Remember your Civics classes? The president has little control over the financial health of the country - Congress does.
What is happening now is cyclical, helped along by tax cuts (supply-side economics wins again). But it could have been a lot worse. Do you realize the hard hits the U.S. economy suffered over the past few years? First you had the tech bubble burst, when people realized that most of the "growth" of the 1990s was little more than wishful thinking. Then you had 9/11, and the resultant impact on travel, business and tourism. Then you had a war in Afghanistan. Then a war in Iraq. Then you had Enron and the resultant calling into question all investment values. Traditionally, any ONE of these events could cause an economy to go into recession, and the U.S. economy took all of them in rapid succession and only stuttered for a couple of years, and U.S. unemployment, while a bit high against recent standards, is still among the lowest in the civilized world. That says great things about the underlying strength of the U.S. economy.
My biggest bitch about the Clinton administration is that they did not keep better controls in place (which is the job of the President, not Congress). Enron, Xerox, Global Crossing and all the other accounting scandals happened under Clinton's watch. It is a basic truism of business (auditing in particular)that proper controls are most difficult to police in periods of rapid change or growth. While I don't think the Clinton administration intentionally turned a blind eye to problems, the SEC and other responsible organizations were caught up in the mental climate of the Clinton administration, which basked in the apparent success of the economy and did not want to do anything that might cause it to be called into question. An intelligent administration would have told the regulatory agencies to be extra vigilant. Instead they just closed their eyes and hoped for the best.
Back to the Reps vs. Dems, I tend to agree more with Republican policy than Democratic. But it would certainly be unhealthy for a long-term domination by either.
The only thing you should feel when shooting a terrorist: Recoil.