WI: Slower Recovery from The Recession of '82-83

Attention all AHC'ommers, I know I haven't been active on the board lately, but I think it would be cool to have a new economic POD that really hasn't been done before. What could be some of the ramifications if the United States had not seen such a dramatic uptick from 1983 to 1984?
 
The obvious political ramification is that Ronald Reagan may not be reelected. As I recall reading, Reagan wasn't very popular in 1982. Even some conservatives weren't satisfied with him. Now, Reagan's level of support wasn't so low that a defeat under these circumstances will be automatic. But an economy that remains weak is pretty much the best situation that Walter Mondale or whoever the Democrats nominate here could hope for. In any case, I'd expect a much closer election.
 
I don't think the situation would be that bad, the election would be much closer than 1980 was. Reagan's a much better campaigner than Walter Mondale, and Mondale is still probably going to be the nominee.
 
Mondale starts with commanding advantages...but he's made a female vp an absolute requirement of his accepting the position. Faced with the prospect of victory, the Party may be unwilling to let him tilt at windmills; either Mondale accepts a (better) VP chosen by the Party and promises to name multiple prominent females to the Cabinet (in which case, he might actually win), or he throws a fit and the Party is forced to choose someone else (not sure who).
 
Ronald Reagan gets a challenge to his right on the part of Phil Crane.

Ted Kennedy enters the Presidential race, probably.
 
I think the election would in that case be somewhat similar to where we may be going in 2012. Assume something of a recovery, but a moderate one. GDP growth 3-4% instead of 7-9%: in that case you have a poor economy, not fixed by the current guy but also the responsibility of the previous guy of the other party. You have a candidate who campaigned on optimism and ideological generalities, considered too far from the center by the opposition during the campaign but nevertheless won vast numbers of independents.

The most significant difference would be that Reagan did not spend the first two years of his administration focused on an unpopular domestic measure without a clear tie to relieving the economic/unemployment crisis. The opposition base would instead be fired up by the less widespread rallying cry of the nuclear freeze movement. The primary argument from the mainstream though would simply be "Reaganomics didn't work."

I think in that case, it would depend on the candidate. Dismissing him as "the Republican Carter" isn't all that simple, as Democrats are still saddled with the Democrat Carter. The incumbent Reagan would probably be favored in a close race, though the right candidate could defeat him with the right message.

Mondale would not be able to do it. He was too far to the left. The candidate doesn't just need to retake OTL Reagan Democrats, but also be centrist enough to appeal to Rockefeller/Anderson Republicans, who could possibly be enticed in this scenario. The best chance, therefore, would be with Gary Hart.
 
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