That, along with Ross Perot getting 19% of the popular vote.
Bingo
Bush I had the highest approval rating - past or present - of any US president.
A year later - he lost reelection.
Go figure.
There’s plenty of blame to be placed upon the George Herbert Walker Bush reelection campaign.
It was one of the laziest campaigns of all time. Bush behaved as if he was entitled to a second term and it was beneath his aristocratic dignity to conduct a campaign at all. He did not hit the trail until it was abundantly clear that he was behind in the polls.
Worst candidate since Herbert C. Hoover in 1932. Bush 41 lost a winnable contest.