democrat Bill Clinton following an economic recession, his turnaround on his tax promise, and the decreased emphasis of foreign policy in a post–Cold War political climate.

### Response:

Bush lost the 1992 presidential election to Democrat Bill Clinton following an economic recession, his turnaround on his tax promise, and the decreased emphasis of foreign policy in a post–Cold War political climate.
George HW Bush lost the presidency due to an economic recession and his turnaround on a tax promise