According to an article in today’s WSJ, at a recent town-hall meeting Obama is asked how the private insurance market will be able to compete against the government public option plan.
To answer the question the President draws a parallel to UPS, FedEx and the post office, “UPS and FedEx are doing just fine, right?” – following this astute comparison with: “It’s the post office that’s always having problems.”
Did I read that correctly?
Is Mr. Obama comparing the public option plan to the post office? An entity which has reported a $4.7 billion net loss in a single fiscal year, closed several hundred offices, and cut thousands of jobs.
If the public option plan is expected to be a costly and unsustainable government subsidized nightmare on par with the post office (even by those who created it!), why are we even having this debate?