At first, the Reagan Administration's huge budget deficits helped lift the economy out of recession.
Tax cuts can lift an economy out of recession.
"The rate cut," he said, "thus may be a little bit late to have an effect to lift us out of recession."
Republicans counter that the tax cuts passed during Mr. Bush's first term helped lifted the economy out of recession.
The 1992 total of 1.2 million represented an 18.5 percent increase from 1991 that helped lift the economy out of recession.
Interest rates in Japan hit bottom more than a year ago as the country's central bank struggled to lift the economy out of recession.
January's low reading indicates that a spending spree is not yet on the horizon to lift the nation out of recession.
Rising spending power would provide a boost to confidence and could help lift the economy out of recession.
Sometimes a burst of consumer spending lifts the nation out of recession.
Britain reduced interest rates today as the Government moved again to try to lift the economy out of recession amid signs that inflation was slowing.