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!
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.