Our Exalted Fearless Leader Almost Gets It
Obama is not a dumb man. He understands that government provisioning generally produces a worse service than private organizations which are dependent on people choosing to patronize them.
Here he is pointing out that while Fedex is required by law to charge higher prices than the Post Office for equivalent services, it is the Post Office which struggles and requires constant taxpayer bailout.
Like Amtrak, USPS, Fannie Mae and Freddie Mac, any publicly funded insurance company will struggle to contain costs as it encourages overconsumption.
The Obama administration, in choosing to ignore the limits on supply placed by government, is embarking on a program that is doomed to fail to meet any of the publicly stated goals.
It’s too bad that Mr Obama is unwilling to follow the evidence to its inevitable, logical conclusion.