Oh please. Clinton presided over the longest period of GDP growth in history to that date, and all growth periods end eventually. "Dot com bubble"? In fact this was the period of the IT revolution that put PCs in almost every home and business in the country and across much of the globe...not hard to have economic growth when you lead a technological/economic revolution, and hard not to have a contraction when that new market finally saturates and begins to cool.

In my opinion, far too much attention is paid to government and Fed actions, tax policy, deficits and debt, and far little attention is paid to demographic shifts, technological innovations, and actual changes in markets, which tend to dwarf fiscal policies that governments use to attempt to deal with larger economic tides.