as one who took a severe beatin' when the telecom/.com bubble burst, i note that you may not accurately remember just how the economy was fairing when the hanky panky was going on in the whitehouse!
"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated, but those who torment us for our own good will torment us to no end for they do so with the approval of their own conscience."
C S Lewis
As for major hostilities being over... Maybe. But we still have folks getting shot and blown up in A-Stan on a fairly regular basis. Some of them from right here in the town I live and work. Right next to Fort Campbell. Interesting how the media never does the casualty counts anymore.