Saturday, October 2, 2010

Postal Service expects $6 billion year-end loss

Once again we see how well government run businesses fail, year in and year out, only to be subsidized by our tax dollars.  The Washington Post reports that the USPS will lose $6 billion this year with dwindling revenue from declining use of the mail.  What they fail to mention is that private parcel and express delivery companies like UPS and FedEx are highly profitable, and offer superior service to anything that the postal service offers.

A sure cure to the lack of profitability would be to privatize the USPS and/or allow FedEx and UPS compete for delivery of first class mail.  The bloated USPS simply could not compete with lean and mean companies that would be in direct competition with them, and the postal workers union would fight it tooth and nail.  I know it's a pipe dream, at least under the current administration who is in the pocket of organized crime labor.

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