Read time: 1 minute

Fox Business Pundit: Trump Clueless About Amazon Deal With USPS

Peter Morici, a Stuart Varney favorite blasts Trump over his ignorant tweet about the US post office and Amazon.

Fox Business' Peter Morici tried to spread a dose of reality to Stuart Varney's viewers this morning when he told them that the delivery deal between Amazon and US post office has kept them solvent and not hurt the company.

Earlier today, because of a personal vendetta against Jeff Bezos, Donald Trump tweeted this out.

Varney said, "The president's gone after amazon again," and he read off the tweet.

He asked, "Peter, when the president attacks you, your stock goes down, but do you think Amazon's in trouble?"

Morici replied, "No. i don't think Amazon's in trouble. i think it's on sound footing. the bottom line is the Post Office has to deliver six days a week to every address in America. That is a losing money proposition. by carrying packages for Amazon, UPS, FedEx, whatever, it basically reduces those losses and that's a good thing."

"If it wasn't for Amazon and the others, the Post Office losses would be mammoth and the taxpayers would have to bail it out," he said. (Ed. Note: This isn't right either. Rates would rise, because the US Postal Service isn't allowed to lose money and wouldn't be losing money if it weren't for the ridiculous constraints Congress places on their pension funding requirements)

Did you hear that, Donald? The Amazon deal is saving the US Post Office by helping to offset its losses. Only a fool would think otherwise.

Fox Business analysts are usually cheerleaders for every economic policy Trump pukes out there so this is a particularly harsh rebuke of his idiocy.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $21 for 2021? Please consider a one-time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage


New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team