Madelin was minister of Industry in
Prime Minister Jacques Chirac's cabinet from 1986 to 1988, a minister of Business in Prime Minister
Édouard Balladur's cabinet from 1993 to 1995, and a
minister of Economy and Finances in Prime Minister
Alain Juppé's cabinet. He resigned after only three months, citing economic policy differences with Alain Juppé. He was a member of the
National Assembly from 1978 to 2007 as representative for
Ille-et-Vilaine's
fourth constituency. Madelin unsuccessfully ran in 1996 for president of the
Union for French Democracy (UDF), and was defeated by
François Léotard. He was elected as leader of the Parti Républicain, a part of the UDF coalition, which he renamed Démocratie Libérale. In 1998, Démocratie Libérale split from the UDF. Madelin's obtained slightly less than 4% of the vote in the 2002 presidential election and merged his party into the UMP. After 2002, although his former supporter
Jean-Pierre Raffarin became Prime minister, and as a result of the end of Démocratie Libérale, Madelin's influence in French national politics dwindled. As a
classical liberal, he was a strong supporter of
laissez-faire economics and was also a candidate in the
2002 French presidential election as the leader of the
Liberal Democracy party, where he scored 3.91% on the first round. Following the election, he became a member of the
Union for a Popular Movement (UMP). Madelin is the French major politician the most in favor of the international policies of the
United States, and supported the United States-led
2003 invasion of Iraq. Because of this, he has, in the past, generally been considered with favor by the US press. He did not seek reelection in the
2007 elections, ending his involvement in partisan politics. == Political career==