I see your point but with Clinton it was different. Never before in this countries history have we had a president to lie to the people the way he did and there be no consequence for it.
I'd argue that the four years George H.W. Bush was pres were better for SNL than any 4 under Reagan. Carvey, Hartman, Nealon, Jan Hooks, Mike Myers, Sandler, Farley, Spade, Rock, just to name a few. Those were solid years.
Kevin Nealon was pretty good but not one of my favorites players. I liked him on Weekend Update...though not as much as Dennis Miller.
The group that came in with Will Ferrell, Cheri Oteri, Molly Shannon, Chris Kattan, etc. did not grow on me very much. I've only watched the show a few times since they went through that whole cast changeover in the 90's.