One of the questions that President Barack Obama tackled yesterday in a YouTube town hall regarded a theoretical privatization of the US Postal Service. His response: privatization of public services is “a bad idea most of the time.”
Obama answered that while some of the Postal Service’s operations would be appealing to many businesses, others – for instance, delivering a postcard to a remote area – would be less so.
The USPS ran a net loss of $3.8 billion for its 2009 fiscal year, which ended September 30.
The president also took on green energy and health insurance during the session, according to the Chicago Tribune‘s The Swamp politics blog.
