Whatever possessed President Obama to mention the travails of the post office while discussing health care the other day, his timing was certainly apt. The Postal Service is headed toward a loss of $7 billion this year and another $7 billion in 2010. Naturally, Congress is planning another bailout rather than the kind of reform that would recognize how technology has transformed modern communications....
Here's a secret Washington doesn't want to admit: That 14 cent per letter cost hike after inflation over the past 60 years imposes a $20 billion a year toll on the U.S. economy....a $20 billion annual income transfer from businesses and households to the postal unions....![[1postal]](http://s.wsj.net/public/resources/images/ED-AK048_1posta_NS_20090821135621.gif)
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