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FBN’s Lou Dobbs on the United States Postal Service and the debate over whether snail mail should be saved.
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Let's -- and Lou Dobbs host of Lou Dobbs tonight to -- and all key item that a -- -- -- -- -- I handled better already at about our.
Post office -- the only person is gonna come -- -- -- they have some good products it's about cutting the fat right you know I think it's about a lot of.
Things -- one thing it's certainly about is not perpetuating an institution that is outlived its time and its function.
We watched.
First class mail decline for the past two decades.
This the -- sovereigns has been to be kind slow in responding.
And and what's interest as you listen to -- report to me is that the choice here facing the nation.
Is whether congress cuts the size of the post office or whether the Postal Service does.
You know far be it for me to say one is better at the than the other it being prudent and responsible and downsizing.
But I think private equity should buyout the post office and slim it down they -- make -- even his CEO she got good products -- their priority mail is great look at Fred Smith at FedEx.
I mean that's how are -- gonna be looking for restricted stock options -- we'll -- a -- -- -- Look for dollar a year to start just to show that it can be done all you have to do is get rid of a lot of the waste I think that if you're gonna keep you know they say that you have to -- just now -- going because this is one of those basic things to guarantee.
Service but you never guarantee how long it's gonna take to get there mean they're good products inside the post office and once again a promise that it is beautiful hair -- probably labor.
But the fact of the matter is every free enterprise conservative and Republican in congress it seems is all about perpetuating.
A what is -- dinosaur.
What are the answer -- absolutely that's the cardinal -- what I just did instructed -- dot.
I -- your I think it is issue.
She probably after the first Larry I glamour because there are a lot of rural areas a lot of people who don't have the luxury I have -- -- -- -- I think you're quite work behind him gave it to lose our.
Postal Service on our pharma -- -- -- were good driving that's so what's the solution you talk about trimming the fat I mean.
Whether or not it's congress of the Postal Service decides also have those tens of thousands of workers in their helped me so hat and mean are we looking at -- by eight.
Or negotiations similar to the budget fighting a we're looking to Washington is that could -- get back down the need to see.
This is the year this is the presidential contest that will determine the -- -- actually believe it.
This is not a -- and obligatory.
Sanction and support.
By the US taxpayers of the independent government agency that are here to four.
Had at least been operating on its postage stamp -- revenues if you will.
Now.
Twelve and a half billion dollars from the US treasury to an institution.
And that last year lost five billion dollars this year involves losses may rise to seventeen billion dollars.
And meanwhile the revenue really hasn't changed altogether back much over the course of the past decade within about five to seven billion dollars a year.
It's a legacy costs that are killing and magazines aren't around guy.
-- work out postmaster general right here you -- be making can be a little nervous you're you're talking like you're looking for a little different approach.
Committed to this I think you go interest in Iraq -- The polls wrestler that -- meeting and -- read our demand forecast engines that work -- just heard Charlie we're doing great while you're gonna embark idea in the the balance but I -- I can do about I don't think it's that -- I think you gotta just really cut the fat there's a great businesses and there.
Pirating did you take your -- all of our home privatizing.
Yes you know well hasn't a lot of these public works I -- I think the post office is a no brainer for -- It's happening is irrespective of the wishes of either congress or the Postal Service itself.
UPS FedEx all of the other services that are coming up here.
Ought not to mention the worldwide web having some minor minor modest -- It's a victim of -- market in changing times and it is silly.
And irresponsible on the part of this congress Republicans and Democrats to try to perpetuate something that is.
Ultimately an efficient and productive an extraordinarily costly.
Sounds like you're not be part of rentals I probably won't I loved on what I do you know its.
-- all -- tonight.
At seven at 10 PM eastern doing what you love to do.
Right here and you're right -- former New York Stock Exchange chairman Dick Grasso is gonna talk about when we will see real prosperity get you don't wanna miss that and we certainly won't.
Thank you for that deal aren't looking to sign here yes they sort of -- up -- to.
