Hey Joe, Fire Ron Bloom! Save the United States Postal Service!
Who’s Ron Bloom? Turns out he’s a corrupt individual who previously worked in the Obama Administration.
Ron A. Bloom was nominated to the Postal Service Board of Governors by President Donald Trump, confirmed by the Senate and began his service Aug. 20, 2019. Bloom served the remainder of a seven-year term that expired Dec. 8, 2020, and is currently in a holdover year. He was unanimously elected by his fellow Governors on Feb. 9, 2021, to serve as the 24th Chairman of the Board of Governors.
Since 2016, Bloom has been a Vice Chairman and Managing Partner at Brookfield Asset Management, with a focus on helping the firm invest and manage its $50 billion Private Equity Group. As part of his work at Brookfield, he serves on the Board of Directors of Westinghouse Electric Company and Clarios.
From 2009 to 2011, Bloom served the Obama Administration, first as a senior advisor to the Secretary of the Treasury helping to lead the U.S. auto industry restructuring following the 2008 recession. After the restructuring, he led the Treasury’s Oversight of GM and Chrysler, including GM’s Initial Public Offering — at the time the largest IPO in U.S. history. In 2011, President Obama appointed Bloom to serve as Assistant to the President on Manufacturing Policy. He provided leadership on policy development and strategic planning for the Administration’s agenda to revitalize the manufacturing sector. Louis DeJoy bought $300k in bonds from USPS Board of Governors Chair Ron Bloom’s investment firm, and Bloom has repeatedly backed Louis DeJoy’s attacks on the USPS.
Louis DeJoy bought $300k in bonds from USPS Board of Governors Chair Ron Bloom’s investment firm, and Bloom has repeatedly backed Louis DeJoy’s attacks on the USPS.
Biden shouldn’t reappoint Bloom this December.
— Citizens for Ethics (@CREWcrew) November 4, 2021
The $300K in bonds CREW is referencing isn’t the first.
Reading Ron Bloom’s wiki page seems at first impressive, but as you continue the red flags start popping up, often. Wilbur Ross described him as; “I found him first of all very, very pragmatic, not overly ideological,” and “a very, very good negotiator.” Pragmatism generally isn’t a bad word unless it means you can be easily persuaded to come around to a particular point of view, that being the person you’re supposed to be negotiating. Rather than fire Louis DeJoy it appears Ron Bloom has been pragmatic about it and violated good ethical behavior by using his position to profit his investment firm and leaving Louis DeJoy in place.
During DeJoy’s tenure as Postmaster General his actions his actions are diametrically opposite of recommendation Bloom made to the National Association of Letter Carriers (NALC).
“On October 16, 2011, The New York Times reported, “the National Association of Letter Carriers announced that it had hired Mr. Bloom and Lazard, the financial advisory and asset management firm, to develop a strategy to revitalize the deficit-laden [U.S.] postal service”, currently facing a deficit of nearly $10 billion.[32] The union hired Mr. Bloom to help expand and explore possible solutions needed to address the service’s immediate fiscal crisis as well as a range of long-term business strategies. The national president of the union, Fredric V. Rolando, commented about Bloom and Lazard: “They have experience in analyzing large, financially complex institutions and crafting creative solutions.”[33]
A January 22, 2013 article in Esquire noted that Bloom recommended against weakening the network by slowing down the mail and cutting Saturday service.[34] During Bloom’s representation of the NALC at Lazard, the firm published a white paper recommending ways the USPS could grow its parcel services and stimulate new business by increasing delivery of packages ordered online.[35] The white paper also noted, “a successful restructuring of the Postal Service must start with a plan to better leverage its unrivaled last-mile delivery network — a retail network that touches every city, town and neighborhood in America. Instead of focusing on shrinking its network and capabilities, thereby yielding its competitive advantage, the Postal Service needs an ambitious rethinking of its business model.”
What changed? Pragmatism. Louis Dejoy and pragmatism.
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