USPS and the Economy

Could the Post Office save the economy?  Postal banking is an old idea that may be worth thinking about again. More poor people could get affordable banking services.  It would make the delivery of federal benefits to the poor more cost effective by cutting out the commercial banks that skim those dollars by charging fees for access to food stamps and unemployment benefits.  A protected savings method for the poor could be provided.  More banking could be provided to the immigrant population since many of them already use money order services provided by the Post Office.  Postal banking could lead the way in improving measures against identity fraud by rolling out more secure "chip-and-PIN" debit cards.  It could lead the way in establishing mobile phone banking services.  Established banks have been slow to do this because they see the lead-in costs as too expensive.  Postal banks wouldn't sell your personal information to advertisers like other banks do.  Recessions could be dealt with efficiently by putting stimulus money directly into the hands of consumers with a Federal Reserve ATM system.