This has been a long time in the making, and many of these presidents that you say created booms are very much part of the problem. Just making the economy grow at any cost should not be the goal.
Over the past 30 some years we have had massive creation of credit, lowering interest rates and encouraging people to spend their savings which isn't necessarily a good thing in the long run even if it grows the economy. The problem we have now is that we are not living within our means. We have no savings anymore because of low interest rates, credit cards, student loans, and house mortgages all heavily encouraged by the government. We are stretched far to thin. All of these things at one point were part of the booms are now coming together to create a massive bust. When the people aren't spending the government steps in and spends money making any kind of savings you might have had worthless. When the economy suffers the fed steps in to lower interest rates and print more money. None of this is remotely sustainable. Just so that in the short term everything might look a little bit better for a little longer. The government is the problem.
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