Episode May 13, 2026 2 hr 26 min

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.

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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