It’s highly unlikely that Obama’s infrastructure proposal will pass before November...  …but the Senate Banking Committee will hold a hearing on legislation to establish an infrastructure bank in two weeks.  Hello, Cleveland.  The President will formally unveil his new proposals to boost the economy today in Ohio.  Terrific reporting in the Washington Post on the closing of a Virginia light bulb factory and how we have lost our competitive edge.  Chinese officials meeting with NEC head Larry Summers and the deputy national security advisor say they hope for less “friction.”  MT offers a humble solution: stop cheating!  As China’s influence grows around the globe, so does animosity towards it.  Steve Pearlstein argues that high unemployment is largely structural, not cyclical, meaning we need to seriously refocus our economy.  ##