When was the last time the U.S. went into a recession like the one were in now?

Question

When was the last time the U.S. went into a recession like the one were in now?

Answer 1

2000

http://en.wikipedia.org/wiki/Early_2000s...

Recessions are a natural part of the economic cycle...that doesn't make them fun, but they are part of the cycle, not the end of the world.

Answer 2

and your reason for saying we are in a recession is what?

Answer 3

80s. It was tough time for everybody

Just like all Americans were worried about fastly growing China today

back in 80s, people were afraid of Japan. Many predicted that

Japanese economics would outsize US in few years (and it almost did)