How our feelings about the economy are shaping the election
Mar 28, 2024
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Guest host Matt Levin discusses the latest AI news, including the ELVIS Act. They dive into how feelings about the economy are impacting the 2024 election. Topics range from Johnny Cash covering 'Barbie Girl' with AI to the challenges of regulating AI in federal agencies.
Media influence on economic perceptions shapes voter decisions in elections.
Challenges in recruiting AI experts hinder government oversight and regulation of AI technologies.
Deep dives
Media Influence on Economic Beliefs and Reality
The episode delves into the impact of media on people's perceptions of the economy, drawing parallels between the political campaigns of George H.W. Bush in 1992 and the current political landscape. Despite the economy performing well in 1992, both Democrats and Republicans held negative views due to media exposure, highlighting the media's role in shaping economic attitudes. The discussion underscores the contrast in economic perceptions between parties today, reflecting increased polarization since 1992.
Challenging Economic Narratives in Campaigns
The episode explores the strategic messaging around the economy in political campaigns, emphasizing the importance of framing economic conditions to resonate with voters. Campaign consultants suggest tailoring narratives to reflect either ongoing economic challenges or portraying incumbents as disconnected from economic realities. The analysis points to the significant role of economic perceptions in shaping voter decisions amidst the backdrop of polarized views on the economy.
AI Regulation Challenges in Government
An analysis of AI regulation challenges in government sheds light on the difficulties in recruiting qualified personnel to oversee AI implementation. The episode discusses the Biden administration's directive requiring federal agencies to appoint AI chiefs but highlights the scarcity of experts well-versed in AI processes. The limited talent pool, dominated by Silicon Valley offers, poses a recruitment hurdle for governments globally, amplifying concerns about oversight and understanding of AI technologies.
Even though the economy is going strong, many Americans are still pessimistic about it. We’ll get into how feelings and beliefs about the economy are playing into the 2024 presidential election. Plus, guest host Matt Levin joins us to discuss the latest AI news, including a new state law — known as the ELVIS Act — focused on protecting artists’ voices. And he’ll explain why he has the song “Barbie Girl” (Johnny Cash’s version) stuck in his head.
Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.
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