Shut Down the Postal Service!!

Chris applauds President Trump's plans to disband the governing board that oversees the postal service and absorb the agency into the administration. He shares his own bad experiences with the postal service and talks about how email and Amazon have made them much less important than they used to be. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Shut it down, shut it down, shut it shut it down.
I got that public Enemy song in my head. Yeay y'all,
yea y'all. Shut down the Postal Service. Trump, I love it.
I love it. This is great, great news. Trump making
plans to dismay the governing board that oversees the Postal

(00:39):
Service and absorb the agency into the administration again, throwing
the whole thing into doubt. And this fantastic. Yeah, I
can to fire the all the members of the Postal
Services governing board, put the agency under the direct control
of the Commerce Department. Yeah. I love it, I love it.

(01:00):
I don't know. We talked about this several months ago
here on the program. There was a great bit from
the nineteen nineties on Seinfeld where Kramer. Kramer was sick
and tired of getting pottery barn catalogs and all this
junk mail, and he tried to cancel the mail. He

(01:21):
wanted to cancel it and Newman, okay, the resident mail
carrier in their building. No, can't do it. Kramer. You
don't know what you're messing with. You don't know the
powers you're messing with. And it was funny, and it
eventually got down to Wilford Brimley appeared as some head
of the Postal Service basically given Kramer talking to you

(01:42):
can't you can't do this, you can't cancel the post office.
But all points that Kramer made at that point in
time is like, and again this is the nineties, basically,
really don't need this any more. And I remember talking
about this again nineteen nineties, the ad email coming out

(02:04):
and right away I'm like, wait to sign it. This
is free. What do you think that this is going
to do to the Postal Service, which was a mess
back then ahead of time. I remember back in the
Postal Service wanted the government. They were actually thinking about
charging for email so it would compete with the Postal service. Yeah,

(02:29):
it's a joke. And again I'm biased to some degree
because the Postal Service has screwed me royally many times
and screwing up things and tired of it. And then
again you deal with the Postal inspectors. Good luck with that.
They're not doing it, damn thing. They're sitting on their
asses all day long. Yeah, they're really looking into why

(02:50):
mail goes missing. And we did a bit on this
on the program, the amount of checks that are stolen
via the mail every single day. But anyway, neither here
nor there. Okay, last night, last night I was I
ran out of a couple of my uh the vitamins

(03:11):
that I take every single day, and ordered it from Amazon.
Bata boom bada bing. It was here by morning. It
was here by morning. Don't don't tell me. Don't tell
me that. I don't care who, whether it be Amazon,

(03:32):
I don't care any of these teching. You don't think
that they could figure this stuff out but quick. You
don't think that they could have this whole thing solved
and have the service running efficiently, efficiently in a very
in a timely manner. There's no doubt about it. It
would be awesome. But again, you talking about the amount

(03:55):
of government workers that are involved and the pensions and
everything that goes along with this. This is a this
is a big government agency that we have to continue
to pour money in because they can't figure it out.

(04:16):
They can't figure it out. You know, I'm hoping that
Trump does the same thing to Amtrak as well. Yeah.
I like choot your trains too. I do. And there's
certain areas of the country where trains are fantastic and necessary,
but not everywhere. Watchdog on Wall Street dot com