Fri Nov 16, 2012, 06:46 PM
banned from Kos (4,017 posts)
Who really killed the Twinkie? Michelle Obama, that's who!
This is wingnut parody from Atlanta's Jay Bookman. Worth a read. Especially the Victoria Jackson quote:
“Michelle is a snake.
Oh no! Organic food!
4 replies, 1730 views
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Who really killed the Twinkie? Michelle Obama, that's who! (Original post)
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Response to banned from Kos (Original post)
Fri Nov 16, 2012, 07:28 PM
Warpy (79,290 posts)
4. I hope someone with the resources
does a study of all the "begats" of Interstate Bakeries and where the huge amount of debt came from. Hostess has been owned by a whole series of companies, ITT among them, and it would be fascinating to see the step by step process by which the company was used to leverage debt for parent companies until nothing was left.
My guess is that this would be a study in predatory capitalism and how profitable companies have been turned into debt sinks in order to fatten the rich at the expense of the companies themselves and the workers they employ.
I have no doubt that Hostess will be sold quickly, probably to Grupo Bimbo (not making this up), a Mexican conglomerate that has been trying to buy them out for years.