The Note: Capital Expenditure

Gov. Tom Vilsack (D-IA) holds a 10:30 am ET press conference in Des Moines, IA to discuss his recent trip to India and its "impact on Iowa's economic opportunities."

Gov. Mitt Romney (R-MA) presides over a meeting of the Governor's Council at the State House in Boston, MA at noon ET.

And in your 2008 travel schedule news, the Nussle campaign is set to announce later today that former New York City Mayor Rudy Giuliani is scheduled to campaign with Rep. Jim Nussle (R-IA) in Davenport, IA on May 1, marking Giuliani's first trip to the Hawkeye State of the 2008 cycle.

"Mayor Giuliani helped bring our country together during a time when we needed it most and I am honored to have his support and commitment. Under Rudy Giuliani's management, New York City went from being known as the 'ungovernable city' to being the safest large city in America. I am thrilled to have the man known as 'America's Mayor' support me in my vision for energizing Iowa's future," Jim Nussle is expected to say in the release.

Rudy Giuliani's quote from the draft release: "I look forward to working to help Jim Nussle as he campaigns to rally supporters and continues to excite Iowans about the future of their state under his leadership."

RNC Chairman Ken Mehlman is in Ohio for part of the day participating in fundraising events and meeting with party activists. This afternoon he heads to Pennsylvania where he will visit a phone bank, meet with party activists, and speak at a Westmoreland County Lincoln Day dinner.

POTUS presser:

The Washington Post's ed board thinks President Bush's "sometimes blunt, sometimes joking and sometimes unpolished" presser "sounded authentic." LINK

The New York Times' Elisabeth Bumiller points to two problems for those who claim yesterday's press conference was a positive step forward for the President. LINK

First: "Mr. Bush admitted mistakes and acknowledged chaos on the ground… The speech tactic worked in late 2005 when another series of Iraq addresses helped to stabilize the president's poll numbers temporarily. But analysts said that with his message now familiar to the nation, it was not clear whether people were listening."

Second: "White House officials are hopeful that the communications offensive by Mr. Bush will stop the decline that has sunk his job approval ratings to the lowest levels of his presidency, but some military analysts said they were skeptical because he announced no new policies in his news conference or in his speeches."

The Washington Post header: "Bush says US troops will stay in Iraq past '08." LINK

"The news conference was vintage Bush, a mix of playful banter, stern glares and defiant assertions. He dismissed as "needless partisanship" calls by Sen. Russell Feingold (D-Wis.) to censure the president for authorizing the secret National Security Agency spying program, which involves eavesdropping on U.S. citizens. Telegraphing the GOP's election plan to portray Democrats as weak on terrorism, Bush dared his opponents to campaign in the 2006 elections on a platform that includes eliminating the spying program," writes Diamond Jim VandeHei.

The Washington Post's Sketch of Tuesday's presser is quintessential Milbank and quintessential Bush. LINK

The Washington Times headline: "Bush commits until 2009" LINK

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