President Obama in his own words:
“If you think about it, UPS and FedEx are doing just fine. It’s the Post Office that’s always having problems.”
Now, I realize Obama’s knowledge of both business and economics is, at best, challenged. But his latest statement—which is supposed to somehow be supporting a government takeover of health care—reveals a true lack of even a basic understanding of capitalism and market forces.
It is because FedEx and UPS must compete in the marketplace that they are strong and profitable.
But the Postal Service? They have an egalitarian model of mail distribution (everyone has a “right” to have mail delivered 6 days a week), a fundamental flaw in their business model from the beginning. And their “Board of Directors” is Congress. On top of that, the USPS “successfully negotiated” [sarc] government pensions for 633,000 government workers in a government union.
If nationalized health care is run as well as the USPS, we can all count on mediocre service based on political decisions…but at least everyone can get it if they are willing to walk to the street! Just don’t ask about the “dead letter office.”
Then again, maybe Obama wanted to undermine the primary agenda item on which he campaigned. After all, even he hints that he may know the idea is a loser.