Home News Featured News A dose of Amazon tirade pushed Trump's ratings down

A dose of Amazon tirade pushed Trump’s ratings down




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President Donald Trump’s rating fell back under 50% to 47% on April 6 according to Rasmussen Report on Trump’s rating index.

Perhaps the ratings went down due to the Amazon-bashing by the President this week.

But it did not dampen Amazon’s bid to invest $5 billion in an American city, which kept many cities scrambling for the manna.

Trump attacked Amazon in speeches and on Twitter.

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However, no city’s aspirations were dampened by the president’s views on Amazon as a taxpayer, a U.S. Postal Service customer or retail industry disruptor, said Barons.

Put another way, none of the top 20 cities that Amazon identified in January for its second headquarters bowed out of the running.

Amazon has promised $5 billion investment in a local economy is still the hot prospect it was back in the fall when the mad scramble began, wrote Dallas News.

Furthermore, Maryland’s House of Delegates gave its final approval last week to a $5.6 billion package of tax breaks and incentives to bring Amazon’s second headquarters to Montgomery County.

Nevertheless, Trump claimed the post office is losing billions because of Amazon.

But it is a lot more complicated than that said CNBC.
Trump actually the company via Twitter five times in the last week. But he got it all wrong on Amazon.
First of all, he said the U.S. Postal Service is losing money thanks to Amazon and that this is costing tax-payers millions of dollars.

Well, it turns out the U.S. Postal Services is not funded by U.S. tax dollars.
In fact, Amazon may be saving the post office from financial ruin, said CNBC.

The post office revenue breakdown shows that shipping and packages are actually one of the few categories that brought in more money than the previous year.

On the other hand, overall revenue fell $1.8 billion, shipping and packages saw a $2.1 billion increase in revenue.

Meanwhile, first-class mail revenue was down around $1.8 billion and Amazon has little to do with the decline of first-class mail revenue.

It is, however, one of the biggest contributors to the post office rise in shipping and packages revenue.

But that is not how the Trump’s administration calculates profit and loss, it seems.

Send in your scoop to news@theindependent.sg 

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