3 votes

Straight from the CEO's mouth, why Hostess the Twinkie maker had to close

It looks like thousands were crossing the picket lines to keep the factories open, but it wasn't enough.

Thanks union thugs

http://finance.yahoo.com/news/gregory-rayburn-dimming-twinki...

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Hostess went bankrupt

numerous times throughout the last 15 years and they patched over their debt with loans and more loans. Their closing was just a matter of time, you cannot stay solvent by borrowing more money. Sure the unions were part of the problem, but there was a laundry list of problems and the main problem they had was incompetency.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

Destruction of the dollar

is something management never sees. They never ask why did a gallon of gas go from .50/gal thirty years ago to $3.50/gal. today.

Management never asks why the cost of nearly everything that consumers buy causes labor to "demand" more wages.

If management ever woke up and realized the Fed is f&#ckin up there business and inflation is blowing there budget projections maybe just maybe the "End the Fed" movement could gain some traction.

I'm not holding my breath.