8/5/09
The following news is no surprise to everyone in America:
(AP) The post office says it lost $2.4 billion from April to June.
That brings the year's losses so far to $4.7 billion. And the Postal Service expects to be $7 billion in the red when the fiscal year ends on Sept. 30. The stark figures come from a decline in mail volume as people rely more on e-mail, plus a dip in advertising mail because of the recession.
In an effort to reduce costs, the agency has proposed closing several hundred local post offices, has asked Congress for permission to reduce mail delivery to five days a week, and has reduced hours at many offices.
My comments: Well, I guess we will expect huge layoffs from Postal Office. Anyone like to guess how many postman will be out of job before 2010? 10,000, 20,000 or even 30,000 ? I do not see any recovery at my sight for our economy. Even no job growth in Federal government and they are coming about to layoff big time. Mr President: Where can we find the jobs you keep saying or stop eliminating?? Where,...I still do not see it. Do you see any, folks?!
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