In a perfect world, Clinton/Rubin wouldn't have pushed for a ruinous strong dollar policy, and Greenspan would have recognized that the end of Y2K spending would have put the brakes on our economy without his "help." GWB would have recognized that our economy was suffering from a drop in business spending (which mostly goes for technology), not consumer spending.
Yes, and all signs now point to increased business spending. Increased consumer spending leads to increased business spending, not the other way around. BTW, from what I hear, the transportation industry (trucking) is in the process of buying new trucks to replace the older ones that they have because they haven't been replacing them as much because the economy wasn't that good and because of uncertainty. Just another real life example.