Todays Wall St Journal tells you why.Whatever possessed President Obama to mention the travails of the post office while discussing health care the other day, his timing was certainly apt. The Postal Service is headed toward a loss of $7 billion this year and another $7 billion in 2010. Naturally, Congress is planning another bailout rather than the kind of reform that would recognize how technology has transformed modern communications.
Not that the Postal Service has ever been a paragon of efficiency. If the cost of a postage stamp had risen at merely the rate of inflation since 1950 when a stamp cost two cents, today you could send a first-class letter for 30 cents. Instead the cost rose in May to 44 cents from 42 cents.
These higher prices have corresponded with worsening service. The mailman used to deliver twice a day in urban areas, but now Postal Service Chief Executive John Potter says he wants to stop Saturday service to reduce costs. No private business in America could continually raise prices, lose billions of dollars and then hope to win back customers by promising poorer service.
Because the tenant in the WH is who he is, we should never be surprised by anything that comes from his mouth. He doesn't know the truth when it is in his face.
ReplyDeleteHe can use big words, obscure references all with a smile. The smile says, 'I'm smarter than you.'
I truely believe he has greatly underestimated the American public. We, the people, are finally waking and understanding just what we, the voters for this fraud, have done.