Just in time for Ronald Reagan's first midterm election in 1982, the economy was about as bad as it had been since the Great Depression.
We wouldn't see an economy that bad again until . . . now.
Funny -- isn't it? -- that Reagan (the real Reagan and not the mythologized one) probably would be derided as a RINO by the tea-party crowd today, and the Democrats have become a party that can't hold a lead. Ever.