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

Submitted by joeinmo on Mon, 11/26/2012 - 21:35
in

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

Submitted by FreedomIsAbsolute on Mon, 11/26/2012 - 23:02.

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

Submitted by FreedomFighter on Mon, 11/26/2012 - 22:22.

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.