Head of the AFL-CIO talks about crony capitalism. Well, he is an expert.
There are a number of things which killed the Twinkie as we know it. The fact that people are less and less interested in eating white bread, refined flower, and sugar, (though Americans are fatter than ever) probably has something to do with it.
Poor management also may have something to do with it.
But the death of the bright yellow confection is at the hands of the unions. They killed their host, or in this case Hostess.
And for Richard Trumka, the head of the AFL-CIO, to talk about “crony capitalism” is an absolute laugh. Crony capitalism for the unions delivered Ohio and Michigan to the president in the last election and kept Mr. Trumka “relevant.” Sorry, Richard, but you don’t get it both ways.
“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,” Trumka said in a public statement. “Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.”