Waste $3 Billion for Mail or $86 Billion for ACORN?

The United States Postal Service is still in the red. The quasi-governmental agency Thursday delivered a $3.5 billion loss in its fiscal third quarter, driven down by reduced mail volume and generous retiree health and benefit costs. USPS said it lost $1.1 billion more than it did in the same quarter a year ago, and warned it could run out of cash in next year unless relief sought from Congress is approved. But compare that to Fannie Mae (FRE), ACORN's & Barney Frank's darling government backed bank that gives money to high risk seekers of home mortgages (especially minorities and poor with no credit or a bad credit history). The mortgage-giant has requested another $1.5 billion in federal aid after reporting a $1.2 billion loss in the second quarter. The additional funds would raise the total assistance to Fannie Mae to $86.1 billion, the company said in its earnings report. That $86 billion also inflated, then popped the housing bubble, causing the worst recession since the Great Depression.

The postal service helps the economy by increasing national and international commerce. Fannie Mae helped cause the recession by recklessly placing political correctness over common business sense (with taxpayer's money). Which do think this Congress will continue to subsidize the most?

See Chick's THE MAD MACHINE.