Skip to comments.The United States of Twinkies
Posted on 11/21/2012 6:44:08 AM PST by morethanright
By Mr. Curmudgeon:
Nothing in my youth was more ubiquitous than Wonder Bread, Twinkies and the Hostess chocolate cupcake with its signature white frosting swirl on top. These cultural icons will soon go the way of the Dodo Bird thanks to Americas' contracting economy and union entitlements. According to the Teamsters Union, which represents 6,700 Hostess workers, the company demanded a 30% cut in worker's wages and benefits. The union responded by telling their members to strike.
"... We do not have the financial resources to weather an extended nationwide strike," said Hostess Chief Executive Gregory Rayburn in a statement released to the press. According to the Los Angeles Times, Hostess filed for bankruptcy in White Plains, N.Y., asking the court "to allow the company to shut down and sell its assets."
When Hostess goes belly up, 18,500 employees will join the ranks of the unemployed ... thanks to a failed attempt by unions to save the unsustainable. You can't redistribute corporate wealth when said corporation has none.
Nobel Prize-winning economist Milton Friedman once said, "The unions might be good for the people who are in the unions, but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them."
A New York Times photo showed a striking Hostess employee holding a sign, "Wall Street Greed is Killing Us," it said. Last spring, the private equity firm Sun Capital offered to step in and help the company reorganize, but the Teamsters refused because the plan altered the existing union pension plan.
"There's a box of Twinkies in that grocery store," says the character Tallahassee (Woody Harrelson) in the movie Zombieland, "Not just any box of Twinkies - the last box of Twinkies that anyone will enjoy in the whole universe. Believe it or not, Twinkies have an expiration date. Someday very soon, Life's little Twinkies gauge is gonna go ... empty."
Hostess, which gave us Wonder Bread and Twinkies, is a lot like the United States of America: It produced life-sustaining bread and tasty treats once upon a time. But all that was undone by an unsustainable "social safety net." Last November, Americans - like the Teamsters membership - voted to preserve a Ponzi scheme at the expense of their future.
... What a bunch of Twinkies.
Article shared using the Free Republish tool on Tea Party Tribune.
Interesting posting history you have there:
Any thoughts on that?
I haven’t had a Hostess product in fifty years nor wanted one. If they can’t make a go of it, sell the assets or go under, let the system work. The thing of greatest value is the object lesson of union entitlement. Instead of a 30% pay cut, the workers got a 100% pay cut. That makes sense to a unionist.
In our house we were more enamored of Dolly Madison Zingers. At least until my mom got on a health kick in the early 70’s.
From 0 Hedge web site: “Doug Mansky, a Hostess driver in Detroit and a member of the International Brotherhood of Teamsters, was in the process of moving to a cheaper condominium on Tuesday, after his union had agreed to an 8% pay cut that he said would shave $200 a week from his income”. Doing the math, a pay cut of 8% would mean going from $130,000 per week to $119,000 per week. With his driving skills he should have no problem getting another 6 figure job. I wonder how many of the 18,500 former Hostess employees were Obama voters?
I like snacks, potato chips etc, but as an adult I am abhorred over the pricing of bags of 1.5ozor so at outrageous prices. Consequently I dont’ bite, I pass, unless I buy in larger bulk sizes. I could never understand this pricing, but now I do...Unions Solely!