I’ve read that some Mexican billionaire is looking into buying Hostess.
From what I’ve read, the unions actually think they’ll be able to get their sweetheart deals from the Mexican. I think they’ll be unpleasantly surprised... the majority of Americans won’t care if Hostess cakes are baked in Mexico, where the company won’t have to keep borrowing to keep up with sweetheart pension and benefits packages. Which is what will happen if the Mexican billionaire does buy the company and moves operations to avoid the unions.
Typical liberals. They have no understanding of economics, and truly believe that companies can just produce money on demand. With all of their striking, they just can’t force blood out of turnips...
ZeroHedge thinks the union was betting on a GM style bailout but the timing (after the election) screwed them: