That's a different mine.



The polymet copper nickel mine was leased in 1989 and started its EIS in 2005. Even though the EPA approved it in 2014, and had final EIS published in 2015, and had all state permits approved in 2018 and federal permits approved in 2019 after the USACE's review was complete, it was still canceled by the Biden administration who rescinded the USACE permit without any change in environmental impact, and without allowing for environmental conditions. A blanket denial of the permit, despite not being a threat to freshwater reserves or wetlands or aquifers, despite passing decades of environmentalist scrutiny and being given the highest possible rating by the EPA.

That's the point, the Biden administration has been seeking to actively suppress domestic energy and resource production regardless of its environmental impact. Shuttering mines isn't a cost of environmentalism, its a political goal

This post was edited by Goomshill on Jul 29 2022 11:24am

Price of beer went up in my area.

Thanks Biden

Biden administration's approach to the recession is apparently just a repeat of the Afghanistan collapse playbook. They're just going to be silent on it and pretend its not happening and have a total absence of leadership.

But why would they do that?

So aside from shrinking GDP, what else is happening to make you think we're in a recession? We've added 2 million jobs to the economy, market losses are slowing/reversing, what else?

Edit: Have any of you on PaRD been laid off in the last 3 months? Anyone suddenly on unemployment?

This post was edited by Sioux on Jul 29 2022 07:42pm

We're in a recession because there have been two quarters of declining GDP, the definition of a recession. On top of that, the economy is strained to a breaking point. Supply chains are breaking. Energy is skyrocketing in cost. Inflation is skyrocketing. Property is skyrocketing. Growth in the stock market, like low unemployment numbers and state budgets turning surpluses, are artificial trends propped up by the massive government subsidization. From the overspending which is causing the hyperinflation. And the result has been businesses shuttering left and right and real wages of employees imploding

In the ostrich algorithm, you're supposed to stick your head into the ground and pretend nothing is wrong and hope you don't get eaten. Not keep your head above the ground, blind yourself with delusions and insist everything is actually really good. That's more the 'ending of requiem for a dream'

stock-market is in a down trend also by the way it is been hovering -15% to -30% most american indexes ytd

This post was edited by ownyaah on Jul 29 2022 08:12pm

So everything you listed that was actually quantitative is inflation which would generally improve under a recession. The rest was muh feelz which economists generally don't consider in their models.

GDP has been in decline 2 straight quarters, that is basically the definition of recession.

If next quarter is also negative then nobody will be able to doubt it

It's not but ok. The dangers of the internet is every monkey with an ipad suddenly thinking their an economist