Prices don't just decline. But he admits that a 30 percent drop in stock prices could cause one by early 2000. There are other unfavorable signs. If the economy sours, a political fallout might follow. The boom has pushed popular expectations to lofty, probably unrealistic, heights.
People hold incumbents responsible for the economy.
In many ways this is unfair. But politicians encourage it by self-congratulation for any success. President Clinton has embraced this tradition. His policies didn't make the boom, nor will they break it. News Jobs AP Shopping Archives Entertain.