The Note: Hanging on the Telephone

At noon ET, the AFL-CIO holds a mass demonstration outside the Washington, DC offices of Charles Schwab to protest the company's support for President Bush's proposal for personal Social Security accounts. Union president John Sweeney and Metropolitan Washington Council president Jos Williams join union and community leaders and workers, retirees, and students.

At 3:00 pm ET, the Advisory Committee to the Congressional Internet Caucus (ICAC) hosts a panel discussion on the implications for Internet campaigns of the FEC's possible change in rules to regulate online political activities.

At 8:15 pm ET in Arlington, VA, Former President Bill Clinton accepts the Jimmy and Rosalynn Carter Humanitarian Award from the National Foundation for Infectious Diseases for his work on HIV/AIDS. It's his first post-surgery public appearance. He'll speak at 8:30 pm ET.

White House Deputy Chief of Staff Karl Rove will deliver remarks at the Lewis and Clark County Republican Central Committee's annual Lincoln-Reagan Dinner in Helena, MT at 8:30 pm ET.

RNC Chairman Ken Mehlman holds one of his "Conversations with the Community" events at Howard University at 7:00 pm ET. The event, hosted by the Howard University College Republicans, focuses on "Empowering A New Generation."

Former Sen. John Edwards visits Iowa, where he attends a fundraiser for Rep. Leonard Boswell at the Hotel Fort Des Moines at 7:00 pm ET after meeting with Des Moines Register editors and reporters. He stays in the Hawkeye State to tape Iowa Public Television's "Iowa Press" Friday morning.

Intel:

U.S. intelligence agencies were "dead wrong" in most of their conclusions about weapons of mass destruction in Iraq before the war, concluded the presidential commission appointed to investigate what went wrong. AP describes the report as "scathing." LINK

The Washington Post's Walter Pincus is already picking it apart. LINK

In the morning gaggle, White House spokesman Scott McClellan said President Bush "will carefully review each and every recommendation and act on them in a fairly quick period of time," ABC News' Jessica Yellin reports. He will consult with Congress within 90 days to discuss how he plans to move forward on the recommendations in the report. Most of the recommendations do not require statutory changes.

"We wanted an unvarnished look at the intelligence community," McClellan said, adding that in terms of North Korea and Iran the report finds, "we still know woefully little about their capabilities."

Asked about the Director of National Intelligence, McClellan said, "He will have the authority he needs to do his job," but would not comment on the reports recommendation that the DNI not conduct the President's daily briefing.

Joseph Curl and Bill Gertz, making their mark in the Washington Times, say the President will embrace the recommendations of his WMD Commission, faulting pre-war intelligence, citing poor inter-agency communication, and even eyeing former CIA Director George Tenet for particular criticism. Congressional Dems are sure to . . . oh, wait, Congress is still out for their Easter break. Nevermind. LINK

The complete 455-page report: LINK

Social Security:

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