The greatest lie corporate America ever invented was telling blue collar workers that it was the evil old unions who were responsible for plant closings and out-sourcing.  They are at it again with the Hostess liquidation.  I know we are in a post-fact age, but the facts are that Hostess was bought out by a Bain-style, vulture-capitalist private equity firm.  The facts are that management enriched itself with massive payoffs.  And the facts are that they attempted to pay for these for trying to force the workers to given up generous pensions that they had negotiated by giving up wage increases and other benefits, all this while steering the company onto the shoals in an economy that hasn’t been kind to the makers of junk food.  But rest assured, the Right Wing Howler Monkey Media Chorus will rush to their defense by blaming the victims.

Published in: on November 16, 2012 at 12:29 pm  Leave a Comment  
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