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But credit, made attractive by low rates, is a time-tested way to bolster consumer spending.
More credit card borrowing could bolster consumer spending, which accounts for about 70 percent of economic activity.
Echoing Mr. Bush, Mr. Paulson is also arguing that the distribution of stimulus checks will help to bolster consumer spending.
That may be helping to bolster consumer spending, which has so far been missing from Japan's recovery.
(The 2009 stimulus package decreased the tax to bolster consumer spending. During fiscal cliff negotiations, lawmakers elected not to stop an automatic, 2 percentage point hike).
Such signs of a slowing economy led the Federal Reserve to cut interest rates twice last month, most recently on Wednesday, to try to bolster consumer spending.
Similar(46)
Both are aimed at bolstering consumer spending.
Over the last year and a half, the refinancing wave has bolstered consumer spending and the economy.
Reducing the interest rate could push up the inflation rate, even as it bolsters consumer spending.
All this has bolstered consumer spending and helped salve the wounds that the falling stock market inflicted on households.
But research shows that most low-wage workers are over the age of 20 and suggests that paying them a higher wage could actually create jobs by bolstering consumer spending.
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CEO of Professional Science Editing for Scientists @ prosciediting.com