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While I don’t dispute the article, I question why the “internet revolution” is never mentioned as part of the reason Clinton’s economy boomed. Companies were able to achieve economies of scale because the internet allowed the reduction of labor with the substitution of capital. New businesses flourished to support the internet, or take advantage of it, and the impact was huge.

While I don’t dispute the article, I question why the “internet revolution” is never mentioned as part of the reason Clinton’s economy boomed.

Part of the problem is that our side wants to counter "Clinton's economy" with "Lewinski" and "is".

I saw a video a few years ago, where Clinton was giving a speech when a heckler started yelling "Lewinski", as if no one who supports Clinton knew about that. Clinton responded with his claim to being the last President to balance the budget in the last 40 years, and everyone cheered him. So much for screaming "Lewinski"

Nobody thinks Clinton was a great husband. Many credit him for the great economy during his years. We need to stop screaming "Lewinski" and "is" and start refuting "Clinton's economy".

IMHO.

Thanks for bringing up the hidden part of the Clinton spin. It's hidden because of the all-or-nothing emotionalism that comes with bubbles. When the Internet/tech bubble was roaring, the Internetization of retail and supply chains would purportedly eliminate scarcity and deliver us all to unicorn-and-rainbow land :) I had a ringside seat to the mania in '99, and I remember seeing claims that became more and more unbelievable as the bubble roared to its climax. The funny thing about that era was, the contrarian who saw "unbelievable" as a get-out signal would have been sitting on his hands for more than a year while the bubble kept roaring. The specifics now elude me, but I recall seeing several too-good-to-be-true bubble narratives as '99 turned into '00.

And...as human nature would have it, the emotionalism flipped on its head when the bubble came crashing down. The good that the tech industry acomplished was buried in the subsequent revulsion.

That flip-flop emotionalism is part of every bubble. Gold had a bad rep in the 1980s even though it went from $300/oz in '82 to more than $450/oz in '87. With the market crashes of '87 and '89 came the claim that the Reagan prosperity was all illusory. It never changes.