Y2K was X-42’s (Clinton’s) “bailout” plan for dummies. Some estimate that the Y2K hysteria resulted in trillions of dollars, that would have been otherwise unspent, being spent by the government, businesses, and individuals on Y2K “upgrades” and the associated effect the infusion of all that new spending had on the economy - not to mention the propulsion of Microsoft stock into heights of astronomical values previously unknown. When G.W. Bush took office, everything would have imploded - but then the Golden Goose was discovered: FannieMae and FreddieMac.
We should remember that there was a legitimate bug and had it not been fixed would have caused major problems. A lot of the upgrade money spent was legitimate. Some wasn’t. And of course that golden goose did explode, I’m in tech, remember the dot-com meltdown, a lot of that was Y2K unwind as a lot of companies had bought the system of the future and didn’t need anymore. Sales for many companies suffered dramatically largely because Y2K inflated them.