(August 26, 2014) Fox Newsâ Cashinâ In show used the U.S. Postal Serviceâs default on a $5.7 billion payment recently as little more than a pretext to bang the drum of privatization again.
Jonathan Hoenig got the privatization ball rolling. âWe should follow Europe in this case and privatize it just like postal industries in England, in Denmark, and in Germany.â
âPrivatize it. I love that idea,â host Eric Bolling said.
Michelle Fields said she âabsolutelyâ agrees.  âAnd this is not surprising. All you have to do is walk into a post office to understand why they are going broke. Itâs horrible customer service. âŠJust privatize the whole thing.â
Jehmu Greene was the only dissenter. She said, âThe post office actually gets no tax dollars from us, so weâre not paying for it. They have to supply the Treasury with six billion dollars a year to take care of the retirees and the health benefits. âŠTheir operating revenue is actually going up.
Greene also noted, âPrivate companies rely on the post service. And if it goes away, all the prices go up and the fact that Amazon just contracted with them â yes, UPS and FedEx use them because theyâre not going to provide services for rural communities. We canât leave them out.â
The heck with rural communities, as far as Bolling is concerned. âWeâre free market capitalists here. The pricing mechanism is broken with the post office,â he said.
Wayne Rogers agreed. âThereâs no doubt about it. âŠYou have FedEx and that you have these other postal services that came out of the private sector to compete with the post office. Seventy five years ago, they werenât there. âŠThe post office should go out of business. They should privatize it or as you said, and let them go out of business or they have to compete with the FedEx and those people.â
Alternet explains why privatization of the Postal Service means job and tax revenue losses along with hardships for businesses and communities.
Watch the lack of concern for the consequences of privatization below, from the August 16, 2014 Cashinâ In.
via Fox Still Working To Privatize The Post Office – NewsHounds.