In defending the idea that government can be just another competitor in the health care industry, President Barry Vladimir Hussein Soetero Obama made this bizarre statement:
"UPS and FedEx are doing just fine, right?" the president said. "It's the Post
Office that's always having problems."
There is so much in that brief statement. There are the obvious non-sequitors in his comparison:
- The government does not allow competition in the mailing of first class letters.
- The government does not fine citizens who choose not to ship packages with anyone.
- The government does not set a different set of regulations especially to make FedEx and UPS non-competitive.
- If you choose to send a letter or package via a friend traveling to the corresponding destination, you and the friend are not subject to criminal charges.
- Taxpaying citizens are not compelled to mail packages for non-taxpaying citizens.
- People who are not currently customers of FedEx and UPS can use their services at any time, unlike government health care which explicitly outlaws new private plans.
But, the topper was his own admission that the U.S. Postal Service is a train wreck. Despite being propped up by the taxpayers, ever-rising rates, and ever-shrinking services USPS is $2 billion in the hole. It can do that because the profit motive is irrelevant. Yes, I know it's a for-profit corporation, but it never turns a profit. Its management collects hefty bonuses. They know, even if they fail, the tax payers will be forced to float them another loan.
FedEx and UPS have to compete in a free market. They must be profitable or risk extinction. The federal government will not bail them out. They cannot demand that taxpayers underwrite their mistakes. Therefore, they outperform the USPS.
So, in his own words, President Obama told us he wants to create an inefficient and inferior product to what we currently have. What a salesman!