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Why did Obama let the Hostess company go bankrupt? Was Americas future not enough?!!

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Obama had nothing to do with a private company going bankrupt. It's not the union's fault. Their pay has been cut every year for the past 3 years. Their pensions have been cut, their medical benefits were cut in almost half. They sacrificed almost $110 Million annually in wages & benefits. The Administration made poor decisions which is why Hostess is going bankrupt. They entered bankruptcy in 2004 and came out owing more money than they started with initially in bankruptcy-something that rarely happens. They had too much debt and could barely pay even the interest on those debts. I would say there's a lot of blame for all but in the end, Hostess' administration brought this on themselves and chose to blame the Union in the media. Some of the statistics and information were taken from: http://m.theatlantic.com/business/archive/2012/11/whos-to-blame-for-the-hostess-bankruptcy-wall-street-unions-or-carbs/265357/

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candybar
Thanks for the additional info. Knowledge is power.
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After all those financial problems that happened no matter who caused them, the unions strike to keep their high pay and benefits? And you don't blame the unions for the company closing? Had they taken the pay cut they might still have a job and some new financial advisors for the company could have made it profitable for everyone including workers. But noooo...unions for some odd reason believe closing a company is better than their minions having a job. Go figure.
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Like all the past financial advisors had turned things around. You're going to blame unions because a crappy (sorry Twinkie fans) diabetic coma in plastic was losing popularity and money?
If the financial advisors had been smart enough to start a rumor about closing down, think if all the people that would have bought the product!
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candybar

Obama didn't. The union did. You can't blame Obama for everything!

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KissTheCook
They did Bush, and it was okay then.
Nowww they dont like it lol
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dustee
Green.... good
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you are right
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bentheredunthat
Agree - it's George Bush's fault, lol. :)
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candybar
No it's not...
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Please read my answer for the facts in the Hostess bankruptcy.
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candybar
I will.
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You mean the union workers that took pay-cuts while the CEO got a 300% pay raise? If the union is the problem move to a right to work state or out of the county. Hostess is just getting it's ass kicked by competition making the same crap for less with union workers.
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candybar
The thing is, the union refused pay cuts. The refuse to mediate.
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KissTheCook

Its all about greed. I think it would have happened regardless of Obama.

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Yup. Unions have turned from helping the workers to being the greediest people on the planet.
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KissTheCook
Youre so right :)
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dang I am gonna miss my Twinkies

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Some company is going to buy out the recipes and make them and the workers well that's there fault now the I implement is going to go up 2% because they had 18,500 workers that's a lot and that's bad the workers must go back to work

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Please read my answer for the facts in the Hostess bankruptcy.
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dustee

U N I O N...did Hostess in....GREED.... Mr. Obama had nothing to do with the Unions greed...

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Please read my answer for the facts in the Hostess bankruptcy.
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dustee
No...but thank you so very much.... for thinking about me.. thank you..
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Blame the bakers union. Obama had nothing to do with it.

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Please read my answer for the facts in the Hostess bankruptcy.
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it's private own

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Damn that Obama? Why did he cause hurricane Sandy - doesn't he have enough to do? :)

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candybar
Please tell me you're joking!! 8))
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Yes!! Somebody got it!!! xD
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Don't you know? He used his magical Kenyon abilities to contour up the storm so he could get reelected. He used those abilities to put hostess out of business because he prefers little Debbie's and Michelle wanted them gone cause she implementing food police.
Don't you guys keep up? Lol
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Candy- yes- I'm joking!
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Dixie, sarcasm doesn't show up well in print and considering some of the serious answers on this board, yours fit right in. Which is why I do things like put lol after joking responses so please retread my answer, I took yours and added to it
Now please do some drugs, maybe laughing gas?
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Suzie keeps turning into Dixie on this... Does my iPad know something about you? Lol
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@boo ..hilarious!
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Yay! We are on the same track again!
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bentheredunthat

Well, I heard Michelle Obama wanted Twinkies to be healthier, to be made with broccoli & carrots. Of course the unions went bananas. (Excuse the pun) Just kidding. The end of an era, for sure. If Hostess is smart they'll sell their recipes to another baker & use the money to pay off their debt. Not so funny, the writing had been on the wall for some time that the company was in trouble. Sad that this union had to risk a stand-off & that it may have finished things off in the eyes of Hostess' Mgmt. Hard to say, depending what you hear. Sounds like they were on the brink regardless. 3,000+ people now out of work. :(

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18,000 people out of work. More unemployment checks going out. It should speed up Obamas Cloward and Piven strategy.
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bentheredunthat
Thanks, sorry for the count error. Either way - bad...
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BigRed - you sound very sore about Republicans losing so many seats
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bentheredunthat
Nearly half the US is upset. Not everyone, obviously, wanted Obama to have a 2nd term. His supporters/Dems are forgetting this. A good portion of this country has major concerns about our future, & not all that different from yours. To erase this much discourse over a political win is foolish & arrogant. If things don't get better the next 4 years, as promised, people will be blaming his supporters directly. Hope for the best or run for cover.
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I really doubt any of the arm chair quarter backs are anything to worry about.
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You want him to nationalize bakeries too? You might want to take a good hard look at countries who do these kind of things. Maybe start with Venezuela for a good perspective on how a once vibrant Republic much like America is being destroyed from within.

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I think the president used his mind control abilities to cause this as he has done with many other companies. Jeez I wish he would use those powers to gain world peace!

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Funny
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I wish he would use those powers to make winter go away!
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It was going to go bankrupt either way. It filed for bankruptcy in 2004. Waaaay before anyone knew about Obama. Times change, people are more aware of their health, and Twinkies has been the ultimate mascot for obesity next to chips and soda. Chips resorted to baked versions and diet coke outsells regular coke. There hasn't been any plans for diet Twinkies therefore it's time to go bye bye.

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Please don't give him (Obama) any more ideas.

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Unions are destroying America and Obama loves unions.

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The president can't save every company,especially when all they're doing is break the union.Do their employees as dirty as they can.Then open back up.

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You know, at one point Unions DID have a use... But that was about in the 50's back when... well, actually... Read the book "the Jungle," then you'll understand what I mean. So please don't be ignorante... Read about something, instead of trying to help somebody when you have no god damned idea what you are talking about...
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4biscuit: You are ignorant. That is not as much a shame as not trying to learn. You are obviously the type of person that does not think for your self. Unions have out lived there use, now all they do is perpetuate envy or hate of management. Your job would not be there had it not been for owner or manager to begin with. Think
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obama is not a king you knothead. These unions are part of the fault. In fact I suggest, why doesnt the unions buy it and run the place as they see fit?

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