Trump: No Bailout For USPS Unless Prices Are Raised For Package Delivery (Actual Intent Is To Hurt Amazon)

The Washington Post reports:

President Trump on Friday said he would not be approving an emergency loan for the U.S. Postal Service if it did not immediately raise its prices for package delivery, confirming a recent Washington Post article that said he planned to exert more control over the agency. “The Post Office is a joke,” Trump told reporters. “The Post Office should raise the price [of package delivery] four times.”

Trump recently signed a law that allowed the cash-strapped U.S. Postal Service to borrow $10 billion from the Treasury Department. The Post has reported that the White House wants to force changes at USPS as part of the terms of the loan. Trump confirmed on Friday that one of those new conditions is a requirement that the Postal Service raise prices. “If they don’t raise the price, I’m not signing anything.”

As most of you surely know, Trump doesn’t give a shit about postal prices, he’s just looking for any opportunity to jab at Amazon owner Jeff Bezos.