Sure, you're right, but the simple explanation of regression is better to help people understand. What you're saying, I agree with mostly, but it changes nothing to contradict the fantasy scenario proposed by all of those who are so worried. At that point, it's just "it can be better than (some) humans at language and it can have things stacked on top to synthesize what it outputs."
Do we want to go down the road of making white collar jobs the legislatively required elevator attendants? Instead of just banning AI in general via executive agency?
That sounds like a better solution to me, actually. OpenAI's lobbyists would never go for that though. Can't have a moat that way.