Day: March 5, 2025

Analysis: Trump Administration Looks to Buck History as Treasury Inversions Predict Economic Pain for 2025

The Daily Torch
President Donald Trump

by Robert Romono   The Atlanta Federal Reserve on March 3 has again issued its GDP Now projection, finding the U.S. economy could be contracting at an inflation-adjusted, annualized 2.8 percent rate for the first quarter of 2025. That is down further from its Feb. 28 projection of negative 1.5 percent. But this was a long time coming, with red lights flashing since 2022 as inflation overheated the U.S. economy amid a slowdown of global production following Covid and trillions of dollars of monetary and fiscal stimulus. One such reliable recession measure, the spread between 10-year treasuries and 2-year treasuries, has shown inversions — the 10-year interest rate goes lower than the 2-year rate and then stays there for a period of time as investors begin hedging against risk by locking higher long term rates — in each of the last six recessions. In 1978, the 10-year, 2-year spread inverted, foretelling the 1980 recession, in 1980 predicting the 1981-1982 recession, in 1989 before the 1990-1991 recession, in 2000 before the 2001 recession, in 2006 before the 2008-2009 recession and even in 2019 before the 2020 Covid recession. It’s like clockwork. Sometimes there’s a head-fake, for example, a brief inversion in 1998 did…

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Conservative Group’s Ad Puts Trump On Mt Rushmore For ‘Remarkable’ Achievements In First Month

Daily Caller News Foundation
President Trump on Mt. Rushmore

The Heritage Foundation is launching an advertisement on Tuesday praising some of President Donald Trump’s accomplishments since he returned to the White House.

The ad — first obtained by the Daily Caller News Foundation — is launching just hours ahead of Trump’s Tuesday evening address to a joint session of Congress, praises Trump’s for “doing what he said he would do,” and also shows an image of Trump’s face imposed on Mount Rushmore. The Heritage Foundation’s video also claims that Trump has “done more across more areas of American policy, culture and life,” than any other modern U.S. president.

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In ‘Outrageous’ Decision, Court of Appeals Strikes Down Arizona’s Laws Requiring Proof of Citizenship to Register to Vote, Clean Voter Rolls

Rachel Alexander
Voter Registration

A panel of the Ninth Circuit Court of Appeals struck down two Arizona election integrity laws last week. HB 2492 and HB 2243, sponsored by Senator Jake Hoffman (R-Queen Creek) when he was in the State House, were enacted in 2022. Far left groups along with the DNC, the Arizona Democratic Party, and the Biden Administration’s DOJ Civil Rights Division filed lawsuits challenging the laws. HB 2492 required voters to provide documented proof of citizenship (DPOC) in order to vote in the presidential election or by mail, and in order to register to vote in state and local elections. HB 2243 required county recorders to regularly clean the voter rolls to remove noncitizens. The panel held that the laws violated the National Voter Registration Act (NVRA) and the Civil Rights Act

State Senate President Warren Petersen (R-Mesa) posted on X that he would be appealing the decision to the Supreme Court. “It’s a new year but we have the same, old Ninth Circuit Court of Appeals, playing familiar games of judicial activism,” he said in a press release. “Mere months after being overturned by the Supreme Court in this matter, the Ninth Circuit shockingly ignored the Constitution by blazing an independent trail to reach a very different conclusion. This radicalism undermines confidence in our judicial system, and it has negative consequences for the fabric of our Republic. Legislative Republicans are already working to return to the Supreme Court in defense of Arizona election integrity, and we intend to win.” 

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