Monday, June 03, 2013

De-Postal Monopoly: Feinstein’s Sweetheart’s Deal

Tea Party Economist reports on Diane Feinstein's husband:
Fact #1: Senator Diane Feinstein is married to the CEO of the largest commercial real estate services firm in the U.S. Fact #2: The U.S. Postal Service is going bust, because it can no longer compete. It has a monopoly, but it’s market is shrinking. Fact #3: The U.S.P.S. is selling off 41 post offices and 11 other properties. Always before, it hired multiple firms to do this. That made sense. Real estate is local. Fact #4: It has over 500 more properties scheduled for sale. Fact #5: This time, the U.S.P.S. awarded an exclusive contract to one firm to unload these post offices. Fact #6: Amazing as it may seem, Feinstein’s husband’s firm got the contract.
No wonder Diane Feinstein is for big, activist government: it puts money in her pocket.