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And why are they in bankruptcy? The same sad story is the answer. Their unions have negotiated very lucrative benefits for both workers and retirees, which the business is now unable to sustain...just like the Big Three. I guess we can be assured BO will not be bailing out Hostess, since Mrs. BO 'claims' to be a health nut. Unlike GM and Chrysler, Hostess in bankruptcy protection can dump those crazy union contracts and hopefully come out of bankruptcy a viable entity and continue to employ many people. Capitalism works, but only when it is actually put into effect.
And why are they in bankruptcy? The same sad story is the answer. Their unions have negotiated very lucrative benefits for both workers and retirees, which the business is now unable to sustain...just like the Big Three.
I guess we can be assured BO will not be bailing out Hostess, since Mrs. BO 'claims' to be a health nut.
Unlike GM and Chrysler, Hostess in bankruptcy protection can dump those crazy union contracts and hopefully come out of bankruptcy a viable entity and continue to employ many people.
Capitalism works, but only when it is actually put into effect.
