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TheBlackAdder

(29,981 posts)
38. Not to 'plunder', no sane person would telegraph that. But a PE privatization, definitely.
Mon Mar 18, 2013, 02:12 PM
Mar 2013

What does a PE company do to make money?

Go ahead, I want you to write what you know about them without kicking it back to me.

Here's a hint:


1) Sell off all REAL ESTATE assets, valued in the tens of billions.

2) Sell off all tangible assets, machinery, vehicles, materials.

3) Reduce pension benefits.

4) Borrow against remaining assets (pension fund) until the firm folds or another buyer is found.


===

The GOP Party Platform talks about USPS Privatization along with the Constitution (though the USPS is in it):

http://www.gop.com/wp-content/uploads/2012/08/2012GOPPlatform.pdf

Restructuring the U.S. Postal Service
for the Twenty-First Century
The dire financial circumstances of the Postal
Service require dramatic restructuring. In a world of
rapidly advancing telecommunications, mail delivery
from the era of the Pony Express cannot long survive.
We call on Congress to restructure the Service to ensure
the continuance of its essential function of delivering
mail while preparing for the downsizing
made inevitable by the advance of internet communication.
In light of the Postal Service’s seriously underfunded
pension system, Congress should explore
a greater role for private enterprise in appropriate aspects
of the mail-processing system.

===

Your next reply will just be that of an Internet Troll as you watch the news.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Ben Franklin is smiling MannyGoldstein Mar 2013 #1
Navy postal clerk here madokie Mar 2013 #2
Me too! MannyGoldstein Mar 2013 #3
Excellent comeback! RC Mar 2013 #8
Awesome. mac56 Mar 2013 #25
Damned if that's not an epic smackdown! 11 Bravo Mar 2013 #39
"The $5 aspirin is to pay for all of the aspirins they give to uninsured deadbeats... MannyGoldstein Mar 2013 #43
+1 HiPointDem Mar 2013 #40
Manny.. sendero Mar 2013 #79
This whole "privatization" crap re: the post office REALLY makes me mad as hell. loudsue Mar 2013 #4
Amazing wyldwolf Mar 2013 #6
Thanks for considering that. loudsue Mar 2013 #9
What's more... wyldwolf Mar 2013 #12
True that. And, see, I hadn't thought of that! loudsue Mar 2013 #15
Don't throw 'em away. "no postage necessary..."gets mailed back to sender if it's from a hated corp. canoeist52 Mar 2013 #14
I do that on a regular basis. loudsue Mar 2013 #16
I'd like to again point out that you can get removed from their mailing lists They_Live Mar 2013 #21
No, you cannot. I have called, written, emailed, loudsue Mar 2013 #23
What? Credit card offers? They_Live Mar 2013 #80
not defending junk mail melm00se Mar 2013 #60
I am aware of that. And while that part makes sense economically, it does not loudsue Mar 2013 #61
Less work to do in the plants, fewer machines needed, Occulus Mar 2013 #78
MONEY mtasselin Mar 2013 #5
The Post Office DOES have competition from UPS and FedEx. RC Mar 2013 #11
The Post Office is truly something for us to be proud of. tecelote Mar 2013 #7
Kickin' this thread for more exposure. loudsue Mar 2013 #10
Without Congress forcing pre-funding of retiree benefits, Buns_of_Fire Mar 2013 #13
+ 1000 They_Live Mar 2013 #18
+1 daleanime Mar 2013 #19
Motley Fool recently did an evaluation of USPS as a business. hay rick Mar 2013 #17
It's the Republican discriminatory pension mandate: Bernardo de La Paz Mar 2013 #20
While it was a bad law, it was also completely bipartisan hack89 Mar 2013 #26
The Democrats thought they were helping the union. The Republicans knew they were stangling govt. nt Bernardo de La Paz Mar 2013 #27
So were the Dems fools, idiots or naive? nt hack89 Mar 2013 #29
Just a ploy to have a Private Equity Firm seize the USPS and plunder the pension fund. nt TheBlackAdder Mar 2013 #30
So the Dems were criminally complicit. I see. nt hack89 Mar 2013 #31
As usual, putting words in other people's mouths. TheBlackAdder Mar 2013 #32
Or perhaps you are completely wrong hack89 Mar 2013 #33
Even thought that's contrary to your Birther mentality, it's not surprising. TheBlackAdder Mar 2013 #34
I am the one rejecting a conspiracy hack89 Mar 2013 #35
Not to 'plunder', no sane person would telegraph that. But a PE privatization, definitely. TheBlackAdder Mar 2013 #38
you're naive. HiPointDem Mar 2013 #41
No - am not naive hack89 Mar 2013 #42
they may be stupid (though i think that's doubtful). the people who fund them are not. and HiPointDem Mar 2013 #45
Well, if it isn't hack89 -- lying about this issue yet again brentspeak Mar 2013 #56
So show me where Waxman was not a cosponsor hack89 Mar 2013 #59
Already explained to you numerous times brentspeak Mar 2013 #62
Here is the appropriate section from the House Bill as it was introduced on 7 Dec 2006 hack89 Mar 2013 #63
Yep, and that is why they want to destroy it. nt bemildred Mar 2013 #22
do any rightwingers use private postal services exclusively Buffalo Bull Mar 2013 #24
K&R Just another scheme to enhance corporate welfare at taxpayer expense. USPS gets no taxpayer Egalitarian Thug Mar 2013 #28
They do get taxpayer money. See next post. former9thward Mar 2013 #37
What HiPointDem said. I am consistently amazed at how many far right-wing distortions and Egalitarian Thug Mar 2013 #46
You said they do not take taxpayer money. They do. former9thward Mar 2013 #47
Just as I suspected, there is no point. You don't understand and don't want to understand. Egalitarian Thug Mar 2013 #50
Your grandmother had good reason to tell this to you. former9thward Mar 2013 #53
The Post Office DOES use taxpayer money. former9thward Mar 2013 #36
bullshit. the 'loss' was created deliberately by congress. HiPointDem Mar 2013 #44
Your link does not show any misinformation on my part. former9thward Mar 2013 #48
the link shows how the 'loss' was created by congress. but you'd have to read the article to HiPointDem Mar 2013 #49
The pension payment has not been paid. former9thward Mar 2013 #51
Postal Service pensions are OVERFUNDED. hay rick Mar 2013 #52
That has NOTHING to do with it. former9thward Mar 2013 #54
You might want to stop letting your dog use the computer. hay rick Mar 2013 #55
His dog probably reads better than he does. n/t brentspeak Mar 2013 #58
The loss was created by everyone on DU. former9thward Mar 2013 #65
as i said, you're a font of disinformation. and not only on this topic. HiPointDem Mar 2013 #67
Looks like I'm going to have to pull up old links on former9thward brentspeak Mar 2013 #57
The funding payment is $5.5 billion a year. former9thward Mar 2013 #64
Reading and reading comprehension are not your friends brentspeak Mar 2013 #69
Not only is math not your friend, it is your enemy. former9thward Mar 2013 #72
There are elementary school children with more brain power than you brentspeak Mar 2013 #73
No they are not. former9thward Mar 2013 #74
There are no gov't agencies or private co's which prepay for unhired future retiree health benefits brentspeak Mar 2013 #75
There was an accounting rule change in 1990 which caused companies to pre fund retiree benefits. former9thward Mar 2013 #76
Hey, Brainstem - I wasn't the OP brentspeak Mar 2013 #77
The pre-funded payments maybe the bulk, but according to Donohoe they still would have lost $3B tammywammy Mar 2013 #66
The pre-funding mandate is the largest, but not the only problem facing the Postal Service. hay rick Mar 2013 #68
K and R senseandsensibility Mar 2013 #70
Morning kick senseandsensibility Mar 2013 #71
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