Unions Destroy American Sweets Icon

[Dan J 277]

Its likely the company would have liquidated eventually anyway (whether it was now or a couple more years), its been in bankruptcy before. The strike just provided the perfect cover.

[sly_wolf 199]

went to 4 stores to try and get some Twinkies after work...

It appears all the welfare queen fat arses beat me to them all...

Easy enough to make your own. Try it.

[one...two...tree 2,762]

Its likely the company would have liquidated eventually anyway (whether it was now or a couple more years), its been in bankruptcy before. The strike just provided the perfect cover.

[The Nature Boy 4,224]

1353130379[/url]' post='5827188']

Bush fault

[Love's JAA 100]

The union workers there were making a whopping $11.62 an hour. Management wanted them to take a 5% pay cut after management had given themselves raises just a few years before. I'm going to miss the Ding Dongs, Ho Ho's, Fruit pies and Suzie Q's the most. I grew up on those and they were great. Little Debbie can't touch Hostess products with a 10' pole. Hostess curb stomped them for years and for good reason. Taste.

Yeah Little Debbie sucked, but I did enjoy Dolly Madison Zingers. I loved Ding Dongs, until I one day read the ingredients. It wasn't the same for me after that.

[lostinblue 1,989]

Bush fault

Perhaps one of the most interesting aspects of the just announced Hostess liquidation, one that will be largely debated and discussed in the media, or maybe not at all, is the curious cast of characters and the peculiar history of this particular bankruptcy. Some may not be aware that the company's Chapter 11 (or colloquially known as 22) bankruptcy filing this January, which today became a Chapter 7 liquidation, was the second one in the company's recent history, with Hostess, previously Interstate Bakeries, emerging from its previous protracted multi-year bankruptcy in 2009. What is curious is that its emergence had all the drama of a anti-Mitt Romney PAC funded thriller, with a PE firm, in this case Ripplewood holdings, injecting $130 million in order to obtain equity control of Hostess as it was emerging last time. There were also more hedge funds, investment banks, strategic buyers, politicians involved in this particular story than one can shake a deep fried numismatic value Twinkie at. More importantly, however, as America has been habituated following the last season of the reality TV show known as the presidential election, if Private Equity then "bad." Only this time there is a twist: because it wasn't really PE that was the pure evil in the Obama long-term campaign, it was associating PE with Republicans, and thus: with jobs outsourcing. And here comes the Hostess twist: because Tim Collins of Ripplewood, was a prominent Democrat, a position which allowed him to get involved in the first bankruptcy process in the first place, due to his proximity with the Teamsters' long-term heartthrob ####### Gephardt (whose consulting group just happens to also be an equity owner of Hostess). In other words, the traditional republican-cum-PE scapegoating strategy here will be a tough one to pull off since the narrative collapses when considering that it was a Democrat who rescued the firm, only to see it implode in a trainwreck that has resulted in the liquidation of a legendary brand, and 18,500 layoffs.

More......http://www.zerohedge.com/news/2012-11-16/hostess-liquidation-curious-cast-characters-twinkie-tumbles

[Obama 2012 1,714]

anyone else find it Erie that the snack cake that was supposed to be able to survive a nuclear holocaust just so happens to die just a few weeks before the Mayan calendar allegedly expires....

We're all doomed!!!!

http://www.youtube.com/watch?v=M1vYj0E2Hr0

Edited November 17, 2012 by Obama 2012

[james&olya 1,121]

I've never had twinkies. Will I be missing out forever?

No, there is so much chemical in those things they will still have their original appearance and 'flavor' for many years.

I don't like seeing jobs lost but that is one company whose product we will all be healthier going without. Good riddance!

[james&olya 1,121]

went to 4 stores to try and get some Twinkies after work...

It appears all the welfare queen fat arses beat me to them all...

Your fat ####### is better off because of their 'sacrifice'!!

[Danno 1,228]

See what happens when you go the Obama route and DON"T call in Bain?

FoodStamps or food producers?

Free housing or Housing starts?

FRee cell phones or phones ringing off the hook.

Bigger Government or Bigger GDP

More slogans or More jobs

Growing debt or growing capital.

Spread the misery or unleash capitalism

Making Israel less safe or Supporting a more secure Israel.

Grand ideas or proven record.

We made our choice now we have four years to try in justify it.

[CarlosAndSveta 808]

Perhaps one of the most interesting aspects of the just announced Hostess liquidation, one that will be largely debated and discussed in the media, or maybe not at all, is the curious cast of characters and the peculiar history of this particular bankruptcy. Some may not be aware that the company's Chapter 11 (or colloquially known as 22) bankruptcy filing this January, which today became a Chapter 7 liquidation, was the second one in the company's recent history, with Hostess, previously Interstate Bakeries, emerging from its previous protracted multi-year bankruptcy in 2009. What is curious is that its emergence had all the drama of a anti-Mitt Romney PAC funded thriller, with a PE firm, in this case Ripplewood holdings, injecting $130 million in order to obtain equity control of Hostess as it was emerging last time. There were also more hedge funds, investment banks, strategic buyers, politicians involved in this particular story than one can shake a deep fried numismatic value Twinkie at. More importantly, however, as America has been habituated following the last season of the reality TV show known as the presidential election, if Private Equity then "bad." Only this time there is a twist: because it wasn't really PE that was the pure evil in the Obama long-term campaign, it was associating PE with Republicans, and thus: with jobs outsourcing. And here comes the Hostess twist: because Tim Collins of Ripplewood, was a prominent Democrat, a position which allowed him to get involved in the first bankruptcy process in the first place, due to his proximity with the Teamsters' long-term heartthrob ####### Gephardt (whose consulting group just happens to also be an equity owner of Hostess). In other words, the traditional republican-cum-PE scapegoating strategy here will be a tough one to pull off since the narrative collapses when considering that it was a Democrat who rescued the firm, only to see it implode in a trainwreck that has resulted in the liquidation of a legendary brand, and 18,500 layoffs.

More......http://www.zerohedge.com/news/2012-11-16/hostess-liquidation-curious-cast-characters-twinkie-tumbles

To me the most important point about your point is that Tim Colins didn't run for president and claim that his experience as a venture capitalist qualified him to be President.

[Saddle Bronc 124]

Nothing to miss:

• Most Hostess products use(d) animal fats (including <b>lard</b>) and considerable amounts of preservative
  
• There was never a lack of sweet products competing with these (many probably much sweeter)
  

[Dakine10 5,452]

See what happens when you go the Obama route and DON"T call in Bain?

FoodStamps or food producers?

Free housing or Housing starts?

FRee cell phones or phones ringing off the hook.

Bigger Government or Bigger GDP

More slogans or More jobs

Growing debt or growing capital.

Spread the misery or unleash capitalism

Making Israel less safe or Supporting a more secure Israel.

Grand ideas or proven record.

We made our choice now we have four years to try in justify it.

You're not going to go on and on like this for the whole 4 years are you?

[Gary and Alla 3,694]

anyone else find it Erie that the snack cake that was supposed to be able to survive a nuclear holocaust just so happens to die just a few weeks before the Mayan calendar allegedly expires....

We're all doomed!!!!

http://www.youtube.com/watch?v=M1vYj0E2Hr0

You must mean "eerie"

"Eerie" is surviving a nuclear strike but not a union walk out.

[Danno 1,228]

You're not going to go on and on like this for the whole 4 years are you?

Ahhh what do you think?

Perhaps you want me to rally around the Commander... as the Left did with Bush?