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Trumps Creates Task Force To Look Into US Postal Service
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13 Apr 2018 08:03 AM EST

President Donald Trump wants to study the U.S. Postal Service and its business model. On April 12 Trump ordered the creation of a task force to lead the study. The White House said it is specifically looking into the post office’s financial difficulties. The order said the USPS must be “restructured to prevent a taxpayer-funded bailout.” According to the order the Postal Service has lost $65 billion since the 2007-2009 recession.

Updated By Laura Tucker, Staff Writer

Despite having a horrible week with his lawyer's office being raided, Paul Ryan announcing he is stepping down, and insider information from James Comey's book being released, Donald Trump is forging ahead with his agenda. After making noise recently that Amazon was taking advantage of the Postal Service, he has now formed a task force with the goal of evaluating the finances and operations of the Postal Service.

Late last month Trump issued tweets regarding his disdain for Amazon. He thinks they get off easy when it comes to taxes and that the USPS takes it easy on them. This stems from the Postal Service adding Sunday delivery to their service because  the online store needed it for their Prime service.

On Thursday the President issued an executive order to create an administration task force to evaluate USPS's finances and operations. It will be chaired by Treasury Secretary Steven Mnuchin, and the task force will need to issue a report regarding changes within 120 days.

Included in the executive order is a statement that the Postal Service has had $65 billion of cumulative losses since the end of the Great Recession in 2009. Trump would like changes to be made to have the Postal Service operating under "a sustainable business model."

"The steep decline in First-Class Mail volume, coupled with legal mandates that compel the USPS to incur substantial and inflexible costs, have resulted in a structural deficit where revenues are no longer sufficient to fund the pension liabilities and retiree health obligations owed to current employees," states the order.

The order does not mention Amazon, but according to Trump's advisers, he complains about the company, owned by Jeff Bezos, even more in private than he does in public.

They say his anger at Amazon can many times be triggered by negative coverage of him in The Washington Post, which is also owned by Bezos. Although the two businesses operate independently, the President has accused the Post of being a "lobbyist" for Amazon.

Trump has complained that Amazon has a virtual monopoly on the industry and that it's affected the brick-and-mortar businesses and shopping malls. His advisers add that he does not use a computer and doesn't shop online.

He's been told by his aides that the USPS's difficulties are not the fault of Amazon, but that hasn't changed his mind. It's unknown if any of this led to him signing the executive order.

 

 

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