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 ...
That’s how communists talk. And some people still say that communism is dead.
Seriously, Barry wouldn't mind that.
This is hilarious. During his first term, Obama blamed Bush. Now during his second, he’s going to blame Romney.
That’s rich. Trumka blaming Romney when it was the union that brought the company down.
Just one giant problem with their argument: Tim Collins, who runs Ripplewood Holdings, who grasped majority control of the company when it emerged from its first bankruptcy in 2009, is a HUGE Demonrat financier. He and his appointed board are the ones who made this decision. It wasn’t an evil Republican!
Yes, there are one or two Demonrats who understand basic accounting. Heck, even the Teamsters hired an independent accountant to review the books and came back saying “we better take the deal or there will be nothing to have”. Unfortunately, they couldn’t persuade the BTC to see it the same way. 5000 striking baker killed 18,500 jobs - and the ripple effects on suppliers could be ENORMOUS and affect upward of 50k.
Perfect Riflema, another failed Democrat investment.
Correction: “You’re doing a helluva job, Dickie....”
Organized labor is dead. No one has told the leadership yet but it’s reality. “Lunch bucket” “hardhat” blue collar whites are the least significant part of the Democratic coalition. The Dems keep stringing them along in order to get their campaign cash but labor gets little in return. If they had any power, the ballot initiative in Michigan wouldn’t have failed. The reality is that the Democratic party is the party of youths and minorities.
Must read all the way to the second to last paragraph for the first mention of the strike which “actually” lead to the the declaration of bankruptcy, as promised, BTW.
And as is in this case it is the Unions rank and file that will suffer.
Sure no one ever wants to do the same work for less money than they have been accustom to but it is better than being on the street looking for a job at a time when jobs are particularly hard to find.
Would I have been pushing it to caption that photo:
“Trumka is Obama’s cream-filled Twinkie”?
“And here comes the Hostess twist: because Tim Collins of Ripplewood, 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)” http://www.zerohedge.com/news/2012-11-16/hostess-liquidation-curious-cast-characters-twinkie-tumbles
He looks like he is really going to miss all those Twinkies.
You can’t make money if you’re not selling anything. Especially so in the case of a bankrupt company. The owners don’t gain.
Sorry, Little Dick (in all senses), this was a killing perpetrated by the union, pure and simple.
Could be a position Obama favors with Reggie Love.....
Could be a position Obama favors with Reggie Love.....
I see no evidence of that.
Nobody, but nobody is seeing that the inevitable outcome of this is that the union will buy out the company, Michelle will take over as CEO with a $850K annual salary, “Twinkies” will henceforth be filled with creamed broccoli, and they will be renamed “Barackolees”. The name “Twinkies” will be retained by the current owners, but the last one off the production line will be bronzed and sold on ebay for $336,400. Plus shipping.
You heard it here first.
Ain’t life great?
A classic case of the union parasites killing the host.
I hope the each and every one of those union thugs enjoy the life of the unemployed and also enjoy having lots of friends come to visit and call them (bill collectors and repo agents).
What a wonderful Christmas present for these stupid, stupid people.
You cannot feel any remorse for anyone so stupid as to kill their source of income and then whine about it.
no it is because of Your GREED, you MARXIST THUG. you don't care about your workers, only the $$$ you get!!
Purple Lips and Sweetie, a ‘luv’ story.
I see an Alinsky type statement; if you are offended by my “BS” wording, I apologize...maybe you even agree with Trumpka.
I see no evidence to the contrary.
I was not dissing you. I just think that you are attributing more intelligence to the 51% than they possess. Most of them are still fooled.
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