Fox News contributor Liz Peek joined Fox Business’ “Kudlow” to break down the post-midterm market rally, Democrats’ plans to rein in the AI data center build-out, and why the economy keeps growing.
Peek said the midterms have forced a reckoning over how far Democrats can go in slowing AI and the data centers that power it. She noted that even the newly elected Texas governor has said the state won’t ban data centers, and that spending on them was up 90 percent year over year in September. “You’re not going to stop this thing,” she said.
She warned that Elizabeth Warren taking over the Senate banking committee and Bernie Sanders running the panel that oversees Social Security is “plenty of cause for alarm,” while pointing to an economy growing at 3.5 percent and strong corporate earnings. Voters, she said, “chose to disregard” a pretty good economy, but that momentum is what is powering the market forward.
On the data center backlash, Peek said tech leaders have done no better than Republicans at messaging, but are now going into communities, making their case, paying residents and shielding them from higher electricity prices. “I mean, Bernie Sanders wants to shut down the whole AI data center rollout. It’s not going to happen,” she said. If New York doesn’t want data centers, she added, Pennsylvania might.
Peek also cited the rise in entrepreneurship, saying she knows dozens of young people who started companies because AI lets them do work they couldn’t do on their own. “So this has legs,” she said.
Source: Fox Business
