Not sure. Which one are you?
Not sure. Which one are you?
We cannot deny, however, that the Dems pilloried Romney for being a part of Bain, even for things that happened after Romney left Bain. Yet, I doubt that any of the MSM will even mention that a Dem PE firm is behind Hostess' demise. Wonder if the union bosses are also in tune with the fact that their battle has been with fellow Dems?
Seems like the Dems have achieved the ultimate in class warfare when their own constituencies are battling each other. Maybe the powers that were running Hostess anticipated that the union constituency would ultimately win this battle, so paid off those executives in advance?
And who gets the fuzzy end of the lollypop? Not the union bosses. Not those executives. Not the PE company. It was the 18,000+ workers who will have no job now. Yup, I can clearly see how this administration will "grow the economy from the middle out." Nobody bothered to explain how that concept works ... but it sure made for a good sound bite.
the Democratic smear machine did a great job to villify Bain Capital, when they arent even in the Top Ten of Venture capital firms in the US.....but then firms like Warren Buffett's beloved Berkshire Hathaway gets a pass, same with Goldman Sachs who single handed controls more of the banking and stock manipulation here in the US..
I doubt the union or the union workers at Hostess care about the political affiliation of the persons at the head of the PE firm that acquired them, and I doubt the firm cared about the political affiliations of the workers. It was all about making money, and greed has no political affiliation.
The sad part is the workers will pay the ultimate price by losing their jobs. But, it’s hard to see how the Obama administration can be held accountable for the failure. Hostess/Interstate Bakeries was in financial trouble long before Obama came along. All those jobs were in jeopardy 8 years when Hostess filed for the 1st bankruptcy. Ten thousand jobs were lost as a result of that bankruptcy (was that the Bush administration’s fault?). Workers took wage and benefit concessions, and were forced into an ESOP. Poor management decisions are what led to the demise of Hostess, not the union. It’s not like workers were being compensated with an exorbitant salary or benefit package.
This is really not a political issue. It is a poor management issue. The company failed, and people lost their jobs. It is sad, but it had nothing to do with either political party.
Amid the commentary on Hostess's failure is the company's lack of innovation . The tried to stand pat on their product line and had not introduced new product line for years. They really missed the changes in the market place and that had more to do with their demise than anything. The company had management problems for years and it was only a matter of time before the company would go bankrupt a second time--union or no union.
I was chatting with our bread delivery guy about this the other day. He is an independant. Owns his truck and rout. Has a couple other brands on his truck other that the primary. Lots of bakery and drivers do this. If a truck is going to a store every morning, and has some empty space it just makes sence. Anyway, he was saying he could never add hostess cakes because of the union hostess workers used. The twinkies had to be on hostess trucks. The driver HAD to have a "puller" a second guy, not work alone. It is a Union lifestyle, my bread guys words. That is more than just the workers or the corperate bosses earnings. But how they have to do stuff. Instead of a lean and mean independant driver like my bread guy they, by the union they chose worked fat and happy. Again my bread guys words. And lean and mean beats fat and happy all week long and twice on Sundays! Just the way of the world.
There is also a local waste disposal company here that was started by a guy and his wife around 1960. In the beginning, he threw the garbage, and she drove the truck. His knees and back caused him a considerable amount of problems later in life. He had both knees replaced, and 2 back surgeries. He told me it was the result of lifting the cans and jumping on and off of the truck. Unfortunately for him, hospital workers dropped him after his 2nd back surgery while trying to move him from one bed to another. He is now a paraplegic.
Now, as an independent truck owner and business owner, like your delivery guy, are you willing to take more personal health risks for your own financial gain than you would be for financial gains going to the company or someone else?
Of course you would be. And the flip side. As a baker would you rather worry about trucks and maintenance and drivers, or just bake the best Twinkie you could? In this particular instance the product was legendary. The customer base was in place. The demand from the retailers was steady. You just needed to get the Twinkie from over to store shelf. Even the independent drivers are already in place. One would just have to open the kitchen door and ask, “Who wants to truck my Twinkie?” Independent drivers would win, the bakery would win, who is left out of the loop? Oh right, the union. And I am sure this delivery issue is just one of many that led to the Twinkie demise. One of many I am sure.