? (Worldwide Exchange Anchor) 00:00.070
jimmy we've known each other for a long time and we've talked about gridlock in congress for many many many years it probably i'm just guessing that if you have the commander in chief taking command of so many areas that were previously left up to congress that might make
? (Worldwide Exchange Anchor) 00:18.110
frustrations even worse
James Pethokoukis (Economic Policy Analyst) 00:20.800
yeah i mean to some degree it undermines the ability of congress to do things i mean most people in congress they really do come there to pass laws make things better for their constituents but the administration would mostly rather do things via executive off via an executive
James Pethokoukis (Economic Policy Analyst) 00:40.600
order it's just so much easier you just you just put down an order and you sign it you don't have to go across the aisle you don't have to come up with compromises all that stuff is really really hard takes a while there's give and take it's much easier to do an executive order
James Pethokoukis (Economic Policy Analyst) 00:54.710
and there's been far more executive orders coming down than actual lawmaking which i think has no doubt is one reason why you're seeing a lot of people just they've had enough they want to leave congress we
? (Worldwide Exchange Anchor) 01:05.550
we talk a lot about whether there's froth in the AI trade how much are you hearing in washington DC that has to do with putting some guardrails perhaps even a bump in the road on this raceway toward greater and greater AI gains
James Pethokoukis (Economic Policy Analyst) 01:24.910
that's interesting i think still in congress there's just not a huge practical appetite for doing much to i think directly slow down anything with AI it's reminds me a lot of with social media though there's always a lot of talk about new rules for privacy and moderation nothing
James Pethokoukis (Economic Policy Analyst) 01:45.310
happened i think we're in that phase with AI the the biggest thing i think liable to like take out some of that froth if you think it's froth and slow things down is not doing things they need to do to make sure we can power that that revolution which is you know for what i mean
James Pethokoukis (Economic Policy Analyst) 02:01.070
there's a big call the speed act it's a big permitting bill if that i mean that seems like exactly if you think AI is a good thing that's exactly what we should be doing making it easier to build power power plants transmission lines if we're unable to do that in twenty twenty
James Pethokoukis (Economic Policy Analyst) 02:17.390
six when when industry is screaming you know for that for that those kinds of capabilities i think that would be a very worrisome sign if you're very bullish on AI right
? (Worldwide Exchange Anchor) 02:28.470
now that's stalled in the senate the the question mark then becomes if you can't build fast here then are other regions in the world for instance you know could could you see UAE benefiting from the data centers if they can't get built here in the meantime we're not past another
? (Worldwide Exchange Anchor) 02:44.870
risk of a shutdown
James Pethokoukis (Economic Policy Analyst) 02:48.000
you know gridlock you know i think that's you know with the permitting that's one example of how gridlock really is not always good you know more sore immediately the risk of a shutdown also on the other side the gridlock is not good so like you know before these people leave
James Pethokoukis (Economic Policy Analyst) 03:02.240
congress there's like stuff they need to do what do you want you have to you have to make sure that you know the government you know if it shuts down reopens you have to come to an agreement there you have to ferry you want to do about these healthcare subsidies there's like a
James Pethokoukis (Economic Policy Analyst) 03:13.800
lot of stuff that needs to happen fairly soon and listen we had all this uncertainty and we still do you know what's going on with trade are you know are there going to be new tariffs are the supreme court is the big issue this year are they going to throw out those tariffs
James Pethokoukis (Economic Policy Analyst) 03:27.910
what's with the AI i think getting a getting government getting a budget settled moving forward so we stopped talking about shutdowns would be a nice piece of certainty to add and what is probably going to be another year of pretty significant uncertainty