David Dayen, one of my fellow postal banking pushers has this story in The New Republic about the lack of nominations by the Obama administration to the Post Office’s Board of Governors.
Here’s where Obama deserves criticism: There are five vacancies on the nine-member board. He has not successfully placed a single appointee on it during his entire tenure in office. The four existing members were all appointed by George W. Bush.
Really? C’mon man!
In effect, you have a Republican majority controlling an executive agency under a Democratic president, which happens to be the country’s second-largest civilian employer, behind Walmart. The loss of over 125,000 postal jobs has had a detrimental effect on employment, and the resistance to ideas like postal banking prevents low-wage communities from an alternative to payday lenders, check-cashing stores and other unscrupulous operators. Yet the White House has shown no urgency in reversing the conservative governing ideology at the Postal Service. If nothing else, there’s an economic imperative for the White House to act. They claim to want to reduce inequality through executive action. Postal banking is a major opportunity to do so.