Unions Kill The Twinkie - Where is the bailout Obama?

Unions can think about as far into the future as a goldfish. In this case, that myopathy has lead to the demise of an iconic brand: Hostess.

This is, in fact, the president of the UAW

Yes, this means no more twinkies. How did this come about? Well, one of the Company’s largest unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), initiated a nationwide strike that crippled the Company’s ability to produce and deliver products.

Net result? The company filed for bankruptcy. 

What the hell do we eat after the zombie apocalypse now???

However, this is the Obama era, so the union should not actually be worried at all. The bankruptcy should work out something like this:

1) The company goes under because the union drags them down 

2) The President of the United States agrees to bail out the company on the condition that...

3) The secured debt holders (the people who bought bonds from the company etc) give up their legal right to equity in the new-post bankruptcy company and instead get... almost nothing (think mafia shakedown - "here's what chu gonna do," - Obama is a thug and closer to Chavez than Jefferson)

4) The government (aka taxpayers) takes a stake and gives the rest of the company to... the union. Because of all their hard work and suffering. 

5) Taxpayers bear the burden of bailing out unionized $65/hr jobs while there is 10% unemployment, and get a huge negative return on their investment

Yeah - it sounds kind of funny. The sad thing is, that is exactly, and I mean exactly, what happened with GM.  

So, actually, the BCTGM is probably in good shape - who needs hard work when you can steal and threaten your way to "profits"?

As a final thought - if you have not read Atlas Shrugged, for gods sake go do so. There should be some serious shrugging going on the next few years... if only we had a gulch...