Please. Show me where Clinton did that. I'd sooner think it was Greenspan.
I realize you're probably speaking loosely about what happened during his administration, but I hate to give the old slime-ball credit for it.
Notice the article is not complementary, and a lot of the opinion was similar at the time, because people did not think that rates could go lower then 7%. Well, Clinton gambled and won big, because rates fell far below 7%. (America did benefit from this)
However, in a rising interest rate environment, the same strategy will lose big. For the same reason, everyone was rushing to refinance their homes when the rates went lower. Now rates are going higher, and no one wants to refinance. If we keep buying short term bonds, we will have to refinance every year, when we could choose to lock in 30 year rates.