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tanenger said:"The Fed Chairman in 1982 shot up interest rates in response to Reagan’s tax cuts. This had the effect of dropping anchor on economic growth and plunged us into our greatest Recession since the Great Depression that year. "
Evidently you weren't around during the Eisenhower years. (Or however he spelled it)
Unemployment during the 1958 Recession was around 7%. Unemployment during the Reagan Recession in 1982 reached 12%.