1992 Presidential Election
In December 1991, Ramos declared his candidacy for President. He however, lost the nomination of the dominant party Laban ng Demokratikong Pilipino (LDP) to House Speaker Ramon Mitra, Jr. Days later, he bolted and did not respect LDP and cried foul and founded the Partido Lakas Tao (People Power Party), inviting Cebu Governor Emilio Mario Osmeña as his Vice President. The party formed a coalition with the National Union of Christian Democrats (NUCD) of Senator Raul Manglapus and the United Muslim Democrats of the Philippines (UMDP) of Ambassador Sanchez Ali. Ramos and Osmeña, together with Congressman (later House Speaker) Jose de Venecia, campaigned for economic reforms and improved national security and unity.
He won the seven-way race on May 11, 1992, narrowly defeating populist Agrarian Reform Secretary Miriam Defensor Santiago. Despite winning, he garnered only 23.58% of the vote, the lowest plurality in the country's history. The election results were marred by allegations of fraud, though cheating on a large scale has not been proven. However, his running mate, Governor Osmeña, lost to Senator Joseph Estrada as Vice President.
Read more about this topic: Fidel V. Ramos
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