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Tell me again why can’t I buy a Twinkie?


Hostess

Hostess Brands, formerly Interstate Bakeries, was founded in 1930 and is the company behind Twinkies, Wonder Bread, and Devil Dogs. The company filed for bankruptcy in 2004. In early 2009, the company became a private company in a deal financed in part by private equity firm Ripplewood Holdings.

Looking at a murky financial picture, what is evident at first glance is that even before this last straw that broke the junk-food laden camel’s back, the company was already practically done for. Cheap snack foods from every corner of the industrialized world have flooded the market in recent years, and not only that, but there’s also a national push—perhaps epitomized by the First Lady—to start getting healthy. Junk food and empty calories are what Hostess is best known for. They sold a selection of breads and muffins as well but these were a small and low-profit segment of their mostly junk-food catalog. Whether we’re discussing Hostess, Blockbuster, or the Turner and Cook Buggy-Whip Manufactory, the list of failed businesses which at one time seemed American institutions will continue to grow. This is the cycle of life, as well as the cycle of free enterprise. If you can’t sell your product for more than it costs to produce it, you don’t stay in business.

WASHINGTON — While current and former executives at bankrupt Hostess Brands Inc. decide how to spend millions in bonuses, hourly workers are discovering their final paychecks will be short several hundred dollars in promised vacation pay.

According to a bankruptcy-brokered Employee Retention Program at Hostess, workers taking part in the shutdown of Hostess facilities and those workers displaced by the closings will not be paid for vacation time accrued during the past year.

The workers previously were told their earned vacation pay would be included in their final paychecks.

This was a game of chicken and both sides lost when they hit head on. I don’t know what the take away from this is. Several things strike me. First and foremost, obviously the Hostess hourly workers who lost their jobs are definitely the biggest losers. I don’t imagine there’s a single person who’d disagree with that. As the liberal headline from The Ohio Dispatch proclaims, the executives who ran the company are probably going to do just fine. There’s a big part of me that wants to sneer at the thought of a gang of ticks crying because they killed the dog and now they’re out of a job. I guess that’s just the cynic in me. Then again, there’s another part of me that thinks these workers lost their jobs because they were misled. They were tricked, cajoled, led along the primrose path to their own destruction.

I want to ask BCTGM a question. I want to ask the Hostess workers who’re out of a job a question. Finally I want to ask Hostess management a question. The question in each case is the same: if you had it to do over, would you do anything differently?

Of the three groups I’d ask the question to, I’m almost certain that the workers would have done things differently. I doubt Hostess management was able to do things differently. They were caught between a rock and a hard place. They could either manage a company that could turn a profit or they’d be forced into plan B: sell it for what they could get. The Baker’s union decided to call management’s bluff. BCTGM went all in and forced Hostess management’s hand. The executives at Hostess did the only thing they could do: They folded. In the process Hostess executives—very smartly—took the remainder of their winnings and they cashed out. Game over. The End.

If you look around the poker table and you can’t tell who the sucker is, I’ve got news for you pal, wonder no more. So these Hostess workers were sold a bill of goods from a crooked union that made out like the bandits that they are. Of course you won’t see that news in newspaper headlines. You won’t hear about the third side of this little business triangle because the Democrat-media-union complex doesn’t want you thinking dangerous thoughts. They don’t want you to be thinking scary thoughts about evil middlemen milking the rich, skimming the cream off the top for themselves and then feeding you pigs the thin and tasteless remainder. If you started really looking at union bosses and Democrat kingpins and if you started wondering why it is that they all drive fancy cars and live in mansions, well, you might start to wonder who the sucker at the card-table really is. Not to worry, turn on your television and look at the light going back and forth…back and forth…you’re getting very sleepy…the rich get richer. Repeat after me…the rich get richer…

I get so tired of that. I’m not rich. How come I’m not jealous? If suddenly every rich person on Earth became poor, that still wouldn’t make me one penny better off, not one stinking penny richer. If you’re the kind of person who says “The rich get richer” with that same breathy resignation in your voice and the unmistakable note of bitter jealousy in your tone, then I wonder where your parents went wrong. Because they did you know. Maybe jealousy was fed to you in your own mother’s milk, and she in her mother’s before her, but jealousy is just so incredibly stupid, so pointless so unworthy. I can’t understand why people don’t see that.

Jealousy is the most useless of all emotions. It’s the same emotion that caused Lucifer to rebel and turn against God. It’s the same emotion that caused Cain to kill his brother Abel. Not once in the annals of human events has jealousy been termed noble, useful or worthy.

Now Abel kept flocks, and Cain worked the soil. 3 In the course of time Cain brought some of the fruits of the soil as an offering to the Lord. 4 And Abel also brought an offering—fat portions from some of the firstborn of his flock. The Lord looked with favor on Abel and his offering, 5 but on Cain and his offering he did not look with favor. So Cain was very angry, and his face was downcast.

6 Then the Lord said to Cain, “Why are you angry? Why is your face downcast? 7 If you do what is right, will you not be accepted? But if you do not do what is right, sin is crouching at your door; it desires to have you, but you must rule over it.”

8 Now Cain said to his brother Abel, “Let’s go out to the field.” While they were in the field, Cain attacked his brother Abel and killed him.

9 Then the Lord said to Cain, “Where is your brother Abel?”

“I don’t know,” he replied. “Am I my brother’s keeper?”

Read the entire post at Vantage Point of the One-Eyed Jack

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Discussion

2 thoughts on “Tell me again why can’t I buy a Twinkie?

  1. The Big “O” is such a moron! I watched the video in the “entire post” and I couldn’t believe his lack of basic logic. He said that if someone (the affluent) gets a break on their taxes, someone else (the poor) has to make up the difference, or else the deficit will grow. That is sooooooooo not true. The only group who might give up some funds are those spending someone else’s money. The money was earned and belonged to the affluent citizen. Obama says that if the owner of the money keeps a little more of his money, someone else has to make up the difference. No one “makes up the difference” out of their own money. He’s saying someone has to go without the other man’s money. That’s not out of his earnings or out of his pocket. That is simply getting a little less of the plunder taken by force from another. THIEVES!!!!!!!!!!! I couldn’t agree with this post more!

    Posted by Linus | December 29, 2012, 1:40 pm
  2. What will we do without our Hostess cup cakes. Unions have no place in our culture. Let them find some other way to blow off steam and work off their anger. Try MMA.

    Posted by Cucciolo | January 4, 2013, 11:37 am

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