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I'm here for the moneuy Status: Not Logged In; Sign In -- See other -- Articles Title: Trump Triples Down In Amazon Feud: "Deal With Post Office Will Be Changed" Source: ZeroHedge URL Source: https://www.zerohedge.com/news/2018 ... m-costing-post-office-billions Published: Apr 2, 2018 Author: Tyler Durden Post Date: 2018-04-02 11:50:29 by VxH Keywords: FoamFingerFanClub Views: 5622 Comments: 36 President Trump's obsession and escalating feud with Jeff Bezos, and bringing Amazon to heel before it destroys what's left of America's crumbling brick- and-mortar retail industry, was on display Saturday morning when he fired off a series of angry tweets claiming the Bezos-owned Washington Post should register as a lobbyist and that the Post Office should jack up its parcel rates to stick it to Amazon. "While we are on the subject, it is reported that the U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon," Trump tweeted. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 24. #3. To: VxH (#0) "...it is reported that the U.S. Post Office will lose $1.50 on average for each package it delivers for Amazon," Trump tweeted...' Per CBSNews Money Watch There is little to these claims. While the postal service is struggling, it's not because of Amazon. In fact, package delivery is one of the few lines of business that's growing. The postal service has lost money for 11 straight years, mostly because of pension and health care costs. In 2017, the service lost $800 million on $69.7 billion operating revenue. Under a 2006 law, it must pre-fund 75 years' worth of retiree health benefits. Neither the government nor private companies are required to do that. (It has defaulted on those payments periodically, with the last one made in 2015). A widely cited Citigroup analysis from last year holds that the "true" cost of shipping packages for the Postal Service is about 50 percent higher than what it currently charges. "It is as if every Amazon box comes with a dollar or two stapled to the packing slip -- a gift card from Uncle Sam," read the ensuing editorials. But Citi arrived at that figure by re-allocating the Post Office's benefits costs -- not the costs specific to package delivery. The 2006 law also mandated that each line of business within the postal service cover its attributable costs. In other words, for the postal service to lose money on package delivery would be against the law. https://www.cbsnews.com/news/amazon-contract-usps-fact-checking-trump-tweets- amazon-post-office-03-31-2018/ Jameson  posted on  2018-04-02   11:59:44 ET  Reply   Untrace   Trace   Private Reply   #4. To: Jameson (#3) While the postal service is struggling, it's not because of Amazon. In fact, package delivery is one of the few lines of business that's growing. Yep. The USPS has been a government monopolized L.I.F.E.R. cluster frack for decades - that ain't Amazon's fault. The USPS's L.I.F.E.Rs would still be collecting a paycheck for delivering junk mail regardless of whether Amazon was putting actually useful stuff into the USPS sewer pipe. Another economics 101 FAIL for Donny Dumbass. VxH  posted on  2018-04-02   12:03:54 ET  Reply   Untrace   Trace   Private Reply   #5. To: VxH (#4) The USPS has been a government monopolized L.I.F.E.R. cluster frack for decades ... I hate to step on your toes, but the USPS was written into the US Constitution. buckeroo  posted on  2018-04-02   13:12:09 ET  Reply   Untrace   Trace   Private Reply   #8. To: buckeroo (#5) Oh did I say  government monopolized L.I.F.E.R. cluster frack for decades ...?    government monopolized double dipper L.I.F.E.R. cluster frack for decades.  There.  Fixed it.  My bad. VxH  posted on  2018-04-03   22:25:20 ET  Reply   Untrace   Trace   Private Reply   #10. To: VxH (#8) government monopolized double dipper L.I.F.E.R. cluster frack for decades. All federal employees receive outrageous levels of pay + benefits for their modicum of service. Your article is about the USPS, however. Are you familiar with RCCA? It stands for "root cause and corrective action"; as an opinion, when you intentionally select one of the "weeds in the field," you have missed the "why?" of your own discussion. buckeroo  posted on  2018-04-04   10:50:55 ET  Reply   Untrace   Trace   Private Reply   #19. To: buckeroo (#10) What is a double dipping L.I.F.E.R.? Last time I hefted sacks of bulk mail into the annex of the USPS in Denver, the USPS was festooned with them. VxH  posted on  2018-04-04   18:07:29 ET  Reply   Untrace   Trace   Private Reply   #20. To: VxH (#19) What is a double dipping L.I.F.E.R.? Beats me other than what I personally experienced while in the US Army. Lots of waste; lots of useless people that can make reports but can not make ACTION. Last time I hefted sacks of bulk mail into the annex of the USPS in Denver, the USPS was festooned with them. Seems to me that you had an opportunity to make serious changes based on personal observation. Why didn't you proceed with realizing the true significance of being a responsible US citizen? Today, you let us all down while you argue about silly stuff. buckeroo  posted on  2018-04-04   19:00:38 ET  Reply   Untrace   Trace   Private Reply   #22. To: buckeroo (#20) (Edited) silly stuff. What would the Double Dipping L.I.F.E.R.s in the USPS be doing if their under utilized pipeline was not filled with Amazon items? VxH  posted on  2018-04-05   15:00:41 ET  Reply   Untrace   Trace   Private Reply   #23. To: VxH (#22) You conveniently omitted ALL US government employees: federal, state, county or territorial, city, special districts and on and on. Many federal employees are triple and quadruple dipping as an example. buckeroo  posted on  2018-04-05   15:17:44 ET  Reply   Untrace   Trace   Private Reply   #24. To: buckeroo (#23) (Edited) You conveniently omitted ALL US government employees: federal, state, county or territorial, city, special districts and on and on. Many federal employees are triple and quadruple dipping as an example. I didn't "omit" anything. The USPS is an example -- And the L.I.F.E.R.s it is festooned with would still be collecting a paycheck regardless of whether or not Amazon gave them actual work to do. VxH  posted on  2018-04-07   7:21:46 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 24. #25. To: VxH (#24) Laissez-faire economics is the point here. One of the reasons why the postal service has contrasted discounted rates is NOT on the single item that is carried; It is the BULK items with Amazon. The USPS has local branch services throughout the country and uniquely is setup for distribution processes. The USPS is an example -- And the L.I.F.E.R.s it is festooned with would still be collecting a paycheck regardless of whether or not Amazon gave them actual work to do. Your point is meaningless. buckeroo  posted on  2018-04-07 07:38:32 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 24. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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