Economic cycles come and go, there is almost nothing the government can do to stop them, what they can do, however is to
create higher highs and/or lower lows
I'm probably repeating myself for about the 20ies time here, but
for the last 20 years the government/fed were trying to get a smoothout effect.. basically to have milder recessions, of course this created a series of bubbles, which none of the presidents wanted to deal with and just pushed them forward, causing the fallout of 2007-2009
Government inaction is the best possible policy though, hence i vote of stalemate
.
Btw, Svetlana, please tell us how the republicans when they gained total control in 2000 pushed to swiftly reverse all the bad Clinton policies?