Originally posted on 01/09/2018:
Actually according to the Fed, the 1981-82 recession which (you claim was caused by the tax cuts passed in August) was started in JULY of 1981, a month before those cuts became law, let alone had any real impact in the economy. This is literally the headline:https://www.federalreservehistory.or...ion_of_1981_82Recession of 1981–82
July 1981–November 1982
Lasting from July 1981 to November 1982, this economic downturn was triggered by tight monetary policy in an effort to fight mounting inflation.