Published: Friday, Nov. 16 2012 4:55 p.m. MST
I'm surprised that we haven't deemed Hostess (and Twinkies, in
particular) 'too big to fail.' Why not give Hostess a bailout and
save those union jobs?Whatever the poor management decisions,
whatever you think about 'vulture capitalism', the fact is that if
those employees had come back to work when they were told to, they would have
jobs today. Companies aren't in business to create jobs. They
are in business to make money. This is a simple principle. The Union seemed to
forget it. I have not heard good things about the management of Hostess over
the years, but the union shot itself in the foot here.
Just so I am clear, the workers (lets leave unions out of this for a minute)
have already taken a 30% cut in compensation, and they are being asked to take
another 8% cut in compensation while at the same time the upper management is
seeing an increase in their salaries from 30-50% and it is the greedy workers,
that are killing this company? Very interesting concept. I really
doubt that the ownership and management at Hostess are doing anything but
cheering, because now they can move their operations offshore and pay next to
nothing to their workers. Why is the American worker who wants to make a living
wage "the problem" and the union that tries to protect that worker the
problem and the CEO's and venture capitalists who take every dime they can
out of a company for themselves and then move it offshore are the heroes.
Doesn't make sense to me.I am all for paying CEO's great
salaries if they produce, but the new trend to pay the CEO's high six and
seven figure salaries and bonuses while asking the line worker to take huge cuts
is simply wrong.
It's very sad that people were striking had to lose their jobs!!!!! Having
said that, wouldn't it be hilarious is Hostess sold the Ding Dong brand to
Our family had a similar experience. We found employment in another state. It
turned out to be a positive move for us. Fortunately, we had food storage and
savings to live off of for eight months. Our children refused to drink the
powdered milk, so I made yogurt and added jam to it. We had less to move with
all the food storage we used up.
"Another example of union parasites devouring their host! There will be many
more, unless Obama bails out the unions as he did in the UAW bailout!"Mountainman, lets stop back from the edge of silly rhetoric and look at
these two scenarios. Had Americans heavy manufacturing capability been lost to
the level it would have been with the loss of Chrysler and GM, it frankly would
have posed a national security issue. We still have to keep capability to
mobilize should the need arise. We must maintain a heavy manufacturing base in
this country. If you really thought it was about unions, you have been
listening to an overly simplified view of the world.Now Hostess,
while a wonderful company and some delicious products, provides nothing to our
national security....unless you want to toss ho-hos 0r cupcakes at your enemy.
I do believe the unions was being unrealistic here. These owners
were in this to cash the company out.... rebuilding was never really on the
table. The union played their hand poorly.... and they lost in a high stakes
Only ones that win in this are the union bosses who you can be sure are still
drawing their union paychecks from union dues.Would be wonderful if
the employees were to buy the company. They probably know how to run it right.
Don't bail them out. bailouts hurt things, they don't help things. I
will miss the fruit pies.
Unions once served a purpose long, long ago. Now they are more a cancer eating
away at a companies very existence. They absolutely serve no purpose now days.
oneoldman, yeah, keep on repeating vulture capitalist vulture capitalist. Blame
Romney, blame Bush. Unions are good, fair honest organizations only trying to
help us all have better lives.Unions refused to re negotiate with lower
pay and cutting benefits just like the rest of us has had to endure the past
2+years.So instead, they all lose jobs. And not just one area. It will
affect every state in the country.Well done Obama/unions/entitled
AZ Rods -- such foolishness. You're telling us workers on the production
line should accept lower pay while at the same time those at the top are
increasing their pay to astronomical levels?Just wait, buddy.
They'll be coming for you too someday.
Too bad Hostess' initials weren't GM.I guess you
don't qualify to be bailed out if the government feels you're
contributing to obesity in America.
Good ol' unions. They did it again. Of course, they refuse to take
responsibility for it just as always.
Consider that a business operation only exists because of the need, opportunity
and permission of society. Consider also that the creation of a
business operation requires the investment from many sources such as the
community, and the governments all the way up to the national just for the
opportunity. Then there are the workers who will invest time from
their lives at a lower cost than it is worth. Much of the profits will come
from the selling of the employees labor at a greater cost than it’s
purchase price. then there are the consumers who will invest their
money and in fact supply all the funds to pay for labor, materials, buildings,
machines and even the profit itself. Then there are the other
business operations that provide the raw materials and such. Then
there is the businessmen and their investment of some of their surplus money.So when a business closes, most of the investors lose, their welfare,
their time and perhaps their future. The businessmen may lose some of their
money, but their only loss may be some future profits.
This hurts a lot in the short term. The long term is a defferent story however.
Orher bakeries will now have to produce more and it will take people to do the
For everyone bashing the GM bailout decision, I have a question: What kind of
car do you drive? If it's not a GM or Chrysler brand car, you have no room
to complain because you were part of the problem, not part of the solution. All
GM needed was Americans to BUY American cars and the Feds wouldn't have
needed to step in with everyone's tax dollars. We as consumers have the
choice and while many of us actually purchased new GM vehicles, not enough folks
did. So blame yourselves!!The cash-for-clunkers program
should have been limited to American cars and then we wouldn't have sent
tens of millions of dollars to Japan out of our economy. A close relative used
the program to buy a Chevrolet. What did you buy if you used it?Again, blame yourselves!!
It sounds like the "Ding Dongs" that ran Hostess tried the "Twinkie
defense" with the unions, and got "snowballed"...
@SLC gal... I like it.... well done.@Az"Unions
refused to re negotiate with lower pay and cutting benefits just like the rest
of us has had to endure the past 2+years."Ok, here goes a first
for me.... ROFL. Never have typed that before, but it is just too appropriate
in this case. Lets try using some facts here and look at average us hourly wage
for the last few years adjust for inflation - just to make things fair.October 2012 - $16.71October 2011 - $16.88October 2010 - $17.18October 2009 - $16.98October 2008 - $16.47October 2007 - $16.45October 2006 - $16.40October 2005 - $15.98October 2004 - $16.18You get the idea. So if you took a hair cute in pay, it wasn't
because the nation was doing the same thing. In fact, in non-inlfation adjusted
numbers the average hourly wage has gone from the last year of Bush being at
$18.27 an hour in 2008 to $19.79 an hour this month.So baring some
kind of new math.... wages are up. Net worth is another issue... different
re:UtahBlueDevilThis is just getting started blue devil. Wait until
the Obama tax increases hit small business and the Obamacare mandates kick in as
well. I wouldn't be surprised to see 15% unemployment after 4 years. As far
as rich guys taking their money and leaving - you are EXACTLY correct!! Rick
guys and gals didn't get that way by being stupid and they aren't
going to set around and watch their company profits get eaten alive by an 800 lb
porker federal government and their union bosses. These rich guys that you hate
so much could care less - they will make their money elsewhere and they will
employ alot of people elsewhere as well. The losers - US!!!! Remember this -
elections do have consequences. The only meaning 'FORWARD' will have
is over the edge of the fiscal cliff!
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