Check the release date on the movie. This is art imitating life, not the other way round. UPDATE: This only precedes the Lewinsky scandal, not the range of others that came before, or the pretty widespread knowledge of his libido. I stand by my original comment.

The inspiration for the book Wag The Dog was Bush Sr.'s Gulf War. The movie version incorporated bits of the Clinton administration as well. The author asks, what if a president staged a fake war as part of an extended patriotic marketing campaign to boost poll numbers and win reelection? The main parallel with the Clinton administration is kicking off the movie with the President involved in an underage sex scandal and the flurry for damage control. Subsequent parallels eerily remind you of the recent war in Iraq. The film is told from the perspective of spin doctors working for the disgraced president (who are the tails wagging the dog), who sell the public on a fake story that the United States is at war with Albania. The spin doctors have a TV producer manufacture a fake newsclip of the heroics of a rescued American soldier, and produce many other made-for-TV patriotic images that a flag-waving public thinks is real. As a political satire, it brings a few knowing chuckles to both Republicans and Democrats alike.

The movie was released shortly after the Clinton scandal broke, but the film had been 100% finished and shipping to theaters at the time.