Can anyone find anything wrong with his proposal? There are a lot of policies that I can see how we are all super divided on but this one seems pretty common sense. The post office becomes solvent and Americans who use cash loan and other shady lending services get a big win. Over time the number of services the post office offered could increase til we have government run banks/Post Offices big enough to take some of the sting out of the next big banking collapse.
I also think it is an amazingly brilliant idea because it helps address the growing issue of financial fraud. My wife and I have always stayed with credit unions hating the big banks stupid fees and it morally felt the civic minded thing to do. However in recent years we have had issues several times with the credit union itself being hacked and our data being stolen. Right now today we have no access to our card or account thanks to this issue raising its ugly head again. I would feel soooooo much more comfortable banking with the goverment/post office then I would any bank or credit union.
So, what are the down sides you guys are seeing? Personally I think it has to be one of the most sensible ideas of this campaign and should be fairly non controversial.....should be