2020 Democratic Candidates Tracker

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theprestige said:
Do you have a cite for that?

"government confiscated post office revenue" doesn't seem to return anything relevant in my searches.
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The Postal Accountability and Enhancement Act of 2006 required the Post Office to pre-fund the benefit obligations for its retirees. They had previously been using the pay-as-you-go model that pretty much everybody else uses, with the money to pay the benefits accumulating over the course of the employee's career.
 
Skeptic Ginger said:
Next time you are in a bank and in a post office, take a close look. Your post suggests if I have a small office it wouldn't be much at all to turn it into a financial institution.
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Dear me, how uncouth! I would never be in a bank. Banks are for poor people and little old ladies who don't know any better. My money, like that of all sensible gentlemen and ladies of refinement, is wisely invested except for the portion I desire to remain liquid, which is of course entrusted to a credit union.

But I suppose if enough of the population is so misguided to do business with banks they may be equally delusional about how good they are, and refuse to consider alternative possibilities, dismissing them out of hand as "stupid". I have to wonder in such cases whether the adjective is truly describing the correct object.
 
TragicMonkey said:
Dear me, how uncouth! I would never be in a bank. Banks are for poor people and little old ladies who don't know any better. My money, like that of all sensible gentlemen and ladies of refinement, is wisely invested except for the portion I desire to remain liquid, which is of course entrusted to a credit union.

But I suppose if enough of the population is so misguided to do business with banks they may be equally delusional about how good they are, and refuse to consider alternative possibilities, dismissing them out of hand as "stupid". I have to wonder in such cases whether the adjective is truly describing the correct object.
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That's quite the non sequitur dodge.
 
Skeptic Ginger said:
The post office is purposefully being run out of town by GOP legislators who have cronies that want to privatize it. Take the argument to its own thread if you want to talk about it.
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You were the one who brought up the ridiculous claim that the post office was actually profitable. Now that's been debunked, you make another silly claim and ask me to debunk it in a separate thread, but whether the post office makes or loses money is still on topic for the discussion of Bernie's plan.
 
theprestige said:
Is he saying that allowing the Post Office to provide basic banking services will end lending discrimination? Or is he just talking about two different banking-related problems in the same sentence?

Also, "allow"? Is the USPS wanting to offer banking services, but isn't currently allowed?

Also, is lending really part of the "basic" banking services? Maybe for an actual bank. But does the USPS actually want to be a fractional reserve banker, underwriting personal, home, and business loans for profit? That seems like a wildly different kind of business than offering basic money storage and transfer services to consumers.
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Also, "affordable"? What basic banking services are *un*affordable? Don't most consumer banks offer basic checking/savings accounts for free/low cost already?
 
It wasn't the first one either, though the Slash and Burn Rodger Douglas Labour Government back in the mid-80's sold that one off to the Aussies because you know, "Government shouldn't be in business."
 
But a fence is so much nicer than a wall:

Joe Biden once spoke about jailing employers who hire "illegals," said sanctuary cities shouldn't be allowed to violate federal law, and argued a fence was needed stop "tons" of drugs coming into the country from "corrupt Mexico."

(Paragraph of analysis snipped)

Speaking to a South Carolina rotary club in November 2006, Biden touted his support for the Secure Fence Act -- a bill that authorized 700 miles of double-layered fence on the border through more than a billion dollars in appropriations. The bill was also supported by then-Sens. Barack Obama and Hillary Clinton. CNN's KFile reviewed the video, which had been posted on YouTube at the time.
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And by the way his climate advisor sat on the board of a natural gas company:

News broke on Friday morning that Democratic presidential contender Joe Biden is crafting a “middle ground” climate policy that will seek to restore Obama-era environmental protections, focusing on rejoining the Paris Climate Agreement, increasing fuel efficiency, boosting natural gas, and deploying carbon-capture technology.

But there’s already a potential conflict of interest: Former Obama adviser Heather Zichal, who recently occupied a lucrative seat on the board of the Texas-based liquified natural gas (LNG) company Cheniere Energy, is now an “informal adviser” on climate change policy to the Biden campaign. The company has profited in recent years as the U.S. has increased its liquified natural gas production, something the Obama and Trump administrations have encouraged.
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But he's electable!
 
Good, the more of that which comes out, the better chance we have that the news media will start giving more attention to candidates besides Bernie and Joe.
 
Brainster said:
Yeah, let's take an enterprise that lost almost $4 billion last year and put them into a new business in which they have no experience, and encourage them to make loans to people whom the banks have turned down. I can't imagine what could possibly go wrong.
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0.5% of the military budget.

Less than the amount the orange toad shut down the federal government to try to get for his idiotic wall.

0.5% of the amount used to bail out banks in 2008.

As a guide, NZ did exactly the same thing - got the post office to set up a bank, and it turned out extremely well. Running a bank is easier than a running a post office. Can you count to 10? You're smart enough to open a bank.

Almost certainly nothing will go wrong.

Other than private equity funds receiving a tiny fraction less income.
 
The Atheist said:
0.5% of the military budget.
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What does that have to do with anything?

Less than the amount the orange toad shut down the federal government to try to get for his idiotic wall.
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And it's about ten times as much Bryce Harper got from the Phillies, since we're talking abut other comparisons that are meaningless

0.5% of the amount used to bail out banks in 2008.
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Which was paid back.

As a guide, NZ did exactly the same thing - got the post office to set up a bank, and it turned out extremely well. Running a bank is easier than a running a post office. Can you count to 10? You're smart enough to open a bank.
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The sad thing is that you probably believe that's all it takes.
 
Mah Fellow Merkins,

May I ask if you guys ever get out? There are numerous countries where the Post Office acts as limited banking (smaller accounts and amounts) with several rather large countries having postal banks with full licenses. Germany's was so successful that they've been under pressure for decades to privatize it.

China, Japan, India, France, UK, Spain, Germany.... just off the top of my head.
 
Foolmewunz said:
Mah Fellow Merkins,

May I ask if you guys ever get out? There are numerous countries where the Post Office acts as limited banking (smaller accounts and amounts) with several rather large countries having postal banks with full licenses. Germany's was so successful that they've been under pressure for decades to privatize it.

China, Japan, India, France, UK, Spain, Germany.... just off the top of my head.
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Yeah, I was kind of wondering why people thought that the post office bank thing was so off the wall.
 
Craig4 said:
Yeah, I was kind of wondering why people thought that the post office bank thing was so off the wall.
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I asked specific questions about the proposal and how it would make sense. In return I got "I don't know, ask Bernie" from one side, and I got called a merkin from the other side. If it makes so much sense, why is it so hard to answer questions about it and explain why it makes sense?
 
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