Bill Clinton is inaugurated as the 42nd president of the United States

Our democracy must be not only the envy of the world but the engine of our own renewal. There is nothing wrong with America that cannot be cured by what is right with America.”

— Bill Clinton in his first presidential inauguration

Bill Clinton inaugurated Jan. 20 as the 42nd President, Al Gore VP. Clinton had no mandate from the 1992 election, winning only 43% of the popular vote, and face a Congress with dwindling Democratic majorities and a growing right-wing Republican insurgency that sought tax reductions for the wealthy, elimination of the capital gains tax for corporations, state rights, reduction of the federal budget and Medicare and federal regulations, revival of the Reagan Revolution social agenda for school prayer, anti-abortion, immigration restriction, neo-isolationism that was xenophobic, unilateralist, anti-internationalist, opposed participation in UN peacekeeping missions, opposed the IMF bailouts of Mexico in 1994 and Yeltsin's Russia in 1996 and Brazil in 1998 and the "Asian economic flu" in 1997-98.