No 1993-1999 was built entirely on the explosion of the internet and the cell phone. Eventually it became a house of cards. This had a lot more to do with time and place rather than any person, or group’s, specific policies.
RE : than any person, or groups, specific policies.
I think is was both.
1993 There was a common belief that the debt deficit was hurting the economy. Now everyone (most voices) says that massive borrowing beyond everyones imaginations is required. I assume deficit mania will come later. This is why Obama may be a political success.