We didn’t like the headline in this story from The Washington Post, so we fixed it:
No, seriously. Read the story and tell us we’re wrong:
President Trump said Friday he would not approve an emergency loan for the U.S. Postal Service if it did not immediately raise its prices for package delivery.
“The Postal Service is a joke,” Trump told reporters responding to a Washington Post report on the Treasury Department’s plans to extract concessions from USPS in exchange for a line of credit Congress approved to aide the agency during the coronavirus pandemic. “The Post office should raise the price [of package delivery] four times.” [Pols emphasis]
Trump recently signed a law that allowed the cash-strapped agency to borrow $10 billion from the Treasury Department. The Post has reported that the White House wants to force changes at the Postal Service as part of the terms of the loan.
Trump confirmed Friday that rate increases would be among those conditions, and that he would not allow Treasury Secretary Steven Mnuchin to approve the loan without them.
In the middle of a deadly pandemic that has upended American life, President Trump is DEMANDING that the U.S. Postal service immediately quadruple what it charges customers for its package delivery service. This should go over real well.
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Let me beat Dave Barnes to the punch. Quadruple is 300%
(Double is 100%, Triple is 200%, …)
D'oh! We fixed it.
So, surely Ttump’s already announced “quadroopeled” rates at his DC hotel?? . . .
https://www.cnbc.com/2020/04/21/coronavirus-trump-dc-hotel-seeking-government-relief-nyt.html
“The Post office should raise the price [of package delivery] four times.” is confusing.
Does he mean go from 100 to 400 or does he mean from 100 to (100+400) 500?
This is why the term "basis points" exists.
He is just trying to stick it to Jeff Bezos.
Indeed. The Orange Destruction is motivated by grievance as much as greed. But with our Toddler King, he will lie about it and say it is just about saving the Post Office. He does this by not worrying about the collateral damage to everyone else.
He will just raise everyones’ price, knowing Bezos would pay much more.
Hail, Victory!!
Is there any gawd-d irony here that the
Fourth Circle of Hell*rump Hotel is the Old Post Office building in DC?? His relationship with the postal service may play out nicely for the OD and his spawn (or not).The Trump way of “negotiating”: If you threaten me, I’ll threaten you twice as hard.
The Landlord (Federal General Services Administration) was not wanting to allow the Trump hotel to default on rent “because of coronavirus”. Congress already prohibited any Trump family member or business from profiting from CV bailouts. So the Trumps are “negotiating” for rent relief.
So instead of paying up like a patriot, $rump wants to threaten the Post Office, one of the GSA’s main tenants.
Voter suppression on the side:
Trump’s demand also benefits the GOP by undermining the mail in ballot systems most states are considering now. If postage prices increase across the board so that USPS can survive, some voters would not mail ballots if it was, say, $1 to do it. .
via Gfycat
Spot on. He hates Bezos with a purple passion. Raising shipping costs while many people are receiving lots more packages (as opposed to going out shopping) only makes sense if viewed through a spiteful lens. If he cared a whit about the post office, he’d call on Congress to fix the retiree funding problem and make the post office solvent again.
I'm old enough to remember that there are a couple of "INDEPENDENT AGENCIES" which set policy for the US Postal Service. I can't think of a single thing giving the power to set prices to the President —
If there actually WERE a response and package prices increased, it would need to be on ALL sources. And I expect such an increase would make it quite reasonable for Amazon to NOT contract with the USPS, but to deliver themselves (or contract with other corporations) in most areas — and the USPS would lose about $3 billion in revenue, and lose virtually NO costs.