The term '92 Campaign Issue' refers to the North American Free Trade Agreement (NAFTA) which was signed into law in 1992 by President George H.W. Bush. NAFTA was a trade agreement between the United States, Canada, and Mexico that aimed to reduce tariffs and other trade barriers between the three countries. The agreement was controversial at the time, with many arguing that it would lead to job losses in the US and an increase in illegal immigration from Mexico. The issue was a major campaign issue in the 1992 US Presidential election, with both candidates taking opposing stances on the agreement.