The presidential election of 1992 was probably one of the most unique in recent memory, with the strongest third party showing since Teddy Roosevelt eighty years previous. It realigned the electoral map in a big way, and its impact can still be felt in American politics today.
What if George H.W. Bush, through whatever means, scraped by the skin of his teeth into reelection? It would be close, and by the time 1996 rolled around, he'd probably have some awfully low approval ratings, given the recession and an averted Republican Revolution in '94.
So, unless some serious political maneuvering occurs, the Democratic nominee is all but handed the keys to the White House. Question is, who's it gonna be?