I’ve been on record as opposing federal bailouts of failing businesses because they waste taxpayer money, reward businesses that are poorly run, and because they are well outside the proper role of our constitutionally limited government. So when FedEx claimed that UPS was seeking a government bailout, I was prepared to jump all over another wasteful government program. But after I looked into FedEx’s claims, I realized that FedEx was not telling the truth. UPS was not seeking any taxpayer funds — only modest regulatory reform that would insure equal treatment of both companies.
Interestingly, I also learned that FedEx lobbied hard for federal assistance funds after 9-11, something UPS did not do. So in addition to being dishonest, FedEx is also hypocritical. Read more