No, you didn't read my post. I assigned no blame to Clinton about the bubble that occured under his administration. My only point was that bubbles are inherently unstable. When the bubble from the Clinton years collapsed, the Bush response of lowering taxes did work in terms of stimulating the economy and hence created/restored millions of jobs lost when the dotcom bubble collapsed. Now we have the collapse of the housing bubble and the resulting loss of jobs. To try to blame this on the Bush tax cuts is just plain silly - in fact one could say it is the result of drinking the Dem koolaid where everything is Bush's fault.