Trump calls Amazon's deal with Postal Service a 'scam' costing 'billions'

#128
#128
SpaceCoastVol said:
What's the big deal? It's a movie I have never heard of. Hardly a 'wtf' moment.
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It's not a big deal, but it's widely quoted, so it's surprise to find someone that's never heard of it.

"Bye Felicia!"

"You got KTFO, man!"

“damn! You’ve got to be one stupid MFer to get fired on your day off.”

Among others.
 
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#129
#129
n_huffhines said:
It's not a big deal, but it's widely quoted, so it's surprise to find someone that's never heard of it.

"Bye Felicia!"

"You got KTFO, man!"

“damn! You’ve got to be one stupid MFer to get fired on your day off.”

Among others.
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Well you are the one that gave me a 'wtf' dude. Sorry that I don't watch every pop movie that comes down the pike.

I have asked plenty of people about Idiocracy that have never seen it, and I don't act like they live in a cave or something. gmafb.
 
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#130
#130
n_huffhines said:
It's not the market that they're taking advantage of, it's government.
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How so?

The USPS was going to be there either way. They can either have the business or not have the business. As the postal worker stated earlier in this thread - they're grateful to have it.

I don't see how Amazon could be 'taking advantage' of the USPS if the USPS went into the deal with eye's wide open and they negotiated and settled on a contracted price based on the volume.
 
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#131
#131
SpaceCoastVol said:
Well you are the one that gave me a 'wtf' dude. Sorry that I don't watch every pop movie that comes down the pike.

I have asked plenty of people about Idiocracy that have never seen it, and I don't act like they live in a cave or something. gmafb.
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Maybe don't be so sensitive.
 
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#132
#132
Septic said:
How so?

The USPS was going to be there either way. They can either have the business or not have the business. As the postal worker stated earlier in this thread - they're grateful to have it.

I don't see how Amazon could be 'taking advantage' of the USPS if the USPS went into the deal with eye's wide open and they negotiated and settled on a contracted price based on the volume.
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It's almost like you're not a libertarian.
 
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#134
#134
n_huffhines said:
It's almost like you're not a libertarian.
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You mean the way that I don't think that trump should be using his governmental influence to manipulate a private company deals? Because that seems pretty libertarian.
 
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#135
#135
Septic said:
You mean the way that I don't think that trump should be using his governmental influence to manipulate a private company deals? Because that seems pretty libertarian.
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It's not really. A libertarian would be against using force or the threat of force to influence a business. If he's just blasting them for practices he doesn't like, it's not on the libertarian scale for evaluation.

A libertarian should definitely be against a USPS that uses force to create winners and losers in the market place.
 
#136
#136
Septic said:
HFS, are you really trying to spin this back to the dems as an excuse?

Trump does something (else) incredibly stupid and not at all conservative and you're going to cast blame (via me and 'the dems') for pointing it out? LOL

Rational people irrespective of their party affiliation (but especially conservatives) should be beside themselves for trumps boorish Amazon attacking behavior.

That you appear to be defending him "no matter what" by way of attacking the dems is ironic. You're coming across as doing the very thing which you claim to despise.
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I’m not defending him. But he’s suggesting things democrats are typically for- less “corporate welfare” and more tax collection- and they’ve blown a fuse. I like listening to democrats say Amazon is just following the law, they shouldn’t pay any more tax than they owe. The same people have an aneurysm when one of Trump’s companies follows the law to get a golf course wetlands credits or agricultural tax rates. Amazon is smart for leveraging weaknesses in the market, but raise the cost of a drug with no generic competition and you’re a monster.
 
#137
#137
Amazon pays the US post office to deliver packages to customers' doors, including on Sundays, and because Amazon ships so many packages though the post office, it's charged at a lower rate than most customers, CNN has reported. But Amazon does not receive a special rate; it pays the rate that the post office charges other bulk shippers.
Neither Amazon nor the post office has disclosed the details of its agreement, but the Postal Service says the deal is mutually beneficial.
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If you think that trump calling this a SCAM is defensible then I'm all ears. The biggest irony is that he's the last guy in the world that should be criticizing ways to "get over" (as he alleges) on the government. He's made a career of it.
 
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#138
#138
n_huffhines said:
It's not really. A libertarian would be against using force or the threat of force to influence a business. If he's just blasting them for practices he doesn't like, it's not on the libertarian scale for evaluation.

A libertarian should definitely be against a USPS that uses force to create winners and losers in the market place.
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But that's not what he's doing. His comments alone have cost the company billions and with it gobs of other market share for funds tied to it. Actions have consequences and as president his words carry weight.

As a libertarian it's disgusting to think any governmental employee should be able to influence the private marketplace with impunity.

The USPS isn't using force to do anything, all bulk shippers get the same deal. Volume deals are open to all. Amazon isn't even special in this regard, they're just being singled out.
 
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#140
#140
Septic said:
But that's not what he's doing. His comments alone have cost the company billions and with it gobs of other market share for funds tied to it. Actions have consequences and as president his words carry weight.

As a libertarian it's disgusting to think any governmental employee should be able to influence the private marketplace with impunity.

The USPS isn't using force to do anything, all bulk shippers get the same deal. Volume deals are open to all. Amazon isn't even special in this regard, they're just being singled out.
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You're essentially saying the president can't talk about business.

The USPS operates by force. They have banned competition on courier service. This and tax dollars subsidize the gap on parcel service. Amazon is the biggest beneficiary of this use of force. You should have a problem with it. It's market distortion. There are winners and losers, regardless if it's available to everyone.
 
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#141
#141
n_huffhines said:
You're essentially saying the president can't talk about business.

The USPS operates by force. They have banned competition on courier service. This and tax dollars subsidize the gap on parcel service. Amazon is the biggest beneficiary of this use of force. You should have a problem with it. It's market distortion. There are winners and losers, regardless if it's available to everyone.
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Get the .gov out of the USPS and I think it would probably do well. They are as hamstrung by the .gov as they are strongarming the competition. The USPS is really in a no win position
 
#143
#143
golfballs said:
Of the pollsters doing approval ratings, they were the most accurate in the last election.

Also, they poll likely voters. Most other ones do registered voters or everyone.
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I was just seeking clarity. Rasmussen has consistently had substantially higher approval ratings for Trump than any other polling service. Makes them suspect in my book. Unless you really think every other polling service is biased and Rasmussen is the only unbiased.
 
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#144
#144
lawgator1 said:
Anyone who thinks that Trump's attacks on Amazon are about the finances of the postal service or taxes paid by Amazon are absolutely delusional. He is simply viciously (and largely inaccurately) going after someone (Bezos) that he views as a political enemy.

He has and will continue to do this -- uses the tools of government for ill-advised and often false or misleading attacks on personal or political rivals.
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Twitter is a tool of government?

Interesting take.
 
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#145
#145
n_huffhines said:
You're essentially saying the president can't talk about business.

The USPS operates by force. They have banned competition on courier service. This and tax dollars subsidize the gap on parcel service. Amazon is the biggest beneficiary of this use of force. You should have a problem with it. It's market distortion. There are winners and losers, regardless if it's available to everyone.
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No, what I'm saying is that the president shouldn't single out a private business to attack, ever. It becomes even more egregious of an abuse when no laws have been broken. Especially when the intent is to cause harm, which he's done with clear vindiction.

My political lean on the USPS 'right to exist' is a different argument all together (they shouldn't). In this argument and in reality, they do. I can't inception my way down through more than two layers of outrage at a time.
 
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#146
#146
Septic said:
No, what I'm saying is that the president shouldn't single out a private business to attack, ever. It becomes even more egregious of an abuse when no laws have been broken. Especially when the intent is to cause harm, which he's done with clear vindiction.

My political lean on the USPS 'right to exist' is a different argument all together (they shouldn't). In this argument and in reality, they do. I can't inception my way down through more than two layers of outrage at a time.
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What laws were broken when political leaders tweet or comment about banning guns or imposing more regulations on drug companies?
 
#147
#147
Septic said:
If you think that trump calling this a SCAM is defensible then I'm all ears. The biggest irony is that he's the last guy in the world that should be criticizing ways to "get over" (as he alleges) on the government. He's made a career of it.
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This nails it :good!:

Trump has no f'ing clue as to what his role is as POTUS. We've already lost count as to the number of times he's spoken completely out of turn. Of course this appeals to a certain demographic of conservatives who like his boasting and big talk. It's what got him elected
 
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#149
#149
So even after the shellacking in the market over the last week Amazon PnE is at 223?😳

Does that make sense in general investing principles? I knew it was higher than average but holy hell!!

700B market cap (start of last week) and 223 PnE. Wow...

Edit: my bad. Today it’s 663B market cap and 299 PnE. I repeat...😳😳😳
 
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