AFL-CIO Union Boss Richard Trumka Blames Bain-Style Wall Street Vultures For Twinkie Demise

November 19, 2012 10:23 amViews: 80

The left never ceases to amaze more normal thinking Americans as the decline of the country continues, liberals never look at facts and their own destructive, socialistic policies as a possible source of the problem. With the iconic Hostess brand and of course the most popular snack Twinkies going out of business, the ever so looney left blames capitalism for their demise. AFL-CIO Union Boss Richard Trumpka blames, get this, "Bain-Style Wall Street vultures" who "make themselves rich by making America poor..." clearly taking a swipe at Mitt Romney.


The looneyness of all this is that the baker's union members who worked at Hostess making the Twinkie and other Hostess snacks have directly been the ones who have made themselves poorer by effectively taking a 100% pay cut instead of a 8% pay cut to save the company. Left leaning blogs and most news networks are reporting or making up stories about how Hostess CEO's have supposedly given themselves bonuses and fat pay increases and they point to that bringing the company down over the years.

However, what we don't hear from the main stream is how Twinkie union workers were paid far above industry standard for their jobs. While bakers of their same skill level get around an average of $12.50 an hour for their work, Hostess workers we averaging $17 an hour. So, unless executives at Hostess were rewarding themselves with $173 million in annual pay and bonuses (the cost of the difference between average and above industry standard pay for all 18,500 Hostess employees), which they weren't, the $2.5 million salary of Hostess CEO Brian Driscoll doesn't even come remotely close to what it cost the company in worker wages.

While Richard Trumpka can blame Bain style tactics all he wants, the truth of the matter it is union thugs like him that bear the blame for supporting a union action that put 18,500 workers out of a job because they wouldn't take a pay cut. Well, they go their pay cut,and it was a 100% pay cut thanks to their greedyness.

Photo Credit: AP

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