Have you ever heard of the business cycle? A president's ability to control the direction of the stock market is vastly overrated. About the only thing he can do is lower taxes and have the Fed make realistic changes in the money supply. The economic success during the Clinton years was almost certainly in spite of him, rather than because of him. Since we don't get the benefit of a control group living in a parallel universe, we are left with the following nonsensical syllogism:
Clinton raised taxes.
The economy was good.
Therefore, raising taxes is good for the economy.
No one will ever know what would have happened in the nineties, with the private sector booming as AlGore's Internet was developed, the personal computer becoming ubiquitous, and the wireless communications industry getting off the ground. Attributing the success of the economy in the nineties to Clinton's economic policy, whatever it was, is a fallacy. Casey Stengel won pennants year after year with the Yankees. When he managed the brand new Mets, the team set a record for futility. Sometimes the manager doesn't have all that much to do with it.
How many championships has Phil Jackson won without Michael Jordan or Shaq on his team?