“The Postal Service is a joke because they’re handing out packages for Amazon and other Internet companies. And every time they bring a package, they lose money on it.”
— President Trump, in remarks to reporters, April 24
President Trump is threatening to veto financial aid for the beleaguered U.S. Postal Service unless it hikes the price it charges for delivering packages — which he said should be quadrupled.
Note that he mentioned Amazon by the name. The Washington Post, of course, is owned by Jeff Bezos, the founder and chief executive of Amazon. The president is often displeased by reporting in The Post, which he occasionally labels the “Amazon Washington Post” even though The Post is not part of Amazon. Bezos has owned The Post since 2013 as a personal investment via Nash Holdings LLC.
Be that as it may, it’s certainly worth fact-checking whether the Postal Service loses money delivering packages for e-commerce merchants, as Trump claims. Continue reading.