Democrats are not going to try and stop AI or rein in AI. There is too much money at stake. They'll pass some regulations, sure, some data center rollouts might be blocked or modified, but they aren't going to stop the train.
Well, don't forget this is also about national security. China/state of choice AI going after your infrastructure & national secrets is going to take AI to defend against.
There's zero chance AI datacentres are going away, they are unfortunately a national security necessity now.
It's the "if we don't they will" thing again.
Many safe and good technologies were successfully sabotaged for populist and stupid political reasons, e.g. in nuclear power. Or less spectacular, think of the welfare loss due to the NIMBY-fied housing market.
The financial aspect/discourse is for the proletariat who prefer to pretend politics and risk of military conflict do not exist.
They won't stop it because China won't stop. Politicians have to avoid any appearance of xenophobia though (and to be certain many are personally not xenophobic, just saying optics matter to them), so they talk about jobs and wealth inequality as euphemism for ground truth; we aren't secure putting all our eggs in the China basket.
Arguably screwed up there already letting chips and robotics flow offshore while we focused on increasingly useless education in developer syntax and semantics.
They will cool the AI investment well aware technology improves and we probably don't really need all our investment eggs in that one basket then
They don't have to. This particular train explodes on its own if it drop below 100 mph.
Even tepid regulation will destroy the "our TIA is the entire observable universe due to the potential of self replicating AI probes so we totally deserve 10 trillion dollars in investor capital" trade
They aren't going to stop AI, but they are not going to let the owners of the superintelligence inference engines become god emperors of the planet, and in that case why not just get 4.5% on some bonds?
They're not even going to do that. Trump isn't going to sign that. When was the last time Congress overrode a veto or played hardball (well the Democratic side anyway)? They have no fight in them.
They just have to uphold the existing laws. Start prosecuting SpaceX at the fedral level for runing gas turbines illegaly.