Only Silver Point and Monarch could have kept Hostess out of liquidation and kept the Twinkie bakery ovens firing. But they were, ultimately, unable to reach a deal with the unions that represents the workers who make and deliver products like Twinkies, Wonderbread and Ding Dongs. Without large union concessions—what some would say, total union capitulation—the hedge funds decided Hostess would have to die.
This is America 2012.
We relected Presidnet Obama, not becasue we loved the job he did during his Nobel Peace Prize winning first term... it is becasue we needed to stop Mitt Romney, Paul Ryan and the raging lunatics on the corporate right from destroying the American Dream.
Well, they are still at it after the election. It is time for President Obama to step up and actually do something, not just say something for all the people that sent him back to the White House for another four years.
It is because of stories like this Hostess scandal... this treasonous corporate behavior... that I hoped Richard Trumka or someone from the progressive left had ran a Democratic Primary challenge against Presiden Obama.
You know there are no Twinkies in Malia's and Sasha's lunch box.