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Podcast: "RECESSION": A Rhetorical Journey with President Bush

Podcast: "RECESSION": A Rhetorical Journey with President Bush
The Weekly Podcast: "RECESSION": A Rhetorical Journey with President Bush, 2008

When is it time to call a recession -- a recession? Sometimes it's not just about the hard data ... For a president, it could be a rhetorical and messaging challenge, as well. It is for President Joe Biden in 2022, and it was for President George W. Bush in 2008.

President Bush began 2008 in his State of the Union address by describing "a period of uncertainty." As the year went on, "period of uncertainty" became "slowdown", "downturn", "rough patch", "tough times", even "danger." When did he finally use the "R word" -- recession?


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Thwarting conflict profiteers to save the republic

Over several decades, fringe ideas have grown in popularity to reach the crescendo of noise we have today. Truth and facts are routinely dismissed by half the country (progressive and conservative!) and societal trust is very low. We may be witnessing the decline of the American Empire, or on a more optimistic note it could be the clearing we need for the United States to live into the promise of the founders — a multiracial, pluralistic democratic republic.

At the heart of the matter there lies a disjointed group of savvy marketing people who have created a highly profitable business by dividing society against itself. This “business of breaking” was perfectly timed to take advantage of many societal-changing innovations like the internet, email, social media and most recently artificial intelligence. Ironically It is the democratization of information where discerning truth from lies became more difficult.

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Man stepping on ripped poster

A man treads on a picture of Syria's ousted president, Bashar al-Assad, as people enter his residence in Damascus on Dec. 8.

Omar Haj Kadour/AFP via Getty Images

With Assad out, this is what we must do to help save Syria

This was a long day coming, and frankly one I never thought I’d see.

Thirteen years ago, Syria’s Bashar Assad unleashed a reign of unmitigated terror on his own people, in response to protests of his inhumane Ba’athist government.

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Men and a boy walking through a hallway

Vivek Ramaswamy and Elon Musk, with his son X, depart the Capitol on Dec. 5.

Craig Hudson for The Washington Post via Getty Images

Will DOGE promote efficiency for its own sake?

This is the first entry in a series on the Department of Government Efficiency, an advisory board created by President-elect Donald Trump to recommend cuts in government spending and regulations. DOGE, which is spearheaded by Elon Musk and Vivek Ramaswamy, has generated quite a bit of discussion in recent weeks.

The goal of making government efficient is certainly an enviable one indeed. However, the potential for personal biases or political agendas to interfere with the process must be monitored.

As DOGE suggests cuts to wasteful spending and ways to streamline government operations, potentially saving billions of dollars, The Fulcrum will focus on the pros and cons.

We will not shy away from DOGE’s most controversial proposals and will call attention to dangerous thinking that threatens our democracy when we see it. However, in doing so, we are committing to not employing accusations, innuendos or misinformation. We will advocate for intellectual honesty to inform and persuade effectively.

The new Department of Government Efficiency, an advisory board to be headed by Elon Musk and Vivek Ramaswamy, is designed to cut resources and avoid waste — indeed to save money. Few can argue this isn't a laudable goal as most Americans have experienced the inefficiencies and waste of various government agencies.

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Frankfort, Kentucky, skyline on the Kentucky River at dusk.

Invest Appalachia supports community economic development projects and businesses across the Appalachian counties of six states.

Sean Pavone/Getty Images

A new blueprint for financing community development – Part III

In Part 2 of this three-part series focused on why and how the community development finance field needs to reframe the role of capital technicians and the market, rebalance power relationships, and prioritize community voice. Today we continue that discussion.

Invest Appalachia

Invest Appalachia (IA) is another strong example of how to rebalance power between financial expertise and community voice. On the surface, IA can be described in traditional finance terms—a community investment fund similar to a CDFI that has raised $35.5 million in impact investments and nearly $3 million in grants for flexible and risk-absorbing capital. IA officially opened its doors at the end of 2022. In its first year of operation, it deployed $6.3 million in blended capital (flexible loans alongside recoverable grants) to support community economic development projects and businesses across the Appalachian counties of six states: Kentucky, North Carolina, Tennessee, Virginia, West Virginia, and Ohio. Another $6.5 million was deployed in the first eight months of 2024.

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