Full Episode - Trump Can’t Defend His Bad Economy + Can Government Effectively Regulate The AI Arms Race?

Chuck Todd opens with Trump getting visibly defensive with reporters over a brutal new inflation report — and argues the bad economy is in worse shape directly because of Trump's policies, with the president himself having zero answers for the data. He notes that AI investment is essentially the only thing propping up the economy, and that we are at least weeks away from the end of the Iran war. He warns we're only at the beginning of the inflation problem and that Democrats can simply point to Trump's broken promises of lower costs and no wars — they don't even need to make a "for" case, just a sustained "against" case — but cautions that despite all of this, Democrats still have a serious brand problem that no economic data alone will fix. He argues the failed Virginia redistricting effort exposed the deeper issue: Democrats talk like the resistance but are viewed as institutionalists, while Republicans still behave like raw partisans, and the rise of independent voters represents a fundamental protest against both available parties — something that should worry Democrats more than Republicans because the GOP has already shown a willingness to blow up the system. He makes a sweeping argument that until the last decade, Democrats were a reform-focused party, but the Trump era has pushed them into becoming defenders of institutions at exactly the moment when public trust in institutions had collapsed. He closes with observations from the Musk-Altman trial, which he says has been revealing about the personalities actually building AI — with OpenAI employees testifying to Altman's lying and the internal chaos, and so much tech ego on display that the public, already feeling burned by big tech, is only going to grow more skeptical.  This episode of the Chuck Toddcast features a deep dive into the AI governance crisis with two of the leading experts in the field. First, Miriam Vogel — president and CEO of EqualAI — joins the show to explain her organization's mission of establishing meaningful AI guardrails at a moment when American consumers are deeply skeptical of big tech and less than 1% of companies have anything resembling strong AI governance policies. Vogel argues that good governance means corporate leadership must take direct responsibility for AI deployment, walks through her five best practices for responsible AI adoption, and pushes back on the idea that federal preemption should override state-level regulation — noting that companies are pushing hard against state regulation precisely because they know most of the actual rules will be written in court cases over the next few years. She warns that we're seeing tremendous investment in AI without commensurate ROI so far, that gender and regional gaps in AI adoption are already emerging, and that the public urgently needs to be empowered with real knowledge about AI's upsides as well as its risks. Vogel asks the question that should keep every executive up at night: are we actually ready for AI to make decisions without humans in the loop? And she argues that transparency — letting employees and consumers see how AI errors play out — will be absolutely essential to safe deployment. Then former Deputy National Security Advisor Anne Neuberger joins to discuss what global AI governance should look like between superpowers, and whether the arms race framing between the U.S. and China is actually helpful or harmful. Neuberger argues AI is fundamentally different from nuclear regulation because it's being developed by the private sector rather than by governments, and questions whether it was a mistake to let the private sector spearhead this technology in the first place. Drawing on her cybersecurity background, she walks through how governments learned to combat ransomware: extending existing rules for fiat currencies to cover cryptocurrencies (which had helped criminals evade detection), disincentivizing ransom payments, and helping companies recover without paying — a template she argues could apply to AI regulation. Neuberger says AI drug development should be an international win-win rather than a zero-sum arms race, but acknowledges the national security applications make competition unavoidable, with advantages now measured in months rather than years and dangerously inadequate military-to-military communication between the U.S. and China. They debate whether an "FDA for AI models" might be necessary, that existing regulations can be updated to cover AI without requiring new legislation, and that AI will ultimately transform defensive cybersecurity by allowing companies to double-check their infrastructure at scale. Her bottom line: laws always trail technology, but governments have key roles to play in identifying cyber risks, helping companies patch their infrastructure, and ensuring America's defenders aren't left behind as Chinese models close the six-month gap. Finally Chuck reveals his bonus TWO ToddCast Top 5 lists, the top 5 2028 Democratic hopefuls who have run for president before, and the top who haven’t. He also answers listeners’ questions in the “Ask Chuck” segment. Try ShipStation free for 60 days with full access to all features, No credit card needed! Go to https://ShipStation.com and use code TODDCAST for 60 days for free! Thank you Wildgrain for sponsoring. Visit http://wildgrain.com/TODDCAST and use the code "TODDCAST" at checkout to receive $30 off your first box PLUS free Croissants for life! Link in bio or go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 01:30 Trump gets defensive with reporters over bad inflation report 03:00 Economy is in worse shape directly because of Trump’s policies 03:45 Trump has zero answers for the bad state of the economy 04:45 Dow still hasn’t gotten back over 50k since Bondi’s viral moment 05:45 AI investment is the only thing propping up the economy 06:30 We are weeks away from the end of the Iran war… at minimum 07:45 Despite the bad economy, Democrats still have a brand problem 08:30 We are only at the beginning of the inflation problem 09:15 Dems can point to Trump breaking promise of lower costs & no wars 10:00 Dems don’t even have to make a “for” case, just an “against” case  11:00 Another variable is what the political maps look like by the midterms 12:15 The issue for the Dems is what the party stands for… what’s its identity? 13:00 Dems ‘28 hopefuls need to, and will jump in early 13:45 Dems failed redistricting in VA exposed a problem with the party 15:45 Dems talk like resistance but are viewed as institutionalists 16:30 GOP still behaves more like raw partisans 17:15 South Carolina would have risked disaster by carving up Clyburn’s seat 18:45 Backlash to SCOTUS gutting Voting Rights Act could juice Dem turnout 19:45 Why do both parties seem against reforming the system overall? 21:15 Politics has become completely nationalized and it’s a problem 21:45 Until the last decade, the Democrats were a reform focused party 23:00 The Trump era has pushed Dems into becoming defenders of institutions 23:45 Biden ran on preservation when trust in institutions had collapsed 25:15 The rise of independent voters shows protest for the two available parties 26:30 Rise of independents should worry Dems more than Republicans 27:45 Real reforms to the system would help rebuild trust with the public 29:30 Dems risk becoming custodians of a system people don’t trust 31:45 Dems took their eye off the ball, haven’t acted as reformers 33:30 The Musk/Altman trial has been revealing of the personalities building AI 34:00 OpenAI’s employees testified to Altman lying and chaos internally 35:15 So much tech ego on display at the trial 36:00 The public already feels burned by big tech 43:30 Chuck Todd’s introduction 46:15 Miriam Vogel joins the Chuck ToddCast 46:30 Equal AI’s mission is to establish AI guardrails 47:45 American consumers are extremely skeptical of big tech 48:30 Tech companies need to address users’ concerns & questions 50:30 Less than 1% of companies have strong AI governance policies 52:00 Some companies are working hard towards AI best practices 53:00 State vs. federal regulation for tech companies & AI 53:45 Why are companies pushing back against state level regulation? 55:45 Most of AI regulation will come down to the courts 57:30 We need more certainty of expectations from AI companies 59:45 AI is a disruptor, we can’t pretend it won’t be everywhere 1:01:00 Are we ready for AI to make decisions without humans in the loop? 1:01:45 Good governance means leadership must take responsibility for AI 1:02:45 If agentic AI without a human was outlawed, how would companies respond? 1:04:00 We’re seeing tremendous investment without the ROI so far 1:05:00 AI will scale at an exponential rate 1:05:45 We’re seeing gender and regional gaps in AI adoption 1:06:30 The public needs to be empowered with knowledge of AI’s upside 1:07:45 The five best practices for AI adoption 1:09:30 Employees and consumers will see how AI errors play out 1:10:45 Transparency will be key to safe AI deployment 1:12:15 Anne Neuberger joins the Chuck ToddCast 1:12:45 What should AI global governance look like between superpowers? 1:14:00 AI is different than nuclear regulation because it’s developed privately 1:14:45 Was it a mistake to let the private sector spearhead AI development? 1:16:00 Cybersecurity concerns and risks 1:17:15 Cryptocurrency helped criminals evade detection & enforcement 1:18:00 Every ransom payment encourages more cyber attacks & ransomware 1:19:15 Cyber threat intel was shared across governments 1:20:15 Governments extended rules for fiat currencies to cryptocurrencies 1:21:00 Governments had to disincentivize ransom payments 1:22:00 Goal was to help companies recover without paying a ransom 1:22:45 Both companies & government should share burden of security 1:24:15 AI is being framed as an arms race between U.S. and China 1:25:00 AI drug development should be an international win-win 1:26:00 The arms race framing applies to national security applications 1:27:45 The speed of innovation is so fast, a race feels unwinnable 1:29:00 Advantages in AI race will be measured in months, not years 1:29:45 There’s no good military to military comms between U.S. & China 1:32:00 Does government have any chance to effectively regulate AI? 1:32:45 It took a major cyberattack for government to figure out cybersecurity 1:33:30 Government took existing regulations and updated them for digital age 1:35:30 Existing regulations can also be updated to regulate AI without legislation 1:36:30 Should there be an FDA for AI models? 1:37:45 There needs to be a balance between innovation and regulation 1:38:45 Laws trail tech. Need to find regulation that protects the public 1:40:15 AI will transform defensive cybersecurity 1:41:00 AI can double check defensive cyber infrastructure at scale 1:42:45 We need to prepare our defenders, China’s models are 6 months behind 1:43:45 Companies will need help to patch and update their infrastructure 1:44:45 The government has a very key role to play in AI cybersecurity 1:45:45 Government has to clearly identify where the cyber risks are  1:47:30 Thought the AI conversation was important, didn’t want it behind a paywall1:48:30 The most difficult part of AI regulation will be the carrot & stick approach1:49:30 TWO ToddCast Top 5 lists today1:52:15 Winning Democratic presidential candidates are usually first time candidates1:56:15 Top 5 2028 Democratic candidates who have never run for president1:56:30 2026 results will dictate who will eventually have best prospects in 20281:59:30 #5 2026 TBD, could be Rob Sand, Mallory McMorrow…Colbert?2:00:00 #4 Josh Shapiro2:01:00 #3 Gavin Newsom2:02:15 #2 Wes Moore2:03:15 #1 AOC 2:05:15 Top 5 2028 Dem candidates who HAVE run for president2:05:30 #5 Amy Klobuchar2:06:30 #4 Cory Booker2:08:00 #3 Pete Buttigieg2:09:30 #2 Bernie Sanders2:10:30 #1 Kamala Harris2:12:00 Ask Chuck2:12:15 Modern equivalent of the “good government” groups of the 20th century?2:17:00 When should Dems make strategic adjustments vs compromising values?2:20:00 Is a socially conservative, fiscally liberal platform viable?2:22:30 Could co-op’s be a viable solution to modern economic challenges?See omnystudio.com/listener for privacy information.