Union Head Blames Bain Capital For Death of Twinkies
AFL-CIO President Richard Trumka has said there is a place for the blame in the closing of Hostess Brands and the end of Twinkies as we know them. Trumka laid the blame at the feet of investment firms like Bain Capital. He said,
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. Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.
Never mind that unions are the ones that seem to think that they deserve more money.
In a country where the cost of business keeps going up, the labor union continues to strive to get more money for the worker when there is less of it for everyone in general. Now, the head of the AFL-CIO seems to think that the reason that Twinkies are going away are men like Mitt Romney, who happens to have co-founded a firm called Bain Capital.
Did anyone tell Mr. Trumka that, without investment of dollars, there wouldn't be companies for workers to work in? Investments have led to companies starting up and making millions and have provided work for those that want it. Without those investments, would there be places to work like Hostess Brands?
I will not say that unions are the only ones to blame. Yes, poor management is to blame as well when a company finds itself with few options, like Hostess Brands. Still, the company shared their plight with the unions in hopes that they would partner together and save the company. Rather than see the need to keep jobs going, the union decided that no wages were better than reduced wages.
Blame can go around all we want. People that invest in business are not the answer. Liberal talking points are not going to save Twinkies for the rest of us. Pointing the finger of blame is not the answer either. Solutions are brought about by rolling up our sleeves and working on things. Clearly someone in this situation seems to be afraid of doing just that.