Thread by @ritholtz

Postmaster General Louis DeJoy tried to screw up the election, he managed to screw up Christmas instead.

washingtonpost.com/business/2020/…

"Competing crises are slamming the USPS just days before Christmas, imperiling delivery of millions of packages, as the agency contends with spiking coronavirus cases in its workforce, unprecedented volumes of e-commerce orders + continuing fallout from cost-cutting program"

As a reminder, the entire USPS is the creation of Congress:

ritholtz.com/2020/04/usps-l…

Postal Accountability & Enhancement Act of 2006 (PAEA), which has been called “the most insane law” ever passed by Congress. It requires USPS to prefund its retirees’ health benefits up to the year 2056

roanoke.com/news/dan_casey…

The Manufactured “Financial Crisis” of the U.S. Postal Service was created by privitization fetishists and Postal Service competitors

workers.org/2013/08/10387/

Remember, the USPS receives no taxpayer subsidies, even as it is delineated in the US Constitution.

"Article 1, Section 8 says that [The Congress shall have the power] to establish Post Offices and Post Roads"

constitution.congress.gov/browse/article…

I hope the new administration fires DeJoy and repeals the Postal Accountability and Enhancement Act of 2006 (PAEA).

Americans deserve a robust, reliable and secure Postal mail delivery service. It is one of the lessons of 2020.

One of the comments referenced prosecuting DeJoy. I have no opinion on that.

I would prefer to see the Department of Justice be independent & depoliticized. That said, they should always investigate crime if suspected + aggressively prosecute when they find evidence of it.