One rather ironic incident involving the economy was with George H.W. Bush, when he campaigned for president in 1988 one of his famous campaign promises echoed across the country was "Read my lips.... No new taxes". Many said this helped him win the presidency, but later in his term the Democrat controlled Congress passed legislation increasing taxes. Bush tried compromising but in the end he hurt his reputation and taxes did wind up going up, causing quite alot of controversy as a result
