SPXN - The Great Repression 2.0

Executive Summary

The title of the piece gives homage to the New York Times business section byline from March 1982.

SOURCE

The 1982 recession occurred for much different reasons, yet the outcome was very similar - extreme unemployment. The 1982 recession was the worst economic downturn in the United States since the Great Depression prior to the Great Recession of 2008. Unemployment in the 1982 recession was widespread. Manufacturing, construction, and the auto industries were hit the hardest. Three fourths of all job losses were in the residential construction industry and auto manufacturing which ended