Saturday, November 17, 2012
Mitt Romney Killed Twinkie: The Great Union Lie
Now I am no fan of Mitt Romney, but seriously? Union bosses are now blaming the death of Twinkie the Kid on Mitt Romney.
Never mind the greedy union took and took from the bakery as much as they could even in bankruptcy to the point the company had no place to go but out of business.Never mind the Obama administration launched a war against the Twinkie and other junk food. The union is blaming failed presidential candidate Mitt Romney.
“What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor,” Richard Trumka said in a public statement. “Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.”
Here's what Trumka isn't telling you. Hostess gave the union bosses an opportunity to fix the company offering them 25% ownership in the company.
The offer to the BCTGM ( the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union) included wage, benefit and work rule concessions but also gave Hostess Brands’ 12 unions a 25 percent ownership stake in the company, representation on its Board of Directors and $100 million in reorganized Hostess Brands’ debt.
If Richard Trumka truly believed crony capitalism killed Hostess, then why isn't he and his union mob buddies taking the reigns of Hostess to save it from the crony capitalists they claimed killed it. Because deep down inside they know the union raided this company until it was broke just like it did with General Motors.
Posted by
Bungalow Bill
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