November 16, 2012

Hostess - the union's response

From Politico:
Union: 'Bain-style' killing of Twinkie
The Bain attack is back.

This time it’s 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.

“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,” Trumka said in a public statement. “Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.”
What else is this ass-hat going to say -- is he going to be honest and say that the unions ratcheted the cost of employment so high that it bankrupted the company? That he put the union's support behind a President who is profoundly bad for business? That he doesn't really care for the workers, he only cares about consolidating his power? Posted by DaveH at November 16, 2012 5:29 PM
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