I’ll let Tallahassee Explain.
Well life is now imitating art and soon that box of Twinkies on the shelf may very well be the last box of Twinkies.
Hostess Brands, the bankrupt maker of cream-filled pastries like Twinkies and Ho Hos, said on Friday that it planned to wind down its operations. The decision comes a week after one of the company’s biggest unions went on strike to protest a labor contract.
The unions were protesting a cut in pay which occurred because of increased operating costs. I do find it funny that in this wonderful market, where I know many people who have taken pay cuts instead of raises, these people decided they were going to go on strike. Tell me geniuses, how is no income better than some income? Have no fear though because I’m sure they will all be collecting unemployment from the government. That means you and I get to pay them for their stupidity.
Doubly so since the company warned the union that they were going to have to liquidate and shutdown if they didn’t return to work. Well, the union called the bluff with one minor mistake, the company wasn’t bluffing.
The last thing I need is freaking Twinkies but man they take me back to my childhood. Thank’s for ruining a direct link back idiots.
Welcome to the demise folks. This is what happens as government regulation gets to the point where businesses can no longer thrive or be profitable. Things crash and augur into the ground. Get ready folks because this is going to get worse, a lot worse. Especially when you consider the number of people dependent on the government, when the hand outs stop, they’ll just attempt to take their handouts from others.
Atlas is starting to shrug and it seems a lot of people don’t even realize it.