Trump Can't Hide His True Reason for Derailing the Post Office

[Yo_Mama_Been_Loggin]

(Bloomberg Opinion) -- Taking reporters’ questions on the White House lawn Monday morning about the future of the U.S. Postal Service and mail-in balloting, President Donald Trump dissembled.

“One of the things the post office loses so much money on is the delivering packages for Amazon and these others. Every time they deliver a package, they probably lose three or four dollars,” he said. “That’s not good. They have to raise those prices — OK — not for the people to pay, but for Amazon and those companies to pay.”

Trump has been asserting this for years and it’s not true. Delivering packages provides a handsome revenue boost to the U.S. Postal Service, thanks to e-commerce companies such as Amazon.com Inc. and others that ship packages in vast truckloads. But package delivery is a small part of the Postal Service’s operation. Mail delivery is its lifeblood, and it has been withering.

A big chunk of the Postal Service’s losses, about $32.6 billion for the fiscal years 2014 through 2019, are also due to a congressional mandate requiring it to prefund future retiree health benefits for its employees — which many other public and private entities don’t have to do. So no, none of these financial problems are caused by package delivery.

https://www.yahoo.com/news/trump-t-hide-true-reason-093010827.html

[Karadeniz]

1. Paragraph 2, the quote. Really, really stupid. We won't pay, Amazon will pay. Where does

Mental midget think Amazon will get its money from, thin air?

[world wide wally]

2. I have often marveled at the concept that I can buy a stamp for 50 cents and have letter delivered

anywhere in the world withing a week.

[lagomorph777]

3. And, if they had enough volume, USPS would make a PROFIT on that 50 cents.

It is amazing.