From Wikipedia, the free encyclopedia

This is the talk page for discussing improvements to the Early 1980s recession article.
Please sign and date your posts by typing four tildes (~~~~). Put new text under old text. Click here to start a new topic. New to Wikipedia? Welcome! Ask questions, get answers. This is not a forum for general discussion about the article's subject.	Be polite Assume good faith No personal attacks Be welcoming	Article policies No original research Neutral point of view Verifiability

	This article is within the scope of the Economics WikiProject, an effort to create, expand, organize, and improve economics-related articles..
Start	rated as start-Class on the assessment scale
Low	rated as low-importance on the importance scale

An entry from Early 1980s recession appeared on Wikipedia's Main Page in the Did you know? column on 10 May 2007.

Contents 1 Globalize 2 "Unexpected" 3 United American Bank failure 4 Messed-up dates!

[edit] Globalize

I realize that this article desperately needs globalization, for this was a global event. But that is way beyond my knowledge and expertise. I did my best with the U.S. recession and its impact. - Tim1965 23:19, 5 May 2007 (UTC)

The comment that the losses in the 1982 midterms was the most since the Watergate year isn't true -- Democrats lost more House seats in 1980 than Repubs lost in 1982. http://en.wikipedia.org/wiki/United_States_House_elections,_1980 unknown anon user

It now reads for the Democrats which is true but outdated since there has been at least one election since that the Dems gained more seats. More importantly though it is missing the fact that the Senate balance of power was net unchanged. Jon 13:53, 10 May 2007 (UTC)

[edit] "Unexpected"

The Brunner citation says the recession was unexpected. If there is an opposing view, it should be cited. Removing the reference to "unexpected" and replacing it with a claim about stagflation is not only inappropriate but NPOV. - Tim1965 16:18, 2 July 2007 (UTC)

[edit] United American Bank failure

The statement about the failure of Jake Butcher's United American Bank failure was removed. First of all, the event is not cited. Second, the date of the failure is not noted (although that's easily rectified). Third, the failure is included (by reference) in the paragraph where the article says that 49 banks failed. Fourth, and most importantly, by singling out the United American Bank failure, this makes it seem as if this was a major cause of the recession or contributed to its depth or length. That claim is (I would argue) untrue (for example, it goes unmentioned in the FDIC's narrative of banking failures in the 1980s, a history cited several times in the article); that claim is not cited or sourced (and should be); and that claim really deals with fraud rather than bank failures due to conditions caused by legal changes or the recession itself.

If the claim could be cited, that would solve everything. Otherwise, I think it appears as if the failure were simply "thrown in there" to provide a link to an article. It gives, in other words, undue weight to the UAB failure. - Tim1965 19:54, 25 August 2007 (UTC)

[edit] Messed-up dates!

I found the following inaccurate sentences in "Causes of the recession":

"A brief recession occurred in 1980. Several key industries—including housing, steel manufacturing and automobile production—experienced a downturn from which they had not recovered by the start of the recession in 1982."

Yikes! The recession did not start in 1982.

So I changed the second sentence to the following:

"Several key industries—including housing, steel manufacturing and automobile production—experienced a downturn (from which they did not recover through the end of the recession, in 1983)."

If anyone has a better or more accurate way to word this information, please do. Softlavender 03:04, 4 December 2007 (UTC)