Britain's taking the Royal Mail private by offering a $4.5 billion buck IPO underwritten by Goldman Sachs and UBS.
The Royal Mail is 300 years older and just as lumbering as the USPS founded by Ben Franklin. Royal Mail started going out in 1516 carrying love letters from Henry VIII and the Tudor court.
The Royal Mail, again like the USPS is the UK's largest employer. But unlike the USPS the Royal Mail is actually making a little profit. Unions oppose the sale, of course.
What is Obama's answer to the same problem Britain is about to solve? Pour more billions in debt and red ink down the shit-well un-affectionately called the Post Office. Remember, the USPS is also the largest employer for blacks and the largest union shop too.
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