December 16, 2024 • 3 mins
Chris delves into Donald Trump's proposal to privatize the U.S. Postal Service, championing it as a necessary move to end government inefficiency. With the USPS reporting a staggering $9.5 billion loss despite $80 billion in revenue, Markowski questions why a monopoly can't make ends meet. He explores the potential impacts on e-commerce giants like Amazon and small businesses, arguing that privatization could unlock innovation and efficiency. Markowski critiques decades of mismanagement and sees this as a step toward streamlining federal agencies. www.watchdogonwallstreet.com
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Episode Transcript
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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.
Speaker 2 (00:14):
Markowski privatize in the post office. I think that this
is great. Quite frankly, I think this is fantastic. It's
going to make all the big government types and the
leftist heads explode. Yep. So Donald Trump is zlorready expressed
interest in taking the US Postal Service private. Discuss this
(00:38):
with Howard Lutnik has picked for Commerce Secretary. The losses,
the losses, Trump said the government shouldn't be responsible for
subsidizing the postal service. I agree. I agree. Postal service
loss nine point five billion dollars nine point five billion
(01:03):
dollars fiscal year ending September thirtieth. That's up from six
point five billion the previous year. Again, it has operating
revenue of nearly eighty billion dollars, and they're saying it's
blame the financial bleeding on non cash contributions to worker compensations.
(01:29):
You think about this, You have a monopoly. You have
a monopoly business here eighty billion in revenue, and you
can't make it work. You can't make it work. I'd
have this figured out in an afternoon. Privatize the federal
(01:54):
agency could send shockwaves across the shipping industry, affecting small
business and rural communities, in addition to potentially gutting hundreds
of thousands of federal jobs. Love it got, the hundreds
of thousands of federal jobs, goodbye, goodbye all. It could
(02:15):
have drastic effects on the e commerce industry, with companies
like Amazon relying on the postal service for last mile
delivery between their fulfillment centers and customers' homes or businesses. Right, sure,
you don't think that Amazon will have this figured out
(02:35):
again in an afternoon. They will have it figured out
in no time. You know it, and I know it.
And again I'm sure Amazon is champing at the bit,
champing at the bit right now, looking to get a
piece of this business. Oh my god, could kill it
(03:02):
for crying out loud doing this. I mean, you think
about the myriad of different ways that this could be done,
and how mail could be done. I mean, it's just
it's you're talking eighty billion dollars in revenue, and again
(03:23):
the postal service over the years, with the going back
to the nineteen nineties with email and online bill pay
and how things are delivered, they never made any damn adjustments.
Could have, could have, but again it's just much easier
government worker just sit on your laurels and never improve anything.
So again I is a step in the right direction. Okay,
(03:45):
privatize the damn post office. Fantastic watchdog on Wall Street
dot com.
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.
Speaker 2 (00:14):
Markowski privatize in the post office. I think that this
is great. Quite frankly, I think this is fantastic. It's
going to make all the big government types and the
leftist heads explode. Yep. So Donald Trump is zlorready expressed
interest in taking the US Postal Service private. Discuss this
(00:38):
with Howard Lutnik has picked for Commerce Secretary. The losses,
the losses, Trump said the government shouldn't be responsible for
subsidizing the postal service. I agree. I agree. Postal service
loss nine point five billion dollars nine point five billion
(01:03):
dollars fiscal year ending September thirtieth. That's up from six
point five billion the previous year. Again, it has operating
revenue of nearly eighty billion dollars, and they're saying it's
blame the financial bleeding on non cash contributions to worker compensations.
(01:29):
You think about this, You have a monopoly. You have
a monopoly business here eighty billion in revenue, and you
can't make it work. You can't make it work. I'd
have this figured out in an afternoon. Privatize the federal
(01:54):
agency could send shockwaves across the shipping industry, affecting small
business and rural communities, in addition to potentially gutting hundreds
of thousands of federal jobs. Love it got, the hundreds
of thousands of federal jobs, goodbye, goodbye all. It could
(02:15):
have drastic effects on the e commerce industry, with companies
like Amazon relying on the postal service for last mile
delivery between their fulfillment centers and customers' homes or businesses. Right, sure,
you don't think that Amazon will have this figured out
(02:35):
again in an afternoon. They will have it figured out
in no time. You know it, and I know it.
And again I'm sure Amazon is champing at the bit,
champing at the bit right now, looking to get a
piece of this business. Oh my god, could kill it
(03:02):
for crying out loud doing this. I mean, you think
about the myriad of different ways that this could be done,
and how mail could be done. I mean, it's just
it's you're talking eighty billion dollars in revenue, and again
(03:23):
the postal service over the years, with the going back
to the nineteen nineties with email and online bill pay
and how things are delivered, they never made any damn adjustments.
Could have, could have, but again it's just much easier
government worker just sit on your laurels and never improve anything.
So again I is a step in the right direction. Okay,
(03:45):
privatize the damn post office. Fantastic watchdog on Wall Street
dot com.
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