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Obamacare is Alive and the Twinkie is Dead

KCurtis 2012/11/17 12:08:47

One Union representing only a fraction of the 18500 employees would
not agree to an 8% pay reduction after the Hostess Company suffered
economic recovery from bankruptcy restructuring 3 times.

It's
obvious that the company had exhausted all options. Most of the
employees including the Drivers covered under the Teamsters Union agreed
to the reduction in order to keep their jobs.

The Bakers Union
refused. So RIP Twinkie and HoHo. The people who made you, the Bakers,
have killed you because their Union would not compromise. For the
members of this Union, good luck trying to find another job because
you're really going to need it, I don't think the Elves are hiring right
now.

Read More: http://www.followingjohngalt.org/obamacare-is-aliv...

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  • FAWKES' NOOSE ~ ΔTX 2012/11/17 13:41:38 (edited)
    FAWKES' NOOSE ~ ΔTX
    +6
    Lets tell the the Twinkie story using actual FACTS now....

    2003 - Hostess begins closing plants and some other units
    2004 - Hostess enters bankruptcy, and the union agrees to benefit cuts to save the company $110 million. The money is not reinvested in the company.
    2004 - 2009 Hostess closes 21 plants, lays off thousands of employees.
    2009 - Hostess emerges from bankruptcy, run by two hedge funds and a private equity firm, who add millions to the company's debt line.
    2011 - Management, continuing to market the same products, continues running the company into the ground, and demands concessions from the unions.
    2012 - Hostess enters bankruptcy again, stops paying into the employee pension fund as agreed to by them.

    As Hostess was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.

    What caused the Twinkie's problem again?

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Opinions

  • colton delaney 2012/11/20 01:31:32
    colton delaney
    +1
    Any union job going on strike these days will likely suffer the same fate. Unions arent needed any more, there are laws on the books to protect he american worker. I love the hostess and drakes products, we sell them in our business.
    now the mexicans will take the company over, and there wont be teamsters driving them.
    another American Icon screwed by the unions, think Obama will bailout the twinkies like he did the uaw?
  • cap3m 2012/11/18 03:32:01
    cap3m
    +1
    What the hell is wrong with people!
  • Frank 2012/11/17 23:41:19
    Frank
    +2
    Top executives got their piece of the pie, and then they go under, sounds like our Congress, Senators and President.....
  • SezMichael 2012/11/17 18:41:55
    SezMichael
    Atlas Munched
  • tncdel 2012/11/17 17:52:53
    tncdel
    +3
    And the Constitution is on life-support barely hanging on.
  • mac9 2012/11/17 17:50:04
    mac9
    +5
    You can thank Obama and the unions for the loss of jobs to come.
  • KCurtis mac9 2012/11/17 17:54:26
    KCurtis
    +2
    Obama Owns it!
  • Bear 2012/11/17 17:43:22
    Bear
    +1
    long live the Twinkie....bring home the troops to save the Twinkie.....the recipe still exists, it can't be too late...
  • frank 2012/11/17 17:27:33
    frank
    +2
    Another union throwing it members under the bus, I guess losing 100% of their wages was better than taking an 8% pay cut. I’m sure that the union is telling their members to Pay Their Union Dues
  • Giantfan 2012/11/17 16:57:56
    Giantfan
    Those things were bad for you anyway.
  • dave b 2012/11/17 16:24:36
    dave b
    +2
    They own it, dont they?
  • KCurtis dave b 2012/11/17 17:21:39
    KCurtis
    +1
    Yup they Own IT!
  • belle 2012/11/17 16:19:43
    belle
    +3
    Obamacare may be alive but we can't afford it. Looks like these unemployed union people wiil be paying the obamacare tax. to bad to sad. NOT
  • S and S 2012/11/17 16:09:21
  • mich52 2012/11/17 15:38:00
  • Lady Wh... mich52 2012/11/17 17:29:42
    Lady Whitewolf
    +1
    AGREED
  • mzemma 2012/11/17 15:13:20
    mzemma
    +1
    because of the 37 bad-for-you great for shelf-life ingredients in these artificial so called foods.. that we need Obamacare.... DO you have insurance.... or will my tax dollars have to bail your sorry ass out... no one gets turned away... and someone has to pay.. so like owning a car.. I believe everyone needs affordable health insurance... or the other alternative would be.. stop sending our tax dollars into large corporate head pockets.. and create a health care system like most of Europe has... "near free" because THEIR tax dollars actually go towards THEIR benefits of healthcare and education. yes, they pay about $5,000 per year... what do you pay over $50,000 and for what a prompted up "sales pitch" for THEIR profits.. oh you need this degree to get this job... and then when you graduate.. you are hundreds of thousands in debt and can't find a freaking job anyway...... the system is corrupt.. and extremely for-profit.. for profits of leaners, bankers, credit card companies... you name it... certainly not for your benefit... think about it.. and hope that things change in WAshington.. but it seems here we go again. the ass hole republicans want to spend the next four years.... fighting Obama and NOT working with HIM for the good of the people of the country..... but only ...
    because of the 37 bad-for-you great for shelf-life ingredients in these artificial so called foods.. that we need Obamacare.... DO you have insurance.... or will my tax dollars have to bail your sorry ass out... no one gets turned away... and someone has to pay.. so like owning a car.. I believe everyone needs affordable health insurance... or the other alternative would be.. stop sending our tax dollars into large corporate head pockets.. and create a health care system like most of Europe has... "near free" because THEIR tax dollars actually go towards THEIR benefits of healthcare and education. yes, they pay about $5,000 per year... what do you pay over $50,000 and for what a prompted up "sales pitch" for THEIR profits.. oh you need this degree to get this job... and then when you graduate.. you are hundreds of thousands in debt and can't find a freaking job anyway...... the system is corrupt.. and extremely for-profit.. for profits of leaners, bankers, credit card companies... you name it... certainly not for your benefit... think about it.. and hope that things change in WAshington.. but it seems here we go again. the ass hole republicans want to spend the next four years.... fighting Obama and NOT working with HIM for the good of the people of the country..... but only to try to get into power and work solely for the rich.... like they always do and the hell with the average person.. slipping further and further into poverty in this country... we borrow from china, send work there.. they become middle class and buy up property and jobs here....... oh yeah.. nice government we have... and stop poisoning us and making us sick with corn syrup, high fructose corn syrup and all kinds of lactose dextrin.. gum preservatives like what is in Twinkles... and just everything... no wonder people are sick... but then here-we-go- again.. that is good only for the FOR PROFIT huge corporations.....it sucks big time... getting ripped off everyday... doesn't it? Do we need more women in powerful positions and send men back to Mars... where I do believe they are so desperate to return to...
    (more)
  • Zee Black 2012/11/17 14:35:55
    Zee Black
    +3
    I don't see the correlation between Obama care and Twinkies, but Twinkies are dead because of the elves. Hostess has been circling the drain for quite some time and has been trading at under 5 cents for the last five years. Hostess got aced out of the market, Plain and simple, this has nothing to do with the union. Hostess was going ti shutter regardless of the strike.
  • Torchmanner ~PWCM~JLA 2012/11/17 14:07:52
    Torchmanner ~PWCM~JLA
    +2
    Union greed killed the Twinkie.
  • Tracie Richards~PWCM~JLA 2012/11/17 13:41:56
    Tracie Richards~PWCM~JLA
    +2
    If you find yourself in Twinkie withdrawal, you can make them at home. They're just sponge cake with a marshmallow based vanilla filling. You can even make a twinkie shaped mold out of heavy aluminum foil.
    I went out when this was announced and bought my grocery stores last box of twinkies. One of the is in the freezer as we speak to become a form for my aluminum foil.
    To the devil with the unions, I'll make my own darn twinkies! If anyone needs my recipe, just say the word and I'll post it here.
  • FAWKES' NOOSE ~ ΔTX 2012/11/17 13:41:38 (edited)
    FAWKES' NOOSE ~ ΔTX
    +6
    Lets tell the the Twinkie story using actual FACTS now....

    2003 - Hostess begins closing plants and some other units
    2004 - Hostess enters bankruptcy, and the union agrees to benefit cuts to save the company $110 million. The money is not reinvested in the company.
    2004 - 2009 Hostess closes 21 plants, lays off thousands of employees.
    2009 - Hostess emerges from bankruptcy, run by two hedge funds and a private equity firm, who add millions to the company's debt line.
    2011 - Management, continuing to market the same products, continues running the company into the ground, and demands concessions from the unions.
    2012 - Hostess enters bankruptcy again, stops paying into the employee pension fund as agreed to by them.

    As Hostess was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.

    What caused the Twinkie's problem again?
  • Jeff Smith FAWKES'... 2012/11/17 13:59:19
    Jeff Smith
    +2
    Take the money and run strategy. Worked for Solyndra either way this won't end with hostess more to come.
  • FAWKES'... Jeff Smith 2012/11/17 14:19:56
    FAWKES' NOOSE ~ ΔTX
    +5
    Mismanagement and Greed killed Hostess. Nothing else.
  • Lady Wh... FAWKES'... 2012/11/17 17:30:33
    Lady Whitewolf
    +1
    agreed
  • Torchma... FAWKES'... 2012/11/17 14:05:37
    Torchmanner ~PWCM~JLA
    +3
    > obaaaama economics failure obama economics failure chart
  • FAWKES'... Torchma... 2012/11/17 14:19:17
    FAWKES' NOOSE ~ ΔTX
    +3
    My comment is about the mismanagement and greed of Hostess, not the President. You poor little feller. You must have....

    obama tourettes sodahead
  • mich52 Torchma... 2012/11/17 15:41:11
  • KCurtis mich52 2012/11/17 16:18:22 (edited)
    KCurtis
    +1
    Yes any dummy can make one.
    It's not even found on Google

    Your search - debt-chart-93166846753 - did not match any documents.

    Suggestions:

    Make sure all words are spelled correctly.
    Try different keywords.
    Try more general keywords.
    Try fewer keywords.
  • mich52 KCurtis 2012/11/17 16:55:14
  • frank mich52 2012/11/17 17:17:42
    frank
    +1
    FYI - Charts lie, the national debt as of Jan 1, 2001 was 5.9 trillion, in Jan when Bush left office the debt was under 11 trillion, how after four years BHO has a national debt of over 16 trillion.

    Remember when a chart is in percentages they don't want you to know the dollar value
  • mich52 frank 2012/11/18 02:05:16
  • Mr.RIGHT mich52 2012/11/19 04:15:15
  • mich52 Mr.RIGHT 2012/11/19 14:15:35
  • frank Torchma... 2012/11/17 17:20:35
    frank
    GOOD CHART! It is just too bad the Omama supporters still think he is doing a good job.
  • mich52 FAWKES'... 2012/11/17 15:43:53
  • Mel the Witch POTL PWCM~JLA 2012/11/17 13:29:57
    Mel the Witch POTL PWCM~JLA
    +5
    I am hope these Union democrats Starve
  • hasher 2012/11/17 13:03:56
    hasher
    businesses go through bankruptcy all the time.i think this was inevitable for hostess. not necessarily the union's fault this time although they didnt help either. i think this would have happened eventually anyway. i quit eating twinkies a long time ago. the company will probably be bought up by another bakery any maybe those employees will get their jobs back.
  • KCurtis hasher 2012/11/17 13:15:41
    KCurtis
    +2
    Sure ok, and
  • PoliticallyIncorrect 2012/11/17 12:54:10
    PoliticallyIncorrect
    +5
    Trumka looks like he eats too many Twinkies anyway. Unions have screwed the pooch. They are no longer (haven't been in a long while) an organization to protect the workers. Unions are interested in stealing money from workers and spending it for political favors.

    Hostess is really closing because of union extortion, I say, good for them. Blaming Romney is one way that Trumka is trying to distract people from the fact that striking workers were the ones who closed the company. The liberal press doesn't have the balls to admit the strikers caused the closing in a poor economy due to their own self-interests. The bakers union obviously doesn't play nicely because the other unions agreed to have cutbacks to keep their jobs. This is one thing that probably plays well in the White House though. The Obama regime wants as many welfare folks as they can get. Control people's lives and they vote for you forever.

    The American experiment is dead, long live citizen dependence on government. I wonder how many terms Obamass will go for once he has all Americans totally under the socialist thumb and unable to function for themselves.
  • belle Politic... 2012/11/17 16:18:00
    belle
    +1
    there is a certain woman blogger on the internet that thinks the USA should elect him thru 2024 as tp show we are not a racist country. She is full of BS as ffar as I am concerned. We don't need him even 4 more years let alone 12 years

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