November 21, 2012
Who killed Hostess?
The left is madly spinning (aka, lying about) the impending demise of Hostess, trying to blame the free enterprise system, and even Mitt Romney's former firm, Bain Capital. This is a lie. It was inside job of the left, with a prominent Democrat helping himself to consulting fees and a hundred thousand dollars a year sinecure for his son. Richard Trumka of the AFL-CIO is in the lead on the disinformation campaign, last week stating: "What's happening with Hostess Brands is a microcosm of what's wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor." (snip) "Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price." This is utter BS, as well documented by Andrew Ross Sorkin of the New York Times. The private equity firm which purchased and tried to fix Hostess, Ripplewood Holdings, is closely aligned with the Democratic Party and labor unions: ...the story of Hostess...(Read Full Post)