« on: August 19, 2009, 04:23:28 PM »
I got this courtesy of the
Drudge Report which linked to the Bloomberg column.
Obama Goes Postal, Lands in Dead-Letter Office: Caroline Baum
Commentary by Caroline Baum
Aug. 18 (Bloomberg) -- “UPS and FedEx are doing just fine. It’s the Post Office that’s always having problems.†-- Barack Obama, Aug. 11, 2009
No institution has been the butt of more government-inefficiency jokes than the U.S. Postal Service. Maybe the Department of Motor Vehicles.
The only way the post office can stay in business is its government subsidy. The USPS lost $2.4 billion in the quarter ended in June and projects a net loss of $7 billion in fiscal 2009, outstanding debt of more than $10 billion and a cash shortfall of $1 billion. It was moved to intensive care -- the Government Accountability Office’s list of “high risk†cases - - last month and told to shape up. (It must be the only entity that hasn’t cashed in on TARP!)
That didn’t stop President Barack Obama from holding up the post office as an example at a town hall meeting in Portsmouth, New Hampshire, last week.
When Obama compared the post office to UPS and FedEx, he was clearly hoping to assuage voter concerns about a public health-care option undercutting and eliminating private insurance.
The rest of the article is at:
http://www.bloomberg.com/apps/news?pid=20601039&sid=aJ01reSCujDQAnyone else think that the Obamessiah is pretty much a goner on this one, and in four years?
Logged
"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson
"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him. God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible
"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor
Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.
