Skip to comments.Union: 'Bain-style' killing of Twinkie (Romney's fault)
Posted on 11/16/2012 10:35:11 AM PST by Free ThinkerNY
The Bain attack is back.
This time its being used against Hostess Brands, the Twinkies and Wonder Bread maker that announced Friday it was closing. AFL-CIO President Richard Trumka drew the comparison in a public statement Friday.
Whats happening with Hostess Brands is a microcosm of whats wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor, Trumka said in a public statement. Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.
Earlier Friday, Hostess Brands announced that it would be closing, which the company said was precipitated by a workers strike.
Trumkas comparing Hostess to Brain comes after an election in which former GOP presidential nominee Mitt Romney was criticized for co-founding Bain Capital.
(Excerpt) Read more at politico.com ...
AFL-CIO President Richard Trumka still has a do nothing job and the workers are without a job.
Lets see if we can guess which ones are the dummies.
BTW, I believe that once a company goes into bankruptcy all contracts become null and void, like the union contract.
That means that the union can buy the company, and in order make it profitable they would have to hire hire non union workers. That’s the solution.(SARC)
Every time I see his picture or watch video of him, I mentally overdub the sound of flatulence as his mouth moves.
...so to speak...
"I still get paid my 6 figure salary, right?"
per Zero Hedge:
"And here comes the Hostess twist: because Tim Collins of Ripplewood [Ripplewood holdings, injecting $130 million in order to obtain equity control of Hostess as it was emerging last time], was a prominent Democrat, a position which allowed him to get involved in the first bankruptcy process in the first place, due to his proximity with the Teamsters' long-term heartthrob Dick Gephardt (whose consulting group just happens to also be an equity owner of Hostess).
Ping to Post #22
Obama probably wanted to bail out Hostess but then Michelle would make him sleep on the couch for the rest of his term.
Maybe B’raq can nationalize Hostess, and since the government is filled with Twinkies there will never be a shortage.
A “One Percenter” hustling the dopes with class warfare rhetoric. Michael Moore, but with a better tailor.
Actually - DEMOCRATS had the investment in Hostess. BWAhahaha
Really FR?! You took down my post with a pic of Trumka? wow......
Would love to see some details here. How much were the employees making? How many were collecting pensions? What were their “concessions?” What were the company’s profits & costs like?
Very poorly reported story here. Sadly, it’s just accepted that these things don’t really matter.
(And, no, I wasn’t expecting otherwise....)
AP images cannot be posted due to copyright complaint.