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We're Also Bailing Out the Post Office

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August 05, 2009 – Comments (8) | RELATED TICKERS: C , AIG

Move over Citigroup and AIG, the U.S. taxpayers are also racking up a big bill on the Post Office, albeit with much less fanfare.

Check out the Post Office's big losses.

I, for one, am glad we're letting the Post Office rack up massive losses rather than make changes -- I mean, what in the world would I do without a mailbox full of junk mail seven days a week?

Matt

8 Comments – Post Your Own

#1) On August 05, 2009 at 8:08 PM, LuckyStrike88 (< 20) wrote:

Not to mention Amtrak and GM.

 

 

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#2) On August 05, 2009 at 9:47 PM, bigcat1969 (92.41) wrote:

One interesting note is that a lot of the problem is the billions required for the health fund for the retired folks.  Isn't this the same problem that GM had and the one that America is run toward as quickly as possible with SS, medicaid and the upcoming health care bill?

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#3) On August 05, 2009 at 11:33 PM, Eudemonic (66.71) wrote:

I went to mail a package once at one of our finest and super fast USPS outlets,  and the clerk said "That'll be five dollars and ten cents." I had exact change and paid the fare. But then the scales jiggled or something moved and the amount due showed $5.11. The clerk demanded an extra penny from me. I wasn't about to aruge over one cent lest my package not even arrive. 

I see that penny really made a dent in their finances. They add up you know. 

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#4) On August 06, 2009 at 2:04 PM, TMFKopp (98.25) wrote:

@Eudemonic

Great name... I remember that word from studying positive psychology. For those that it doesn't jump out for: 

From a research paper contrasting eudemonic happiness and hedonic (and talking about potential overlaps):

"Research in positive psychology has followed two distinct theoretical trajectories. The eudemonic tradition defines happiness as the pursuit of one’s daimon or “true self” believing that he essential nature of man is to seek the good and in this pursuit happiness will follow. This is not a happiness of feeling, but rather one of doing and becoming – the sweat, blood, and tears approach. Those who follow in the hedonic tradition use different criteria to define happiness. Happiness, described as such, is about subjective state, the presence of positive emotion, and ood feelings. For what is a happy life if it is not the sum total of positive moments and feelings? As research in the psychology of happiness continues to progress, more overlap between these two approaches seems to emerge (Deci & Ryan, 2001). The study hopes to uggest that there is a stronger connection between feeling good and acting rightly (or good) than we thought, and that eudemonic character development and hedonic positive emotions perpetuate ach other in a positive spiral toward personal growth and increased subjective well-being."

(http://repository.upenn.edu/cgi/viewcontent.cgi?article=1001&context=mapp_slp)

Matt

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#5) On August 06, 2009 at 3:32 PM, lemoneater (81.74) wrote:

Every now and then one of these blogs rewards me with a knowledge nugget like the word definition in #4. I only ever had intro to psych--interesting!

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#6) On August 06, 2009 at 10:39 PM, Eudemonic (66.71) wrote:

TMFKopp: Thanks, I searched high and low ...

Lemoneater: It's strange where the nuggets appear,  usually not where you'd expect. It must be nature's way of keeping us alert.

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#7) On August 07, 2009 at 10:04 AM, HighRisk41 (41.11) wrote:

I can't possibly see how the USPS is broke? Why would people use email when they can send a letter for 50 cents a piece? I for one am for mandatory monthly stamp purchases for every American.. That'll show all those crazy people emailing and blogging.

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#8) On August 09, 2009 at 10:41 PM, alexxlea (66.68) wrote:

I proposed a "Cash for Stunkers" policy, not sure if it'll move through the House at this rate but we're hopeful and have a lot of co-sponsors.

The idea is that if Americans bring in their old glue-based lick technology adhesive stamps they can get a 50 cent refund on any self-adhesive stamp purchase over 3 dollars. The government will then take your old stamps and use them to heat the post offices that aren't being closed.

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