And that was an incredible boom for which Slick Willie deserves no credit. Algore gets all the credit for that.
But it was an incredible boom to the economy as every variety of communications company began building the infrastructure to offer internet service, plus the permanent jobs created and the tens of millions of consumers who began to subscribe to internet service, and all the ecommerce that was created as a result.
All having nothing to do with anything Slick, or Algore did. And it was only partially a bubble as much of it became a longer term, growing part of our economy.
Go back and read about Global Crossing. It may cause you to rethink the benefit of technology infrastructure. I will not deny the benefit of technology but I would submit the corruption it created for which we are still suffering negated any benefit. Solyndra? McAwful’s golf cart company? I could go on and on.
Think about it. Benefits to the economy provided by innovation are small increments that have to accumulate over time. How much progress is destroyed by a Global Crossing or Solyndra? Small, slow, cumulative gains are destroyed in a flash by corruption. Systemic corruption, which, right up to this moment has not been reigned in.