eolesen
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- Jul 23, 2003
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But since the GOP candidate had a history as a 'venture capitalist' and was running as a "job creator", it wouldn't look good if a business run by VC's in the same manner that Bain was run liquidated in the middle the campaign. So they held on just long enough for Romney to lose, then blame it on the unions.
Your conspiracy might hold up if it weren't for the fact that the head of the VC running the show is a Democrat, and Dick Gebhardt's son sits on the board that voted to liquidate. Why would they want to make Romney look good?
I fail to see where this had nothing to do with Romney's history. It has to do with a company and union leaders that hadn't adapted to economic gravity...
When they filed for liquidation, Hostess had half the employees (~18,500) that they did when Pharaoh was anointed (~36,000 in 2009?).
Between the economy, a product line that had been singled out by the first lady as evil, and a bunch of legacy work rules that were never dealt with during a rash of acquisitions (e.g. certain product lines couldn't be carried on the same truck as others), the company eventually collapsed under its own weight.
Again, very similar to GM... SUV's and trucks are bad, Volts are good... Protect the UAW, punish the non-union workers.
Maybe the strikers thought Hostess was too revered to fail. Except that Obama didn't throw out a lifeline as he did to GM.
In due time, Bimbo, ConAgra, or whoever will wind up with the right to the recipes and trademarks, and given all the preservatives that 90% of their products have, they'll be able to be produced in either Mexico or a RTW state, and then transported in (on one truck) to where people on SNAP cards can start buying them up again...