[Mr. Jeeves]

That period should probably be called "The Internet Recovery."

If somebody wants to invent something equally transcendent now (are you listening, Al?) then we can have another "recovery." Clinton was just the puppet who happened to be sitting in the chair when that time came.

[petro45acp]

“That period should probably be called “The Internet Recovery.” “

Bingo.... With the first mega IPO based on an idea (Netscape, and the browser wars), the dot-com kaboom was born. Less tangible than a housing boom, but substantial in its ability to generate capital (or at least the illusion of capital).

In other words, He Didn’t Build That! (he rode it.....”insert” off-color ribaldry here)

Slick willie also strengthened the CRA, continuing and expanding the home lending boom and its eventual collapse.

.02,
Your mileage may vary