Post Office, Which Obama Says is Like ObamaCare, Gets Fed Bailout

by Stephan Tawney on September 24, 2009

You’ll recall that one of the biggest sales pitches of the Obama Administration when it comes to selling ObamaCare is that the public option would be kind of like the Post Office. They claim FedEx and UPS can compete just fine against the USPS, even though neither of the former companies are permitted to engage in the latter’s biggest business: First Class Mail.

False logic aside, the comparison was stupid. As even President Obama himself admitted at the time:

I mean, if you think about — if you think about it, UPS and FedEx are doing just fine, right? No, they are. It’s the Post Office that’s always having problems. (Laughter.)

And he’s right!

Democrats moved Thursday to give special relief to the financially strapped Postal Service, which would be allowed to defer $4 billion in payments due at the end of this month to cover retirement benefits for its employees.

Republicans protested the bailout but made no significant effort to block the provision, which has now been attached to a stop-gap spending bill slated to come before the House and Senate in the next week.

Proponents of the language argued that the House has previously endorsed equivalent relief for the Postal Service, which faces a $5.4 billion payment to the retirement fund at the end of this month. House and Senate Appropriations Committee staff said the language now would reduce that payment to $1.4 billion, helping the Postal Service deal with its cash problems but also exposing the government at least temporarily to the $4 billion difference.

So, according to the Obama Administration, its health insurance plan would be kind of like the governmental organization that’s “always having problems” and needs billions of dollars in bailouts from the federal government.

I’m sold!

Thanks to Hot Air.



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