Trump signs executive order to study US Postal Service

Post office building in Carmel Calif

Post office building in Carmel Calif

President Donald Trump ordered the U.S. Postal Service to undergo an audit Thursday evening, a move that comes after president's repeated claims that Amazon is fleecing the USPS through alleged unfair business practices.

In the executive order, issued just before 9pm, Mr Trump created a task force to examine the service's "unsustainable financial path" and directed the new group to "conduct a thorough evaluation of the operations and finances of the USPS".

Citing $65 billion of cumulative losses since the 2007-2009 recession and the Postal Service's inability to make payments required by law for its retiree health benefits, the executive order says "prompt, reliable and efficient universal mail services" are at risk.

The task force will be chaired by Treasury Secretary Steven Mnuchin or his designee, and it will consult with the Postmaster General and the Chairman of the Postal Regulatory Commission, among others, the executive order said.

But Amazon and its CEO, Jeff Bezos, have been frequent targets of Trump's attacks, with the president widely seen as targeting the company because Bezos owns The Washington Post, which has reported critically on the president.

The main issue I have with the tweet is that it suggests that the Postal Service is losing money primarily because of its contract with Amazon.

Canadians arrested in global investigation into child sex abuse live-streams
Then in July 2015, she said, undercover officers in Toronto "observed the live abuse of a six-year-old child over the Internet". Other people prosecuted in connection with that incident included a charity worker and primary school teacher, Ellis added.

The U.S. Postal Service has been roiled by the same gale-force technology winds, as Americans abandoned mail for email and other electronic communication. The Postal Service has the ability to operate in the black if not burdened with unreasonable congressional mandates. "Singling out favorite Trump villains like Amazon is a distraction from our bipartisan effort".

To further illustrate Amazon's role, the company takes credit for $7 billion of the $19.5 billion increase, showing it indeed has a positive affect on Postal Service revenue.

Claims that Amazon is taking advantage of the Postal Service have not passed muster with fact checkers.

The truth is that reported USPS losses are nearly totally due to the onerous pre-funding requirement that was imposed on the USPS by Congress in 2006 thru the Postal Accountability and Enhancement Act (PAEA).

"By law our competitive package products, including those that we deliver for Amazon, must cover their costs".

That's been the case since 1982, according to its most recent 10-K form.

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