The Post Office does not do as well as private companies, even with the extra protection it receives form the government.
From Gus Van Horn:
[T]he post office is a government-protected monopoly; 19th century laws make it illegal for anyone else to deliver letters. It's also exempt from state and federal taxes and free from most government regulations.
President Obama (1:13) "There is nothing inevitable about this somehow destroying the market place as long as...its not set up where the government [the public option?] is basically being subsidized by the taxpayers even if they are not providing a good deal, we keep having to pony out more and more money"
Medicare has essentially eliminated the market for private insurance for Seniors and is posed to bankrupt the US government.
No government-run medical system has ever existed that has NOT required more and more money.
Claiming that a public option will not destroy private options and will not require ever-increasing taxpayer support, goes against both economic theory and real-world experience.
Is President Obama ignorant or disingenuous?