It was a ruse. The new one is tacitly encouraged mass immigration of illegals, "because we need labor", to suppress Americans' wages. Globalists double up the pressure on Americans by pushing the state to hasten the export of jobs. Greenspan and his ilk obsess about the stock market and denigrate the labor market, and adulate bubble economies.
I predict inflation will return, or a big fall of the dollar, with the new massive deficit spending in a new world where we can't export our dollars as easily as before. The Euro is gaining a growing share of the world currency market. The dollar is declining as a currency in Russia. Maybe a plan is to dump the dollars in Iraq or someplace else. Brave new markets!