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Here’s how it would work" test "Federal Workers Concerned That Returning To Office Will Interfere With Them Not Working" "Yes, the Democrats Have a Governing Problem – They Blame America First, Then Govern Accordingly" "Trump and His New Frenemies, Abroad and at Home" "The Left’s Sin Is of Omission and Lost Opportunity" "How Trump’s team will break down the woke bureaucracy" Pete Hegseth will be confirmed in a few minutes "Greg Gutfeld Cooks Jessica Tarlov and Liberal Media in Brilliant Take on Trump's First Day" "They Gave Trump the Center, and He Took It" French doors America THEN and NOW in 65 FASCINATING Photos "CNN pundit Scott Jennings goes absolutely nuclear on Biden’s ‘farce’ of a farewell speech — and he’s not alone" 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: 6962 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 # 4. #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   Replies to Comment # 4. #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   End Trace Mode for Comment # 4. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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