retail news in context, analysis with attitude

The Wall Street Journal reports this morning that “the U.S. Postal Service and 15 U.S. senators struck a deal Tuesday to delay any post-office closures until May 15, 2012, halting for now the possible shutting of thousands of locations.”

The USPS has been considering radical measures to close a multi million dollar budget gap. The senators said that the extension will give Congress time to consider and pass comprehensive reform that will put the USPS on a more competitive footing.
KC's View:
The story says that “Sen. Dick Durbin (D., Ill.), the number-two Democrat in the Senate, said postal legislation will be a top priority of Congress early next year.”

I would have two observations about this.

One is that there are a lot of top priorities in the Congress, and none of them get acted upon. Hard to imagine that postal reform is going to break through partisan gridlock, especially in an election year.

Two, I have absolutely no confidence that hundreds of politicians have either the will or the ability to really fix an obsolete system.