GEORGE BUSH The votes were in; the election was over. On the 20th of January 1989, Republican George Herbert Walker Bush became the forty-first president of the United States. After serving two previous terms as Ronald Reagan's Vice President, he defeated Governor of Massachusetts Michael S. Dukakis to earn his new title. Bush had become President at a time when many Americans were uncertain about their country's future. The federal government was intensely in debt due to prior years of budget deficits. Imported foods were more valuable then exports which questioned the United State's economic standing.