Obama wants to boost economy – just don t call it stimulus

[CNNMoney.com] – President Obama is pledging to propose a new package of job-boosting ideas next week — just don t call it stimulus.

Blunt, Carnahan differ on stimulus, bank bailout

[AP] – Republican Rep. Roy Blunt campaigns for Senate in a blue RV plastered with the message: The choice is clear. Roy will fight for jobs.

Dividends are trumps in a game of poor rates

[at Financial Times] – In his memoir, Tony Blair claims that it was his idea to give the Bank of England power over interest rates, that he was never kept out of the economic policy space , and that it was not until very late on that he really yielded control of economic policy .

Federal Housing Stimulus: How Much More?

[CNBC] – New reports are rolling around Wall Street and Washington today that the Obama Administration is considering yet another economic stimulus package; this round would be for small businesses.

UPDATE – Fed bond buying not big policy shift-Lockhart

[at Reuters] – The Federal Reserve s decision to begin buying Treasuries again was a precautionary step, not the opening salvo in a new policy course, Atlanta Fed President Dennis Lockhart said on Friday.

Economic Report: Services growth slows in August, ISM says

[at MarketWatch] – Growth slowed in the U.S. non-manufacturing sector in August, hitting 51.5%, compared with 54.3% in July, the Institute for Supply Management reports.

Fed s Lockhart sees slowdown as temporary

[at MarketWatch] – There has been too much alarmist discussion of recent economic indicators and the outlook is not as pessimistic as some have suggested, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank on Friday.

US Treasury mulls over foreign investors in GM IPO-WSJ

[at Reuters] – The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co s proposed initial public offering, the Wall Street Journal said.

White House: No second stimulus being considered

[at Reuters] – The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama s team.

Friday s Jobs Report Will Be Key for Markets-and Fed

[at CNBC] – Friday s jobs report is expected it to be pivotal not only for stock and bond investors but for the Federal Reserve, which is weighing whether to take further steps to boost the struggling US economy.