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Transcripts For CSPAN3 Key Capitol Hill Hearings 20150326

What result is and, clearly, what were looking at is something that is the an tistithesis of what you can see would truly exist within a competitive environment. I think its time, thank you. And this is a complicated issue. I think its time to open it up to the audience. Yes, sir . Right here. Theres a microphone . Yes, there is a microphone. The thing i learned about running an Organization Even though it was a notforprofit i was the ceo oval,f, we needed revenue. The revenue seems to be the heart of the problem. We talk about businesses. I dont know of any business that restricts its price increases to how through some other criteria other than what the market would bare. The market would bare these lower prices, they lower the prices. If the market could bare higher prices, they raised the price. I think the biggest problem, one of the big problems was the new Regulatory Regime in the post office. And congress has limit to an external inflation as the limit on how much that you can

Transcripts For CSPAN3 Key Capitol Hill Hearings 20150326

But just think about the example of delivering a package at the same time youre delivering the mail. The incremental cost of delivering that package given that you already have these enormous economies of scale and scope based on the monopoly product. We would be very uncomfortable if we said that the military could provide could have a private business for private security forces. I dont see any difference. Frankly. Second you know, the kirby. The activities of this Government Agency in the private market to postal product. We heard from our friends proposals for a whole line of new products. This would only compound the problem. The notion that the Postal Service, as the expertise to handle backnking services and financial services. To me, this is, you know, in the 1970s, the Oil Companies had a lot of money because oil prices had skyrocketed. They said we are all going to become conglomerates. And they started buying businesses, they had nothing to do with the oil business. And ten

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