He keeps going, and going, and going... CHANGE!

FIRST THOUGHTS.

*** The Green Mile: In covering this young Obama administration, the news never seems to stop, does it?

A day after President Obama discussed Iran and Middle East peace with Israeli Prime Minister Netanyahu, he today will unveil new regulations on auto emissions and fuel-efficiency standards. Per NBC's Anne Thompson, Obama will announce that car fleets must average 35.5 miles per gallon by 2016; the current fleet average is 25 miles per gallon. Breaking that down, Thompson adds, that means a standard of 39 miles per gallon for cars, and 30 miles per gallon for trucks. Standing at Obama's side today will be Michigan Democratic Gov. Jennifer Granholm (will the two also talk SCOTUS today?), California Republican Gov. Arnold Schwarzenegger, and industry and union leaders. As the Washington Post writes, the proposed regulations represent "a compromise among the White House; the state of California; and the auto industry, which has long sought national mileage standards and has waged an expensive legal battle against the California waiver. The industry will get its national standard, but at the price of one that approximates California's targets. Industry officials said they would drop all related lawsuits."

*** California Dreamin'? By inviting Schwarzenegger to the White House today and giving him a victory on fuel standards, it appears that Obama did a big favor for Arnold. Why?

Because in California today, voters today are expected to defeat Schwarzenegger-backed ballot measures written after the state's budget deal in February. Polls show that five measures -- 1) which would establish a rainy day fund and cap state spending; 2) which would fund schools; 3) which would allow the state to borrow from its lottery funds; 4) which would transfer child-development money to the state's general fund; and 5) which would transfer mental-health money to the state's general fund -- are likely to lose. (The one measure that's expected to pass would freeze pay for state lawmakers if the state is running a deficit.) If that happens, Schwarzenegger's allies say the state's budget shortfall will be much larger. Ironically, the budget situation and the governor's approval rating (at about 33% or 34%, per recent polls) aren't much different than they were when Gray Davis was governor. Which raises this question: Is California ungovernable? It's worth asking when you consider the state's property-tax laws, its overloaded ballot-initiative process, its term limits for state lawmakers, and the fact that it takes a supermajority vote to pass budgets or tax increases. Meg Whitman, Steve Poizner, Jerry Brown, Gavin Newsom -- you really want to be governor?

*** Hillary vs. Barack Isn't Over: It's exactly three weeks until Virginia's Democratic gubernatorial primary, and the candidates are fighting over .

Hillary Clinton vs. Barack Obama. That's right, Brian Moran began running a radio ad in African-American areas reminding these voters that McAuliffe campaigned for Hillary over Obama during the primaries. The McAuliffe camp responded with a Web video detailing the Macker's support for Obama after the primary season was over, as well as with a statement from Tom Daschle, who said that McAuliffe "worked tirelessly to unify our party around Barack Obama and get him elected president." All of this is a reminder of just how much McAuliffe is desperately trying to straddle the fence between Obama and Clinton supporters (and remember that many in Virginia voted for Obama in that Feb. 12 primary. The other candidate -- Creigh Deeds, who hails from rural Virginia -- is probably scoring best with actual Clinton voters.

First Read with NBC News Political Director Chuck Todd, every weekday on MSNBC-TV at 9 a.m. ET.
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