Dispatch from the Front: The Week of October 27

By October 27, 2008Economy, Infrastructure

Campaigns and stimulus and stimulus and campaigns, leading up to November 4, Election Day. It’s the week to inhale, deeply.

NAM President John Engler testifies Wednesday at a hearing by the House Committee on Transportation and Infrastructure, “Investing in Infrastructure: The Road to Recovery.” The hearing is part of a push by House Democrats on a second stimulus package. (The Hill has a story, “Dems keep focus on the economy.”) We’ll put the lengthy list of scheduled witnesses toward the bottom of this post.

The Fed meets Tuesday and Wednesday, considering another interest rate cut.

House hearings: The House Small Business Committee holds a hearing Tuesday, “Creating Opportunities for Small Businesses in an Economic Recovery.” As mentioned, Transportation and Infrastructure on Wednesday, a hearing, “Investing in Infrastructure: The Road to Recovery.” On Wednesday, Ways & Means holds a hearing on economic recovery and job creation through investment. (Details.)

The Joint Economic Committee meets Thursday for a hearing entitled, “Faltering Economic Growth and the Need for Economic Stimulus.” (Details.)

Executive Branch: President Bush meets with the President of Paraguay today, and this evening the President and First Lady commemorate the 150th anniversary of Theodore Roosevelt’s birthday. On Wednesday, POTUS meets with Prime Minister Topolonik of the Czech Republic and on Thursday, he speaks at the FBI Academy graduation ceremony at Quantico.

Treasury Secretary Paulson delivers remarks Tuesday on markets and the economy at the Securities Industry and Financial Marketing Association annual meeting in NYC. Heck of a lineup.

The Economy:  Economic reports include September new home sales today. Later in the week, consumer confidence, gross domestic product and personal income and spending.

And as promised… The witness list for the House Transportation and Infrastructure Committee’s hearing on infrastructure and economic stimulus, according to the National Journal, is as follows:

Witnesses: Doug Black, CEO of Oldcastle Materials, Inc.; William Buechner, vice president of economics and research at the American Road and Transportation Builders Assn.; Brian Burgett, president and CEO of Kokosing Construction Co., Fredericktown, Ohio, representing the Associated General Contractors of America; William Crosbie, COO of the National Railroad Passenger Corporation (AMTRAK); William Decota, director of aviation for the Port Authority of New York and New Jersey; Manuel Diaz, mayor of Miami, Fla., and president of the U.S. Conference of Mayors; Terry Dillon, president of the National Utility Contractors Assn., and COO of Atlas Excavating Inc., West Lafayette, Ind.; Peter Drakos, president of Coastal Connect LLC., Stamford, Conn.; Judith Enck, New York deputy secretary for the environment; former Gov. John Engler (R-Mich.), president and CEO of the National Assn. of Manufactures; Gary Gallegos, executive director of the San Diego Assn. of Governments, representing the National Assn. of Regional Councils; John Irons, research and policy director of the Economic Policy Institute: Tom Leyden, managing director of SunPower Corporation, Systems, representing the Solar Energy Industries Assn.; Terence O’Sullivan, general president of the Laborers; International Union of North America; Maryland Secretary of Transportation John Porcari, representing the American Assn. of State Highway and Transportation Officials; Beverly Scott, chairman of the American Public Transportation Assn., and General Manager of the Metropolitan Atlanta Rapid Transportation Authority.

Finally, Friday is Halloween and the 70th anniversary of Orson Welles’ Mercury Theater production of War of the Worlds, the radio drama that panicked the nation. You can download the program here and read the script here. If we survived an invasion from Mars, what’s a little financial crisis?

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