The article by Lucia Mutikani is saying that the spending that is happening, is helping the economy weather the rising oil prices and maintains the steady growth momentum. The Commerce Department declares that the spending rose 0.2 percent which answers why "spending is the only modest driver of growth this year." The federal chairmen Ben Bernanke stated that the central bank needs to prepare the $600 billion bond buying program should keep low interest rates.
Consumer spending takes up 70 percent of the economic activity in the United States. This percentage is being affected by the rising gasoline and food prices. With the people's money being taken from buying the necessity of gas, they're not having as much money for their wants. The consumers will have to rethink their spending when they have to use more of their income for gasoline and food which are needs because they need gas and food in order to keep working for money. As the prices of gasoline keep increasing, the factory demands will go down because the people are not making more money. A steady pay will not allow the consumers to change the way they spend their income. Unemployment in the factories could occur as the gas prices raise.